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KYC regulations


KYC (Know Your Client procedure) or D-D (Due Diligence - also known as Due Care) are the terms describing the process by which a client is assessed. Analysis takes place in advance of a client being accepted by Ancroft.

KYC policies have become increasingly important globally to prevent identity theft fraud, money laundering and terrorist financing.

Due to these increased regulations for the prevention of international money laundering and terrorism, Ancroft implements strict risk-control procedures and carries out thorough due diligence of clients.

These rules mean that clients must provide a proof of identity and proof of permanent residence, along with any additional information which may be required, which is kept by Ancroft in the strictest confidence, and not released to any third party (except in the very unlikely event of a court order).




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