The KYC process is an essential part of regulation and compliance, particularly for firms in the legal and financial sectors, that verifies the identity of clients. It is an essential tool in the prevention of illegal activities such as fraud, tax evasion, money laundering or the financing of terrorism.
KYC procedures help to ensure our operations are carried out with transparency and comply with the recognised legal codes of conduct.
Businesses such as Barings Law must collect and verify essential information about their customers, including their full name and address, and their date of birth via government-issued documents.
Our KYC process is General Data Protection Regulation (GDPR) compliant and we use customer data only for authorised purposes. Your data is protected from breaches and other cyber-attacks as we have robust security protocols in place.
