Client Acceptance (KYC/AML)

Financial firms, accounting and other professional service providers, and others who provide sensitive or regulated services are wise to conduct due diligence before accepting new clients.

Often, regulated firms have know-your-customer and anti-money laundering due diligence requirements. These often include corroborating or verifying the identities of key individuals, conducting research on corporate entities, and review criminal, legal, regulatory, and transactional histories for any red flags.

Firms are wisely concerned about past behavior that suggests increased risk of fraud, mismanagement, conflict of interest, or other bad behavior.
Because each use case is unique, Imperative provides clients the ability to define each due diligence investigation to meet their specific needs.

Background Investigations on Owners, Directors, and Key Employees

• Identity research to corroborate the personally-identifiable information of the individual.

• Criminal history research to ensure that past alleged criminal acts are understood in the proper context.

• Civil litigation research to understand past instances where the individual has been sued or has brought suit against others.

• Bankruptcy research to determine if the individual has filed bankruptcy in the past and, if so, the nature of their debt and the outcome of the filing.

• Searches for lien and judgment filings resulting from civil litigation matters, government actions, or unpaid debts.

• Secretary of State research to identify corporate entities for which the individual has been listed as an officer or director. The circumstances surrounding those entities may identify possible conflicts of interest or involuntarily dissolved entities.

• Verification of licenses or certifications necessary to conduct certain types of business.

• Confirmation that the individual is not debarred or suspended from participating in state or federally-financed programs.

• Verification that the individual is not listed as a specially-designated national by the Office of Foreign Asset Control.

• Confirmation that the individual is not prohibited from engaging in certain financial transactions by the Office of the Comptroller or other government agencies.

Background Investigations on Corporate Entities

• Verification of the entity’s standing with the state and identification of its officers, directors, partners, or related entities.

• Civil litigation research to understand past instances where the entity has been sued or has brought suit against others.

• Bankruptcy research to determine if the entity has filed bankruptcy in the past and, if so, the nature of its debt and the outcome of the filing.

• Searches for lien and judgment filings resulting from civil litigation matters, government actions, or unpaid debts.

• Verification of licenses or certifications necessary to conduct certain types of business.

• Confirmation that the entity is not debarred or suspended from participating in state or federally-financed programs.

• Verification that the entity is not listed as a specially-designated national by the Office of Foreign Asset Control.

• Confirmation that the entity is not prohibited from engaging in certain financial transactions by the Office of the Comptroller or other government agencies.