An expert in financial and international corporate law. She has extensive experience advising FinTech and licensed companies in the EU, UAE, US, and East Asia. She specializes in AML/KYC compliance, M&A transactions, company registration and licensing, and interactions with regulators and banking institutions.
KYC (Know Your Customer) is the process of identifying and verifying clients, applied by primary financial monitoring entities prior to conducting financial or other transactions.
Within the framework of AML legislation, KYC involves actions aimed at client identification and verification, as well as the collection, storage, and verification of documents and data that allow clear identification of a person and assessment of cooperation risks.
Identification and verification within financial monitoring are key elements of the AML system and are recognized in EU regulatory standards as KYC/KYB. These procedures are mandatory for primary financial monitoring entities.
company registration details (for legal entities).
Verification:
verification of document authenticity;
confirmation that the data belongs to the respective person;
verification through official public registries.
Identification of the UBO (Ultimate Beneficial Owner) — for legal entities.
Client risk profile assessment (low / medium / high risk).
Verification of source of funds / source of wealth.
Sanctions screening:
NBU;
UN;
EU;
OFAC;
PEP status checks.
Ongoing monitoring and data updates.
KYC and KYB within AML systems and financial crime prevention
KYC applies to individuals. KYB (Know Your Business) applies to legal entities and includes verification of ownership structure, corporate control, and ultimate beneficial owners.
KYC procedures help identify risks, prevent the use of the financial system for unlawful activities, combat terrorist financing, and protect the financial system from asset manipulation.
Failure to comply with identification and verification requirements may result in administrative, financial, and criminal liability, as well as regulatory sanctions, including license revocation and termination of activities.
How we help
The law firm “Prikhodko & Partners” provides legal support for KYC/KYB processes, including:
development of identification and verification procedures;
adaptation of AML policies;
implementation of internal regulations;
legal integration of KYC into operational processes;
preparation for regulatory inspections;
audit of existing KYC procedures.
If you aim to ensure proper identification and verification procedures, minimize legal and reputational risks, and align KYC/KYB processes with AML/CFT and financial monitoring requirements, contact “Prikhodko & Partners” — and we will provide professional legal support at every stage.
Calculate the cost of services
1 question
Do you need identification and verification of individuals before transactions?
Yes
No
2 question
Do you need to verify beneficiaries (UBO)?
Yes
No
3 question
Are sanctions or PEP checks required?
Yes
No
4 question
Do you need to align KYC procedures with AML/CFT requirements?
Customer feedback on the department's work «Fintech»:
Average rating:
5/5|
Based on 2 reviews
5/5
I would like to thank Nazar for his efficient and professional assistance in unblocking my personal account in Trustee Plus. As a private investor and crypto trader, I found myself in a difficult situation due to the complete blocking of access to assets and the inability to make transactions.
Nazar analyzed the situation in detail, clearly explained the legal mechanisms for resolving the problem, and undertook full legal support. Thanks to his competent actions, as well as communication with the platform, access to the account and crypto assets was successfully restored.
5/5
Thank you Taras for your professional and effective assistance in unblocking a bank account in the EU. The situation was difficult and required a clear understanding of European banking procedures, but the lawyer competently built a strategy, prepared the necessary applications and brought the case to a successful outcome. I recommend it)
We work Monday - Friday from 9:30 to 18:00. If you leave a request after 18:00 on weekdays - we will contact you the next business day starting at 9:30.
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