Key Competencies & Projects

Professional expertise in legal compliance, risk management, and regulatory frameworks

Key Competencies

Legal Advisory

Providing accurate legal advice to ensure business operations align with the law.

Contract Management

Drafting, reviewing, and negotiating commercial agreements, NDAs, employment contracts, and other legal documents.

Regulatory Compliance

Ensuring adherence to regulatory standards, particularly in sectors such as banking, insurance, and technology.

Corporate Governance

Advising on best practices for governance structures and reporting obligations.

Risk Management

Identifying and mitigating legal and compliance risks.

Data Protection & Privacy

Advising on data protection issues and compliance with laws such as the GDPR.

Key Projects

Corporate Compliance Overhaul

Led the legal and compliance team in reviewing and overhauling corporate compliance policies, resulting in a 15% reduction in regulatory penalties and improved operational efficiency.

Compliance Policy Review Risk Reduction

Data Protection and Privacy Initiative

Spearheaded the implementation of a comprehensive data protection policy for a financial services client, ensuring compliance with NDPR and GDPR, and reducing risk exposure related to data breaches.

Data Protection NDPR GDPR Privacy

Legal Research & Analysis

Contract Drafting & Negotiation

Regulatory Compliance Audits

Corporate Governance

Anti-Money Laundering (AML)

Data Privacy (GDPR, NDPR)

Secured Onboarding Process

Risk Management: Due Diligence

Customer Due Diligence

Customer due diligence is collecting information on a customer and evaluating the risks imposed on the business.

The process involves Identifying the parties with control over the customer, particularly the ultimate beneficial owner, and verifying their identities through documentation such as passports and utility bills for individuals and constitutional documents for companies.

YOU MAY HEAR THIS PROCESS BEING REFERRED TO AS:

KYC = Know Your Customer
KYB = Know Your Business
KYI = Know Your Investors
AML = Anti-Money Laundering
ID&V = Identification and Verification

Checklist for Know Your Customer (B2C):

  • Name
  • Address
  • Contact details
  • Proof of identity
  • Proof of address
  • Additional government or state-issued IDs

Checklist for Know Your Business (B2B):

  • Registered company name
  • Registered company address
  • Nature of business
  • Type and status of the business
  • Name of bank
  • Company reference or registration number/ VAT number
  • Company Branch
  • Account number
  • Confirmation of the identity of directors
  • Annual audited report/ statements/ financial accounts
  • Ownership structure chart of the company
  • Certificate of memorandum/ incorporation
  • Articles of association

Anti-Money Laundering (AML)

Money Laundering is the process of making large amounts of money earned from illegal activities such as drug trafficking appear legitimate.

The Three Main Steps to Money Laundering:

1. Placement

Placing illegal (dirty) money into the financial system, usually through a bank deposit.

2. Layering

Carrying out several transactions and accounting tricks to make it more challenging to identify the source.

3. Integration

Integrating the illegal money back into the financial system as 'legal (clean) money by withdrawing it from bank accounts to spend on usual day-to-day things.

Comprehensive KYC/AML Checklist

KNOW YOUR CUSTOMER (KYC):

  • Customer Identification
  • Beneficial Ownership
  • Risk Profiling
  • Customer Due Diligence (CDD)
  • Sanctions, PEP, Adverse Media Screening

ANTI-MONEY LAUNDERING (AML):

  • Transaction Monitoring
  • Reporting Suspicious Activities
  • Risk-Based Approach

RECORD-KEEPING AND COMPLIANCE:

  • Record Retention
  • Internal Controls
  • Independent Audits

ONGOING MONITORING:

  • Ongoing Due Diligence
  • Regulatory Updates

Compliance Tools Integration

Integrating tools for AML (Anti-Money Laundering) checks, business verification, and identity validation is crucial for legal and compliance processes on a website, particularly in sectors such as finance, fintech, or any business that deals with financial transactions or sensitive data.

1. Retool

Retool is a low-code platform that allows you to quickly build custom internal tools. It's great for creating dashboards and integrating multiple data sources without heavy coding. It supports API integrations with databases, spreadsheets, and third-party services.

Usage in Compliance:

  • Create internal dashboards that aggregate AML data from various sources
  • Connect to existing databases or external APIs for real-time data monitoring
  • Set up workflows to flag suspicious activity or alert your team

2. Aiprise

Aiprise is a platform that specializes in automating KYC, AML, and onboarding processes. It uses AI and machine learning to verify and analyze data, ensuring that businesses are compliant with financial regulations.

Usage in Compliance:

  • Streamline onboarding new customers with real-time identity verification
  • Perform AML checks and screening for PEPs and sanctions lists
  • Check document authenticity and flag suspicious behavior

3. CBN Portal

CBN (Central Bank of Nigeria) Portal likely refers to the official platform of Nigeria's Central Bank, which provides a range of services for financial institutions, including access to financial regulations, reports, and potentially customer information related to regulatory checks.

Usage in Compliance:

  • Use for regulatory reporting and checking customer data
  • Verify if businesses or individuals are on the CBN's watchlist
  • Ensure adherence to local Nigerian financial laws

4. Metabase

Metabase is an open-source business intelligence tool that helps you easily visualize and analyze data from various sources. It's typically used for querying databases and generating reports without requiring extensive technical skills.

Usage in Compliance:

  • Generate reports and dashboards tracking AML-related metrics
  • Monitor suspicious transactions and flagged clients
  • Analyze customer behavior and red flags

5. Metamap

Metamap provides identity verification and compliance solutions using AI to process and validate government-issued IDs, documents, and biometric data. It helps with the automatic verification of customers across multiple countries.

Usage in Compliance:

  • Identity verification through document checks and facial recognition
  • Screen against global watchlists and sanctions lists
  • Automate identity verification process

6. Gateforce

Gateforce offers fraud detection and prevention services, including tools for KYC, AML, and real-time transaction monitoring. It is designed to help businesses comply with global financial regulations by identifying fraudulent activities and mitigating risks.

Usage in Compliance:

  • Assess customer risk against PEP lists and sanctions lists
  • Monitor transactions for suspicious activity
  • Verify customer identities during onboarding

7. Kompany

Kompany offers a global business verification service that provides access to real-time, trusted business data. It helps to verify the legitimacy and legal status of companies worldwide.

Usage in Compliance:

  • Verify corporate structure, ownership, and financial status
  • Ensure business legitimacy and compliance with local laws
  • Check company registration and legal status

How to Integrate These Tools on Your Website

  1. Determine Your Needs: Assess the types of verification your business needs (KYC, AML, identity verification) and identify the countries or regions your business operates in.
  2. Select the Right Tools: Based on your needs, select the tools that offer the best API or integration capabilities for your website.
  3. API Integration: Integrate these tools into your website's backend to automate the verification process.
  4. User Interface: Ensure your UI is intuitive and provides feedback during the verification process.
  5. Compliance Reporting: Set up automated alerts for your legal and compliance teams whenever suspicious activities are detected.
  6. Data Security: Implement robust security protocols to protect sensitive customer and business data.

Integrating these tools into your website will help streamline compliance processes, reduce the risk of financial crimes, and improve the user experience by automating background checks and verification.