Customer & counterparty screening

KYC verification services

Know who you're really onboarding.

Veris supports customer and counterparty screening through KYC verification, sanctions screening, adverse media reviews, politically exposed person (PEP) checks, and enhanced due diligence — so you onboard only who you mean to.

Discuss Your Requirements
FILE — KYC-0192
Identity document
Financial review

Government IDVerified
Sanctions & watchlistsClear
Political exposureFlagged
KYC Verification Services in Singapore | Veris
Why KYC matters

A strategic protection tool, not just a checkbox

A strong Know Your Customer (KYC) process is essential for any organisation that handles financial transactions, sensitive information, or customer onboarding. It helps you accurately identify and verify customers, reducing the risk of fraud, impersonation, money laundering and financial crime. By understanding who your customers truly are, you safeguard your operations and strengthen long-term trust.

KYC is more than a regulatory requirement — it is a strategic protection tool. Businesses across finance, healthcare, telecommunications and digital services rely on robust KYC checks to ensure compliance, prevent operational risks and avoid reputational damage. With precise verification processes, you can make informed decisions and onboard only credible, trustworthy customers.

Beyond compliance

Verifying identities, analysing customer backgrounds and ensuring transparency doesn't just satisfy regulators — it protects your company from legal penalties and creates a safer environment for transactions and onboarding across banking, healthcare, fintech and insurance.

What KYC involves

Two layers of verification, matched to risk

Every customer is run through a standard set of checks. Higher-risk profiles are taken further, with verification that goes beyond the documents a customer hands you.

Standard

Criminal records check

Identify any past criminal activity to assess customer risk accurately.

Standard

Watchlist screening

Review global sanctions and watchlists to detect restricted or high-risk individuals.

Standard

Financial review

Evaluate past financial patterns to determine credibility and reliability.

Enhanced

Government ID validation

Authenticate official identity documents to confirm genuine, compliant personal details.

Enhanced

Identity cross-check

Verify residential information by matching declared details with trusted external databases.

Enhanced

Digital footprint confirmation

Validate online identity markers to ensure the customer aligns with verified data.

Benefits of strong KYC

What a robust process gets you

A robust KYC process helps you reduce fraud, strengthen compliance and build long-term trust — while proactively identifying risk before it becomes a problem.

  • Reduced exposure to fraud and impersonation
  • Stronger compliance with local and international regulation
  • Proactive detection of suspicious activity
  • Faster, better-informed onboarding decisions
  • Improved customer credibility assessments
  • Enhanced overall operational security
  • Safer handling of sensitive customer data
  • A reputation for integrity, accountability and compliance
Who relies on this

Built for regulated, high-trust sectors

Banking & finance

Onboarding under regulatory scrutiny

Customer and counterparty screening that keeps pace with AML and financial-crime obligations.

Healthcare

Protecting sensitive records

Verified identities before access is granted to patient data or clinical systems.

Telecommunications

Reducing SIM & account fraud

Identity checks that catch impersonation at the point of account creation, not after.

Digital services

Trust at the point of signup

Onboarding checks sized to the risk of the account being opened, not a one-size-fits-all form.

How an engagement works

A process matched to your risk

01

Agree the policy

We align on your risk appetite, regulatory obligations and which checks apply to which customers.

02

Standard checks

Every customer is screened against the standard set: identity, sanctions and watchlists, and other agreed checks.

03

Enhanced checks

Higher-risk customers, such as PEPs or complex ownership, receive enhanced due diligence beyond the documents provided.

04

Report and refresh

Clear results for your onboarding decision, and re-screening on a schedule or when risk changes.

Frequently asked questions

What clients ask before engaging

What is the difference between KYC and enhanced due diligence?+

KYC is the standard identification and screening every customer goes through. Enhanced due diligence goes further for higher-risk customers, such as politically exposed persons or complex ownership structures.

Do you screen for sanctions and politically exposed persons?+

Yes. Sanctions and watchlist screening and PEP checks are part of our KYC and enhanced due diligence work.

How often should customers be re-screened?+

On a risk-based schedule, and whenever something changes, such as new ownership, new jurisdictions or adverse news. Sanctions lists change often.

Does outsourcing KYC checks change our regulatory responsibility?+

No. Regulated firms remain responsible for their own compliance. Our checks support your process and decisions.

Which countries do you cover?+

Singapore and Indonesia, with checks across Southeast Asia and other jurisdictions as needed.

Related services

Often part of a bigger picture

Clients who rely on Veris for KYC also engage us when a customer or counterparty needs a deeper look, or when the relationship in question is commercial rather than individual.

Ready to make smarter, safer decisions?

Get clear insights, verified data, and trusted risk intelligence tailored for Southeast Asia.

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