AML & KYC

Identification of Source of Funds and Customer Due Diligence

In today's global financial landscape, transparency and regulatory compliance have become increasingly important — not only for banks but also for individuals and businesses. Whether opening a new bank account, making a foreign investment, or receiving an inheritance, it is now expected that a client's identity, the origin of funds, and the purpose of transactions are properly documented.

In response to the global risks associated with money laundering, terrorist financing, tax evasion, and illicit asset transfers, international regulations have tightened significantly in recent years. The depth and scope of compliance checks now often exceed what was previously considered standard administrative practice.

Situations in which AML & KYC support may be essential

• Foreign bank account opening or establishing private banking relationships

• International real estate purchase or sale

• Company formation abroad or involvement of an offshore partner

• Source of funds verification related to cryptocurrency investments

• Asset transfers due to inheritance, gifting, or divorce

• Preparation of business loans, equity sales, or M&A transactions

• Screening for political, reputational, or sanctions-related risks (e.g. PEP status)

All of these are situations where properly prepared AML & KYC documentation can be of critical importance. With our network and expert partners, we are able to competently cover every area – including highly complex matters.

What do AML and KYC mean?

AML – Anti-Money Laundering: Anti-money laundering measures are designed to prevent the integration of funds derived from criminal activities into the legal financial system. AML regulations apply not only to banks but to all entities that handle or mediate financial transactions – including, but not limited to: insurance companies, investment advisors, real estate agents, asset managers, lawyers and notaries, accountants and tax advisors, art dealers, and crypto asset service providers.

KYC – Know Your Customer: The purpose of customer identification is to establish a clear understanding of the client's identity, financial background, source of funds, and the intended nature of the relationship. On the foundation of a trust-based client relationship, we can provide the most effective support by understanding our clients' circumstances and goals.

How can we assist you?

• Comprehensive AML & KYC questionnaires for individuals, companies, and foundations

• Extended risk assessment modules (PEP screening, sanctions lists, offshore exposure)

• Source of funds templates and due diligence documentation

• Tailored advisory services for complex financial transactions

• Preliminary compliance audits for banking or legal matters

The compliance support engagement can only be initiated based on structured documentation and a pre-approved registration associated with the "Private Office" section. The Private Office is a dedicated client interface developed specifically for handling complex cases involving multiple jurisdictions or unique compliance requirements. Access is not automatic; each registration is subject to prior evaluation, and cooperation may commence only upon approval.