Reduce business risks and meet compliance obligations with this Know Your Client .

Complete the KYC process with ease with TeamworkIQ’s Know Your Client Template. Complete every step the right way and on time. Automatically assign roles. Quickly track progress.

Know Your Client processes let you systematically achieve compliance with Anti-Money Laundering regulations. Research suggests that $2 to $2.5 trillion dollars flow through the money laundering market every year. Your business could be at risk if it facilitates these illicit activities. Reduce risks with a Know Your Client process.

Without knowing your client’s business activities in more detail and make sure you have verified their identity, your business risks severe consequences. Fines and other legal actions for minor or more serious involvement in criminal activity could apply. Fraud committed by your customers could lead to involvement in legal proceedings, investigations, and potential damages.

Start every customer relationship with a Know Your Client . Gather all the important details about new clients. Make sure key questions and the answers do not get overlooked. Use this Know Your Client to be certain things get done right and you’ve efficiently met key compliance requirements.

How to get your Know Your Client into use now:

  • Document and Share the Process
    Use the template above to get started. Tailor the outlined processto your needs. Add images, details, roles, assignments, relative due dates, timelines, tasks, forms, and videos as needed. Generate print and PDF copies of your documented process or share it with other managers.
  • Automate Workflow Processes and Checklists
    Typically the KYC process requires employees from several departments. Researchers gather information about clients and verify their identity. Analysts evaluate the risk potential of clients. Account Managers handle onboarding and ongoing monitoring of the account. When you use a reliable , everyone involved in the process is informed of what needs to be done to make sure the process is done right. Automated workflows and tasks helps team members move through the entire process with clarity and ease. To start a new workflow from your documented process, simply click Start.
  • Integrate with Other Systems
    Eliminate the effort, slow speed, and error prone nature of moving information manually between systems. TeamworkIQ’s integration points let you exchange events and data with the most popular CRM systems and 1000’s of other apps and software systems.
  • Achieve Operational Excellence
    Save managers, teams, and your whole business time and money while executing flawlessly. View live processes on dashboards. Monitor the details. Get reports when you want them and notifications if issues arise. Archive everything for record keeping and compliance.
  • Avoid Costly Mistakes
    Make sure each critical step gets done right and on time. When details and steps during the Know Your Client get missed, forgotten, done incorrectly, or done late the company’s risk of encountering serious legal or financial consequences increases significantly. Avoid these risks with a strong and reliable Know Your Client .

Use TeamworkIQ’s Know Your Client template to ensure that your team can effectively handle the process and minimize your exposure to risk.

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