Since integrating the KYC Compliance Dashboard, DLA Piper Africa, Namibia has experienced marked improvements in their KYC compliance processes. The software’s precise data collection and screening capabilities have streamlined operations. Secretaries can now complete client onboarding more efficiently, and client feedback on using the online link has been overwhelmingly positive, resulting in more complete and accurate client information.

As a stakeholder in the financial industry, we are committed to supporting Namibia’s efforts in strengthening its AML/CFT regime. Our KYC compliance software is designed to help financial institutions and other obligated entities efficiently and effectively meet their due diligence obligations.

Family members are individuals who are related to a PIP either directly or through marriage or similar (civil) forms of partnership. Family members of a PIP include the following: (a) a spouse or partner of the PIP. Spouse means by civil or customary marriage concluded in Namibia or elsewhere. On the other hand, ‘partner’ means by civil partnership in Namibia or elsewhere, or in a cohabitating relationship; (b) children of the PIP and their spouses or partners. ‘Children’ means both biological and lawfully adopted sons and daughters, or stepsons and
stepdaughters (of any age); and (c) parents of the PIP. ‘Parent’ means the biological or adoptive mother or father, stepfather or stepmother.

The impact of our dashboard on Evolve’s daily operations was immediate and significant. Key features like efficient data management and streamlined record-keeping transformed compliance from a daunting task to a manageable one, resulting in considerable time savings and enhanced operational efficiency.