KYC
When do I need to submit Engaging Party KYC Request?
When engaging with new clients or continuance clients or there are major changes in the clients (shareholder/management) and adverse news
What are the pre-engagement processes that must be completed by the Engagement Team prior to commencing any client work
Sentinel, ICC, Audit Client Check (for Indonesian entity only), KYC, CRA, ERA, EL
If the client stated that the tender letters format in RFP you received from them must be fully accepted, what are the next steps you need to take?
Liaise immediately with the Legal team for legal review and assessment and submit to KSA contract system
What is the Definition of UBO type A?
An individual who effectively owns or controls (whether through direct or indirect ownership or control) 25% or more of the shares or total voting rights
What are the pre-engagement processes that must be completed by the Engagement Team when KSA is acting as a participating firm?
Sentinel (obtain the Sentinel report from Originating Firm), ICC, Audit Client Check (for Indonesian entity only), submit QMS request to obtain KSA RM approval for risk exception due to not completing the Client Evaluation, ERA, MFE Schedule
What do you call the terms & conditions attached in the EL body template for KSA?
GTCB or General Terms and Conditions of Business
PT Semangat XYZ is 98% owned by PT Sejahtera ABC Tbk.
Director: Andra Susanti
Commissioner: Beni Susanto
PT Sejahtera ABC Tbk is listed on Indonesia Stock Exchange (Ticker: SABC) in Indonesia, a FATF member country.
PT Sejahtera ABC is owned by Eja Saputra (51%), Eka Nugraha (25%), and Public (24%)
Please identify the parties that need to be screened?
PT Semangat XYZ, Andra Susanti, Beni Susanto, and PT Sejahtera ABC
What are the procedures that must be completed by the Engagement Team to onboard a third-party subcontractor?
Sentinel, ICC, Audit Client Check (for Indonesian entity only), KYC, Information Pack, Third Party Ethics & Independence Confirmation, Third Party Evaluation Form, submit QMS request to obtain RMP approval to the Third Party Evaluation From, ERA, Subcontractor Agreement.
What is the maximum cap of liability and indemnity permissible under KSA Legal & Risk Management policy?
1 time to maximum 3 times