TCMS Solutions & Services


What is KYC?

Know-Your-Customer (KYC) legislation has been introduced in most major financial centres across the globe.

Such legislation is driven by recommendations and standards set by the Financial Action Task Force (FATF). The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. Read more on the FATF website.

The risk-based approach

A fundamental feature of the latest recommendations from FATF, which led to many countries amending their KYC laws, is the migration from a rules-based approach to a risk-based approach. This is seen as a major enhancement of all previous anti-money laundering (AML) strategies. The rules-based approach involves Accountable Institutions (AI) taking ownership of the crucial roles they play in protecting the integrity of the global financial system.

Digital KYC with International AML API

The objective of the KYCFactory system is to deliver a compliant, automated and fully digitised KYC system that caters for both juristic and natural persons, in a manner that is aligned with any RMCP and that can integrate with any rules engine, enterprise services bus (“ESB”) or workflow engine to trigger events.

Remote consumer kyc

  • Proof of life

    3D Facial recognition

  • Identity verification

    Data -and template- driven solutions

  • Address verification

    Data-driven proof of residence

We strive to supply a totally paperless KYC system with minimum, or no document uploads.
The system automatically produces a declaration for the customer to sign, which can be done together with an application form or sales contract.
The compliance team receives a detailed compliance report, automatically produced by the system, based on all data collected throughout the process.

Remote business kyc

  • Business verification

    Company / Entity verification

  • Principle member verification

    Data-driven Director's verification

  • Address verification

    Business address verification

  • Web-source

    Internet scrapping

  • Ownership registrations

    SSL, GLIEF, WHOIS, etc.

  • Social media presence

    Pages on Facebook, Twitter, LinkedIn, etc.

  • Sanctions

    International sanctions check APIs