Gibbs Hybrid Anti-Money Laundering (AML) and Know Your Customer (KYC) programme teams, based in Luxembourg, London and Dublin, support major financial institutions across the globe.
Our KYC/AML practice helps financial institutions to reduce risk more effectively, improve their ability to meet regulatory commitments, and enable an efficient KYC process resolution on client accounts, helping them to reconvene core business activities and operations.
Gibbs Hybrid offers clients a range of end-to-end, interchangeable, Know Your Customer services that can be tailored to suit specific business needs. Whether it’s full-scale account migration with complete end-to end process design and management or just individual services to complement an organisation’s mature AML Programme, we have the financial market and regulatory experience to make the difference.
Our experience spans private banking, wealth management and fund-specific operations, ensuring that the relevant and appropriate level of due diligence is performed according to the high standards of the Industry. Covering the full suite of regulatory steps such as origin of the funds, wealth factor, ultimate beneficiary (UBO) dilution processes, complex entity analysis (Alternative funds, Partnerships, Unit Trusts, SPVs…), we correctly analyse the risk assessment category with maximum precision to capture all the potential risk elements.
Read our latest case study about how we helped a custodian and investment services bank to remediate their anti-money laundering (KYC) entity files for its investment fund clients (made up of mainly UCITS & AIFs which include SPVs, Trusts and Complex entity Structures) to meet a regulatory deadline set by the CSSF.
The Gibbs Hybrid KYC Solution helps our clients define and optimise processes and tools whilst providing highly trained, accredited and multilingual teams, based full-time in Luxembourg with operations in Dublin and London. We have an additional centre in Gdansk, Poland, which is the hub for our market intelligence and outsourcing units.
Our financial services expertise is augmented by our Project Management as a Service (PMaaS) capability. This combination is seamless and unique, giving clients the option of end-to-end comprehensive solutions through a single source.
Gibbs Hybrid has a specific high calibre unit (Assessment & Advisory) to support our clients’ internal departments with sensitive and high-risk phases. We provide analysis of wider AML risks across in the portfolio or a redefinition of the Risk Matrix Calculation. We are also working with several institutions on their strategy to manage the uncertainty around Brexit. While the UK has a policy of implementing EU regulations to the fullest – GDPR is a recent example – the deeper complexities lie in potential disruption to EU/UK trade agreements, taxation and the issues around the free flow of workers between countries. From an AML/CTF/KYC perspective, our team can manage the subsequent migration of current UK records to new jurisdictions in, for example, Dublin or Luxembourg.
Contact us to discuss how we can support your organisation through a broad range of KYC projects.
Javier Basarte Acin
Principal KYC Consultant Partner
T: +352 691 958278
Programme Solutions Manager
T: +44 777 282 5645