Financial Crime Control Solutions | KYC/CIP
  • Wolters Kluwer Financial Services Banner Image
  • Know Your Customer (KYC) and Customer Identification Program (CIP) Solutions for added protection

    Understanding your customer begins at the time of account opening during initial Customer Due Diligence. CDD risk scoring and risk rating enables the institution to understand the level of risk an applicant brings.

    As per Section 326 of the USA PATRIOT Act, it is necessary for you to implement a Know Your Customer/Customer Identification Program (KYC/CIP). It is also required as part of your overall strategy for AML compliance.

    However, a comprehensive KYC/CIP program involves much more than just identifying customers; it requires the development of customer profiles and a true understanding of the expected scope of your customer relationships.

    Wiz Sentri™: Financial Crime Control helps you stay compliant at all times

    Wolters Kluwer Financial Services’ Wiz Sentri offers you an effective KYC/CIP program that delivers much more than regulatory compliance. Our state-of-the-art program includes products like RiskID and AIS that are designed to not only protect your financial institution, but also your customers.

    Wiz Sentri: Financial Crime Control solutions deliver comprehensive CIP & KYC compliance to your institution


    RiskID is a web-based tool that helps ensure compliance with CIP, Customer Due Diligence and Identity Theft program requirements of the USA PATRIOT Act. With a single sign-on, eliminating the need for multiple passwords, you can verify customer identities, screen high-risk customers and evaluate their potential risk.

    As an efficient and compliant solution, RiskId:

    • Verifies the identity of every applicant opening a new account and confirms the identity of existing customers
    • Lets you screen potential and existing customers against lists of high-risk individuals and businesses including OFAC, 314(a) and PEP, covering the United States and 230 other countries
    • Speeds up your customer due diligence process by automatically evaluating customer risk at account opening.

    Learn More

    Advance Intelligence Suite (AIS)

    Advance Intelligence Suite (AIS) is an advanced batch-filtering application that increases the efficiency and effectiveness of large volume sanction and WorldCheck scanning. It dramatically reduces false positive alerts.

    The AIS solution provides fully automated functionality to:

    • Optimize watch list data for more efficient scanning
    • Filter against a subset that meets the organization's risk threshold while generating only high quality alerts
    • Deliver dynamically updated information for more productive research
    • Remembered decisioning so re-review is only needed on updated records
    • Intuitive user interface for decision process

    Learn More.