KYC, CDD & Beneficial Ownership

Customer, Counterparty & Ultimate Beneficial Owner Due Diligence

Effective financial crime compliance begins with understanding who is actually behind a customer, counterparty, transaction, or corporate structure.

Friling Law assists businesses with risk-based KYC, CDD and EDD procedures designed to identify customers, counterparties, beneficial owners, sources of funds, and potential financial crime risks.

Our work includes:

• Know Your Customer (KYC) procedures
• Customer Identification Programs
• Customer Due Diligence
• Enhanced Due Diligence
• Ultimate Beneficial Ownership (UBO) analysis
• Complex corporate ownership structures
• Source-of-funds analysis
• Source-of-wealth analysis
• Politically Exposed Persons (PEPs)
• High-risk customers and jurisdictions
• Adverse-media and reputational-risk reviews
• Sanctions and restricted-party screening
• Counterparty due diligence for international transactions

We also assist clients in preparing responses to banks and other financial institutions requesting additional KYC, UBO, source-of-funds, or transaction documentation.

AML & Financial Crime

Anti-Money Laundering, Financial Crime Compliance, Investigations & Enforcement

Friling Law advises U.S. and international businesses, financial institutions, fintech companies, payment providers, money services businesses, digital asset companies, investors, and individuals on U.S. anti-money laundering and financial crime laws.

Our practice combines AML/BSA compliance, FinCEN regulatory matters, KYC and beneficial ownership due diligence, financial investigations, cross-border payments, banking compliance, and OFAC sanctions. We assist clients in developing preventive compliance frameworks, responding to financial institutions and regulators, investigating potentially problematic transactions, remediating compliance deficiencies, and defending against regulatory and enforcement actions.

For international clients, we place particular emphasis on matters involving cross-border financial flows, U.S. dollar transactions, correspondent banking, high-risk jurisdictions, complex ownership structures, and the intersection between AML and U.S. economic sanctions.