IQON keeps KYC, ownership, monitoring and compliance evidence current across the entities you administer, with relevant changes triggering the review and follow up they require.
Keep entity information, KYC, monitoring and follow up connected as the companies you administer change.
Maintain a current KYC record for each entity, including screening, risk, reviews and evidence.
Establish ownership structures and beneficial owners, and keep them current as the underlying information changes.
Send resolutions, mandates, approvals and other corporate documents for signature by authorised participants.
Monitor entities and connected persons for relevant changes between scheduled reviews.
Run recurring reviews with the information, tasks and evidence attached to the entity relationship.
Use available registry and specialist data across jurisdictions while applying a consistent compliance process.
Collect declarations, documents, ownership information and verification from clients and other participants in one coordinated process.
Turn changes, missing information and review requirements into owned tasks, reminders and follow up.
Keep the information, decisions, checks and actions for each administered entity in one auditable record.
A CSP already maintains key information about the entities it administers, including directors, shareholders, beneficial owners and other corporate details. Changes to that information can also require compliance follow up.
IQON uses those changes to keep the KYC record current, trigger the appropriate review or task, and retain the resulting evidence against the entity.
For a CSP, the challenge is keeping an accurate view across interconnected entities, people and jurisdictions. Different registries, different data availability and changes in one part of a structure can affect several others.
IQON keeps each entity as its own relationship while preserving the ownership, control and other connections between entities and people across the wider structure.
A single director resignation can affect three companies in a group. IQON maps which relationships are affected and starts follow-up for each.
Registry or screening event on a person or entity.
Which entities in the structure are affected.
A task per affected relationship, with an owner.
A named person concludes on each.
Every affected file current and evidenced.