KYC & BOV Verification
Beneficial-owner mapping, PEP screening, and adverse-media checks to satisfy your bank, auditor, and compliance committee.
Banks correspondent to Iranian institutions, European auditors, and your own internal compliance team all expect a documented KYC file before signing off on a transaction. We build that file: from corporate registry trails to ultimate beneficial owners, with PEP and adverse-media screening on every individual identified.
What’s Included
Corporate Trail
Walk the ownership chain from operating company up to natural-person UBOs.
- Registry extracts
- Shareholder agreements
- Trust & nominee review
- Cross-border mapping
- Visual ownership chart
UBO Identification
Identify every natural person owning or controlling 10%+ of the target.
- ID verification
- Address verification
- Source-of-wealth notes
- Control rights review
- Documentary evidence
PEP Screening
Check every principal against politically-exposed-person databases.
- Iranian PEP lists
- International PEP lists
- Family & close associates
- Historic exposure
- Periodic re-screen
Sanctions Screening
OFAC, EU, UK, UN, and sectoral lists for the company and every UBO.
- SDN list
- EU consolidated
- UK OFSI
- UN Security Council
- 50% rule analysis
Adverse Media
Structured open-source research in Persian, English, and Arabic.
- Litigation history
- Regulatory actions
- Press coverage
- Social media review
- Source documentation
KYC File Production
Bank-ready file in the format your correspondent or auditor expects.
- Wolfsberg-aligned format
- Source documents
- Risk rating
- Refresh schedule
- Custodian copy
How We Engage
Scope Definition
Identify the legal entities and individuals in scope.
Documentary Collection
Gather registry, ID, and address documents for each principal.
Database Screening
Run all parties through PEP, sanctions, and adverse-media databases.
Risk Rating
Apply a structured risk score and document mitigating factors.
Periodic Refresh
Schedule annual or trigger-based refreshes for ongoing relationships.
Build a Bank-Ready KYC File
Give your compliance committee and correspondent bank the documentation they need to clear the relationship.
A Wolfsberg-aligned KYC file built from primary Iranian registries
Correspondent banks, auditors, and compliance committees all want the same artefact: documented UBO chains, multi-list screening evidence, and a refresh schedule. We build that file from primary records.
What you receive
Engagement timeline
Packages & indicative fees
Single entity, ≤3 UBOs, no complex structure.
- Registry pull
- Sanctions screening
- PEP check
- 8-page file
Group structure with multi-jurisdictional layers.
- Full UBO trace
- 50% rule calc
- Adverse-media review
- Bank-acceptable file
- Annual refresh
Bulk KYC for portfolio investors or banks.
- Batched processing
- Volume pricing
- API delivery
- Quarterly refresh
- Dedicated analyst
Fees are indicative ranges for typical scopes. Final proposal is fixed after a scoping call.
Mini case study
Challenge
Re-paper 23 Iranian client files to the bank's 2025 Wolfsberg-aligned template within 60 days.
Outcome
23 files completed, 21 accepted on first review and 2 cleared after minor remediation. Relationship retained without single-name exit.
Frequently asked questions
A documented file your compliance committee will accept
European correspondent banks, Big-4 auditors, and internal compliance teams all require the same artefact: a Wolfsberg-aligned KYC file with documented UBO chains, sanctions screening evidence, and a refresh schedule. We build that file from primary Iranian records, not third-party data aggregators.
Primary registry sourcing
UBO chains are traced through the Iranian Companies Registration Office, not commercial databases — so the documentary evidence is admissible at your bank.
Multi-list screening
OFAC SDN, EU consolidated, UK OFSI, UN Security Council, and major sectoral lists are all run on every UBO with timestamped evidence.
Refresh discipline
Every file ships with a refresh calendar and trigger events (ownership change, director change, sanctions update) so the relationship stays clean.
Frequently asked questions
How do you handle the 50% rule under OFAC?+
We compute aggregate ownership across all sanctioned persons at every layer of the structure and flag any entity that crosses the 50% threshold, with the calculation shown explicitly.
Can you screen Persian-language adverse media?+
Yes. Our analysts read Persian, English, and Arabic and structure findings with source links, publication date, and relevance score.
Will my bank accept your file?+
Major correspondent banks have accepted our format on multiple recent relationships. We will pre-share the template with your relationship manager before kickoff to confirm fit.
What if a UBO refuses to share ID?+
We document the gap, escalate to the principal, and offer a structured workaround (e.g. notarised director attestation) where bank policy allows. We will not fabricate documentary evidence.