Toucan Comply's technology helps you to stay compliant and meet regulatory requirements by offering full Client Lifecycle Management (CLM) from the point of ​onboarding through automated KYC and AML checks.

Regulated Businesses

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Today, more and more companies are falling under the definition of being a ‘regulated business’ and are therefore required to implement certain financial crime controls.

In the past, these controls have only applied to regulated industries such as finance or gambling, but more recently, the definition of regulated industries has become broader to encompass other sectors.

By law, AML/KYC Directives require regulated businesses to have controls that help them to stop financial crime including money laundering.

'Know Your Customer' and 'Anti-Money Laundering'

‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) controls are the best way to ensure that your company isn’t at risk of facilitating money laundering. If you are found to be facilitating money laundering, knowingly or unknowingly, you could personally face fines and judiciary action. Toucan Comply’s technology helps companies to meet these regulatory requirements by automatically onboarding customers that adheres to regulation so that you can focus on delivery.
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Benefits:

• Meet regulatory requirements to avoid fines or judiciary penalties
• Automatically incorporate new legislation that is relevant to your business
• Onboard and manage customers seamlessly and in a cost-efficient manner
• Integrate with existing systems
• Stay compliant, globally, with a full digital audit trail for inspections
• Save on time, manpower and human errors so that you can focus on delivering for your customers