Know Your Customer (KYC) including Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) standards

Overview

At QUORUS, we provide comprehensive legal support for the implementation and optimization of KYC procedures and due diligence processes. Our services help clients — from individuals to large corporate entities — meet regulatory expectations while building secure and transparent business relationships. With increasing scrutiny from financial regulators, robust KYC/CDD/EDD systems are essential to prevent exposure to financial crime, reputational damage, or regulatory penalties.

We assist our clients in structuring compliant KYC frameworks, assessing counterparties, and responding effectively to regulatory inquiries. Whether you’re onboarding new clients, entering into cross-border transactions, or navigating complex risk profiles, our legal team ensures that your approach to customer due diligence aligns with local and international requirements.

Key features

Assisting private and corporate clients in preparing their KYC dossiers to facilitate smooth account openings and maintenance of existing banking relationships.
Conducting KYC/CDD/EDD due diligence on prospective business relationships, acquisition targets, suppliers, agents, distributors or other corporate transactions to ensure compliance with regulatory requirements.
Conducting or advising on risk assessments for new clients, especially those with a higher risk of involvement in money laundering or financial crimes
Assisting in the review of KYC documentation, ensuring that client identification, source of funds, and business activities are properly documented
Representing clients in dealings with regulatory bodies concerning KYC compliance, including investigations or enforcement actions related to KYC deficiencies
Advising on risk mitigation strategies

How we can help

Reduced risk in account opening and onboarding
Compliance with regulatory and international standards
Early identification and mitigation of counterparty risks
Support in regulatory inquiries and inspections
Improved internal processes and compliance culture
Time and resource efficiency for your internal teams

Expertise and team

At QUORUS, our team brings together legal professionals and compliance specialists with a strong track record in financial regulation, risk management, and cross-border legal matters. With experience in Swiss, EU, CIS, and international frameworks, we offer practical, high-level support tailored to your specific business environment. We combine legal precision with regulatory insight to help clients build trust, reduce exposure, and operate in full alignment with evolving compliance standards.

Timur Karakashev

Senior Counsel, Head of Compliance Desk, Market Head Central Asia

Evgeny Zhilin

Partner

contact@quorus.ch +41 44 552 25 05

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