Independent KYC/KYB quality assurance
Find out how consistently your onboarding controls are actually being applied.
A fixed-fee independent review of a representative sample of completed customer files, with clear findings and practical recommendations.
Built on practical KYC and AML experience across complex professional and financial-services environments.
Approximately 10 completed onboarding files, reviewed independently against your policies and procedures and the relevant KYC/AML standards agreed at scoping.
- Written findings and recurring themes
- Prioritised, practical recommendations
- Client-hosted review wherever practical
A process can look sound and still be applied unevenly.
Onboarding that works day to day can still drift. Sample review shows where.
- Inconsistent risk decisionsSimilar customers rated differently by different analysts.
- Incomplete beneficial ownership evidenceOwners identified, but control and verification not fully evidenced.
- Screening decisions without enough rationaleMatches cleared with no explanation a reviewer could follow.
- Inconsistent enhanced due diligenceExtra work applied to some higher-rated cases and not others.
- Weak audit trailsDecisions that cannot easily be reconstructed later.
- Gaps between written policy and actual case handlingThe procedure says one thing; the files show another.
An independent sample review gives management a practical snapshot of how the process is really working, so effort goes to the areas that need it, before habits become embedded.
The KYC/KYB Quality Assessment
A defined, low-commitment way to obtain an external view of onboarding quality.
What is assessed
- Identity and entity verificationWhether identity or entity evidence is sufficient, current and consistent with the file.
- Beneficial ownership and controlWhether owners and controllers have been identified and evidenced to the standard your procedures require.
- Customer risk assessmentWhether the rating is supported by the facts and applied consistently.
- Sanctions, PEP and adverse-media screeningWhether results were reviewed, dispositioned and explained with enough rationale to re-perform.
- Enhanced due diligence, where relevantWhether higher-risk cases received the additional work your policy calls for.
- Decision-making, rationale and audit trailWhether a reviewer could understand why the file was approved, without asking the analyst.
Independent review of approximately 10 standard-complexity completed onboarding files.
You receive
- Independent case-level review
- Clear findings for each file
- Analysis of recurring themes
- Prioritised issues
- Practical recommendations
- Concise written report
- Discussion of material findings where appropriate
Up to approximately 15 files where they are sufficiently straightforward and this is agreed in advance. Full scope and exclusions.
How it works
Scope
A short conversation about your onboarding environment, policies and the files to be reviewed.Secure access
You provide restricted, read-only access where appropriate, within your own systems.Independent review
Each file is assessed against your procedures and the KYC/AML standards agreed at scoping.Findings and recommendations
A concise written report, with a discussion of material findings where useful.
What you get from an independent view
Independent challenge
An external view without a large consulting engagement or a major project.
Better defensibility
Stronger evidence and clearer rationale behind onboarding decisions.
Consistency
Visibility of differences in how analysts or teams interpret the same requirement.
Prioritised improvement
Attention focused on the issues that materially affect your control environment.
Client-hosted review wherever practical
Veridium works within your environment wherever practical, with access limited to what the review needs.
- Client information stays within your own systems wherever practical.
- Restricted access, read-only where appropriate, for the agreed review only.
- Unnecessary copying of customer documents is avoided.
- Access is revoked when the engagement is complete.
Who it is for
Heads of Compliance, MLROs, compliance officers, financial-crime leads and operations directors at firms that onboard customers under their own KYC/KYB procedures, or operate onboarding for others.
- Fintechs and payments businesses
- Regulated lenders and wider financial-services firms
- Cryptoasset businesses, where appropriate
- Smaller compliance functions and growing regulated businesses
- Firms with in-house or outsourced KYC/KYB teams
Need something different?
The assessment is designed as a straightforward starting point. Larger samples, ongoing QA, complex-case review and defined onboarding support can be discussed separately where appropriate.
Want an independent view of your KYC process?
Start with a short conversation about your current onboarding environment and what you would like reviewed.