Bermuda KYC services · Funds and financial institutions
We complete onboarding, CDD remediation and periodic reviews for Bermuda financial institutions. Our compliance reviewers work under your AML policy and return documented files, with the evidence and exceptions your team needs to make a decision.
Your approved policy · Qualified human review · Your team keeps approval
Managed KYC and CDD remediation
Engage us for a defined remediation project or recurring reviews. We agree the population, evidence requirements and escalation route before work begins.
01 · Customer onboarding
We check identity documents, trace ownership and control, and review screening results under your policy. Each case records the proposed risk assessment, supporting evidence and questions your team needs to resolve.
02 · KYC remediation
A subscription file has no evidence for source of funds. An ownership chain ends at an offshore company. We review the agreed population, document each gap and work the remediation, with missing evidence and escalations visible throughout.
03 · Periodic reviews
We refresh CDD records and screening, assess changes in ownership or activity, and document the outcome. Review dates follow your risk-based policy, with trigger-event reviews scoped when a change needs earlier attention.
Who we support in Bermuda
A fund investor, a corporate bank customer and a trust relationship need different evidence. We define the checks around the service your firm provides and the obligations it holds.
Investor onboarding, CDD remediation and periodic reviews. We agree which entity holds each obligation and distinguish investor files from due diligence on the fund and its appointed parties.
Individual and corporate customer reviews, including evidence of ownership, control and expected activity. The engagement defines which file checks we perform and which monitoring tasks remain with your team.
Reviews tailored to the legal arrangement and relevant parties. We apply the agreed sector-specific ownership and control checks, record trust roles and escalate structures the evidence does not explain.
BMA AML/ATF/CPF · KYC outsourcing
Bermuda’s framework distinguishes outsourcing from reliance on a third party. The amended Regulations expressly include countering proliferation financing (CPF). Your institution retains responsibility and needs oversight of the provider, access to evidence and a clear escalation route.
We work under the policy you approve and record the reasoning behind each review. Unresolved issues remain visible for your authorised team’s decision.
Check the Bermuda AML requirementsRead the BMA’s General Guidance and relevant sector annexes alongside current legislation. Our Bermuda AML compliance guide explains CDD, fund and administrator duties, outsourcing, records and audit scope. AgentKYZ is not endorsed by the BMA.
What you receive
Your approver can see the checks performed and the questions still open. A missing document remains an exception at handover.
Included in the file
An indexed file connecting the customer, relevant parties and ownership chain to the documents used in the review.
Included in the file
Sanctions, PEP and adverse-media checks with reviewed-match conclusions and unresolved concerns identified for escalation.
Included in the file
A proposed risk rating, source of funds and wealth evidence where required, and an exception log showing what still needs attention.
Included in the file
The reviewer’s conclusions and the work performed, organised for your authorised approver and retained audit trail.
The process
01 · Scope
Tell us the entity type, number of files and target date. We agree the policy, deliverables, access and price before you send customer documents.
02 · Work & review
Agents organise documents and run the first pass. Qualified compliance reviewers check the evidence and reasoning, then escalate unresolved or higher-risk cases.
03 · Handover
Receive reviewed files and an exception log. Your authorised team makes acceptance and escalation decisions. Recurring reviews follow the schedule you approve.
If your administrator already performs KYC, Shadow KYC file testing can provide a separately scoped review. Independence and reporting arrangements must be agreed; file testing alone does not replace the wider AML/ATF audit described in BMA guidance.
Questions
Scope, oversight and pricing for your Bermuda KYC work.
Scope your KYC backlogManaged customer onboarding, CDD remediation and periodic or trigger-event reviews for funds, administrators, banks, investment businesses, and trust and corporate service providers. We agree the legal entity, policy, evidence requirements and case population before starting.
Yes. We scope the investor population, available documents, risk methodology and deadline with your team. We then work the files and report missing evidence and exceptions. Due diligence on the fund or other appointed parties is identified separately in the scope.
We complete agreed CDD work under your policy and return human-reviewed evidence, risk assessments and exceptions. Those records support your institution’s due diligence and oversight. Your institution retains compliance responsibility, customer acceptance, high-risk approvals and suspicious activity reporting decisions. Your compliance and reporting officers keep their roles; the engagement is operational outsourcing, not statutory third-party reliance.
We scope checks for the legal form, regulated activity and your approved policy. Ownership percentages are only part of the assessment; control and relevant trust roles also matter. Corporate service provider business has specific threshold provisions, so we do not apply one generic 25% filter to every case.
A periodic file review is not a complete transaction-monitoring service. We agree the work and escalation route before starting. Ongoing monitoring, sanctions alert handling and reporting responsibilities must be assigned explicitly to your team or the relevant provider.
Shadow KYC tests files held by your administrator against your policy and reports evidence gaps and exceptions for remediation. These findings can support your board’s oversight and preparation for an independent AML audit. We agree independence and reporting arrangements before starting. The annual programme-wide audit covers wider policies, procedures and controls, so it requires a separate scope from file testing.
We quote per case based on the file population, ownership complexity, available evidence and scope. Bring your case count and target date. We confirm pricing, delivery, responsibility for missing documents and data-handling terms in writing before file transfer.
Discuss your files
Bring the case count, entity type and target date. We’ll confirm the scope, price and delivery schedule in writing.
Or send the case list to [email protected]