General KYC
What is KYC a component of?
Who is the customer for KYC-as-a-service?
Fund administration customers
Who is the customer of KYC for Carta compliance?
Carta
Suspicious Activity Reporting (SAR)/ Suspicious Transaction Reporting (STR) is part of what KYC component?
Reporting and compliance
Who is Carta's Director of Compliance?
Darrell
What does KYC stand for?
Know your customer
Who goes through KYC for KYC-as-a-service?
Investors (LPs) and/or Investments (Portfolio companies)
What FA customers go through KYC Carta compliance?
Fund administration entities (Funds, SPVs), General partners (GPs)
What risk level cannot be a customer at Carta?
Prohibited
How many compliances teams do we have at Carta? hint: compliance teams service different jurisdictions
KYC regulations are relevant to almost all institutions that _____
Deal with money
What is the name of the report KYC-as-a-service customers get from Carta?
Customer due diligence report (CDD)
What Corp customers go through KYC for the KYC for Carta compliance product?
Launch corporations, stakeholders, tender offer buyers and sellers
When would the next review period be for a medium risk customer?
2 years
Name the entity types supported in KYC for all non-US jurisdictions
Individual, Trust, Financial institution, Limited partnership, Company, Publicly traded entity
What are the 3 general steps to KYC?
1. Verifying identity
2. Reviewing against lists and media
3. Creating a risk profile
The jurisdiction regulations used for LP KYC is based off of ____
Fund jurisdiction
What FA Carta customer does not always go through KYC?
Investors (LPs)
What key KYC component includes collecting and verifying basic customer information?
Customer identification
What is the name of the third-party Carta uses for connecting to vendors for evaluation reviews?
Alloy
Approximately how much money is laundered through the US?
$300 billion
KYC checks statuses, notes, links to relevant websites (if applicable)
Which customer only needs sanctions screening for Carta compliance?
Stakeholders
How often does ongoing screening occur?
Every 24 hours
Name the 6 KYC checks
PEP, Sanctions, Adverse media, Enforcements, Identity verification, Document verification