Law firms and accounting firms guide businesses on crucial decisions and need official, updated and unbiased information to base its recommendations and extend impactful business consultancy for their clients.
There are strict regulation, policies and industry practices governing such professional service providers. Compliance check at customer onboarding stage is key to avoid regulatory infringement and reputational risks. BizInsights provide daily updated information from the Singapore company registry (ACRA) and access similar official sources to serve the needs of all professional service providers.
Both law and accounting firms need to perform KYC checks, conflict of interest and other checks before accepting any client assignment.
To be effective in such KYC compliance and CDD checks, they require reliable first party and counterparty assessment with corporate linkages information.