Compliance & Reporting

Other aspects of our KYCs are as follows:

Quarterly reporting to regulators

Annual audit & reinsurance partner reporting

Anti-money laundering (AML) and sanctions screening in line with Anti-money laundering Act 2020 (Act 1044)

Individuals: We collect and verify name, date of birth, address, and government-issued ID.

We train staff regularly on AML/KYC compliance.

Corporates: We obtain legal name, registration number, ownership structure, tax ID, and proof of incorporation.

Jurisdiction

Nature of business relationship

Industry

Transaction volume or premium size

Screen clients and related parties for PEP status.

Monitor for both direct PEPs and close associates.

Apply Enhanced Due Diligence (EDD) for high-risk PEPs

Customer Identification Program (CIP)