KYC Due Diligence Services

Molfar Intelligence Firm’s KYC solutions include the analysis of social connections, legal cases, and public statements of a specific person or company. We examine any factors that may impact the reputation of your firm or candidate in the future. We conduct both basic KYC due diligence checks and comprehensive advanced screenings to identify hidden risks.

We deliver clear conclusions that help you make an informed decision about whether to engage with a person or not.

As a result, you’ll get a personalized report with clear findings.

Understanding KYC Due Diligence

Our KYC due diligence services focus on digging up identity information that would benefit your risk assessment procedures. Companies require KYC to prevent fraud, money laundering, financing terrorism or sketchy companies, and being involved in other financial crimes. You can uncover the truth about the clients on the early stages of cooperation using KYC screening solutions. Hence, the stakes are lower for you to exit a deal if negative facts are revealed. 

Analysts at Molfar Intelligence Firm use only legal sources and perform in-depth investigations to provide accurate and reliable information. We use open resources to gather information that don’t violate the rights of the client. 

KYC Checks for Risk Assessment

The main perk of the KYC check service is the ability to avoid risks associated with partnering with an untrustworthy person. We can uncover hidden affiliations, legal disputes, or reputational scandals of the individual. Based on the KYC due diligence findings you can evaluate the possible consequences of establishing business relationships with a customer. Hence, this procedure allows you to weigh the pros and cons rather than make decisions based on superficial data. 

The USE of KYC for Compliance 

In some industries like government sector and finance it is mandatory to implement KYC solutions. That’s how companies meat requirements of the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws. Otherwise, a firm can suffer from legal penalties, fines, reputational hits, and even criminal charges. 

KYC Screening to Save Up

Another benefit of investing in Know Your Customer due diligence services is the ability to cut client onboarding costs. If you identify non-compliant people early on, the company will not waste money on establishing relations with high-risk individuals. It can be one of the ways to cut operational expenses and save corporate resources. 

Benefits of Molfar KYC Screening Services

See Related Cases

Read a short case overview to discover how our services managed to benefit Molfar’s past clients that requested KYC due diligence services.

Energy Sector Case 

Request: Conduct a KYC screening of 10 energy equipment suppliers. The investigation was commissioned by an energy company developing and operating renewable energy projects in the EU and LATAM regions. The company generates over 2.5 TWh of clean energy annually, reducing CO₂ emissions by 1.8 million tons and providing investors with an ROI of 14%.

Actions Taken: Performed both standard and enhanced KYC assessments, including company profile reviews, sanctions list screening, identification of connections to politically exposed persons (PEPs), and media reputation analysis.

Findings:

• 7 out of 10 companies were either under sanctions or linked to PEPs.
• Negative public reputation in the media.

Outcome: The client decided not to proceed with cooperation and avoided the risk of financial monitoring.