Lexon Incorporations: Corporate, accounting, trust
Lexon Incorporations: Corporate, accounting, trust
Lexon: Due Diligence and KYC

The matters of Due Diligence and KYC ("Know Your Client") are relevant to any entrepreneur but have particular importance in the areas of finance, law and consulting.

Due Diligence is a compilation of measures aimed at mitigating the risk in cooperation with the counterparty. In case of financial, corporate and legal services, these matters refer to the cooperation with the client. They are an integral part of work for service providers operating in the above business areas.

KYC ("Know Your Client") is a compilation of measures taken by professional market participants, including the trust and corporate service providers, in order to identify the actual client who uses their services.

The above regulations are currently effective in all developed and progressive jurisdictions around the world.

The strict compliance with the above mentioned standards is essentially also in the interest of the client, as it enables him to be confident of his relationship with the relevant consulting, law, financial or banking organisation.

The list of preconditions for compliance with Due Diligence guidelines, depending on specific regulations of the particular jurisdiction where the client proposes to operate, may vary slightly. Generally the requirements for the documentation and information to be provided in order to comply with the above standards are similar in almost every country.

The basic documents for compliance with Due Diligence and KYC provisions in most jurisdictions are:

In addition to the above essential due diligence documents the regulations of a particular jurisdiction or organisation may require additional documents such as:

http://lexcorp.com/en/lexon/kyc/ - Lexon: Due Diligence and KYC

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