Big4 KYC checks

[JustAnotherNomad]

I'm working on a new project where I would like to get some guidance from a Big4 company to make sure it's all compliant.
They want to do some KYC checks before they even talk to me. What is a normal timeframe for that? Is it normal that that takes a long time? I'm not even sure what exactly they are checking.

 

[JohnnyDoe]

I have always found only clowns in the Big4. Better to hire a reputable smaller sized firm.

 

[JustAnotherNomad]

Tried some smaller firms as well, they just flat out didn't want to take the case.

 

[JohnnyDoe]

Tried some smaller firms as well, they just flat out didn't want to take the case.

Did you try a law firm? In which country is your project based?

 

[jafo]

I have always found only clowns in the Big4. Better to hire a reputable smaller sized firm.

#Bingo! OP is doing a wealth transfer from him to the BIG4...for the bragging rights!

I'm not even sure what exactly they are checking.

Neither do they! They are just engaged in the "fake it till you make it" mentality!

 

[Sols]

I'm working on a new project where I would like to get some guidance from a Big4 company to make sure it's all compliant.

Big 4 is almost never worth the money. You can get the same quality advice and assistance for less money and faster.

They want to do some KYC checks before they even talk to me. What is a normal timeframe for that? Is it normal that that takes a long time? I'm not even sure what exactly they are checking.

Client onboarding usually takes a couple of days. They are looking you up in Refinitiv/Worldcheck and other databases. The delay is usually just because they have a queue of clients to review. However, sometimes it's because they've found something that needs investigation.

 

[Marzio]

I'm working on a new project where I would like to get some guidance from a Big4 company to make sure it's all compliant.

Why do you need Big4 when we are here for you?

 

[JustAnotherNomad]

They are looking you up in Refinitiv/Worldcheck and other databases.

What kind of information would they contain? Can't imagine I'd be in any database, but they're taking a really long time.

 

[Sols]

What kind of information would they contain? Can't imagine I'd be in any database, but they're taking a really long time.

Anywhere your name may have appeared in public (news media, social media, public company register, phonebooks, PEP/sanctions lists) and some private databases (semi-public company registers, certain credit lists, semi-public population registers).

 

[JustAnotherNomad]

Thank you.

 

[jafo]

They are looking you up in Refinitiv/Worldcheck and other databases.

I am all for transparency...so...
Can we also have their info to look them up to make sure they are NOT pedophiles or have political affiliations we don't approve of or are engaged in businesses we disapprove of or belong to a religion we dislike?

Thank you.

Notice you can't and won't be allowed to do the same thing to them. This doesn't strike anyone else as unfair and hypocritical?

 

[Sols]

Can we also have their info to look them up to make sure they are NOT pedophiles or have political affiliations we don't approve of or are engaged in businesses we disapprove of or belong to a religion we dislike?

Just contact Refinitiv or someone like it and get a quote for using the service.

 

[jafo]

Just contact Refinitiv or someone like it and get a quote for using the service.

That's NOT what I meant.