Your Contact 2 - Know Your Customer Due Diligence€¦ · ue Diligence / KYC (Know Your D Customer)...

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Transcript of Your Contact 2 - Know Your Customer Due Diligence€¦ · ue Diligence / KYC (Know Your D Customer)...

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Your Contact ...............................2

What is KYC Israel? .....................3

Who Are Our Clients ..................3

Services We Offer .......................4

Our Information Sources ...........6

Frequently Asked Questions ....8

TABLE OF CONTENTS

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ABOUT AARONI started KYC Israel in 2010 to meet a growing demand for information from Israel. Research is my passion, especially when important business decisions depend on it. From 2000-2005 I studied Linguistics and Information Technology at the University of Illinois and went on to earn a master’s degree in Library and Information Science from the University of Pittsburgh. I was born and educated in the United States, and am now a dual US-Israel citizen. Israel has been my home since 2010, where I live with my wife and five children. My number one focus is on delivering accurate and timely information to our clients.

Aaron Huber, FounderPhone: +972-52-473-1062

Email: [email protected]

Websites: www.kycisrael.com www.israelbizreg.com

YOUR CONTACT

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KYC Israel supplies a variety of reports for due diligence and compliance purposes. We are in-country specialists focused on providing information on Israeli companies and individuals to clients around the world. KYC Israel was established in 2010 and started out with just a few clients. Today we have over 200 clients in more than 20 countries. Our goal is to provide our clients with information to support critical business decisions, and to meet their specific regulatory compliance requirements.

ABOUT

1. Global Due Diligence & Corporate Investigation Firms KYC Israel serves as the in-country subcontractor for larger due diligence firms operating on a global scale.

2. Banks & Financial Institutions KYC Israel provides reports on companies and individuals directly to companies in the banking and finance sector to assist with client on-boarding, and to screen for risks associated with current clients.

3. Law Firms We assist in research related to litigation involving Israeli companies and individuals, including asset tracing using public records.

4. Individual Investors When an individual is seeking to invest in an Israeli company or start-up, we provide background information on the company and founders to inform the decision-making process.

5. Employment Background Screening Firms KYC Israel provides criminal and civil litigation checks to assist employers before they make a hiring decision.

6. Stock Exchanges There are many Israeli companies issuing shares on foreign markets. KYC Israel provides due diligence research services to stock exchanges before they list the shares of an Israeli company.

ABOUT OUR CLIENTSKYC Israel serves a variety of clients worldwide.

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Asset SearchingAny asset that is secured with financing is registered by the Ministry of Justice in Israel. A search may be performed to obtain a list of assets that are currently secured with financing, as well as assets that were secured in the past. The most common types of assets that are revealed in these types of searches are real estate, automobiles, boats, airplanes, and other high value possessions.

Background ChecksA background check on an individual or company in Israel can be comprised of many different checks to get the big picture about a person’s reputation, corporate affiliations, and financial standing. A basic background check may only consist of a criminal record check or civil litigation search. A more complex check may involve searching all available public information on a corporate entity or person. Whatever your requirements are, KYC Israel can provide any level of background checks you need to make informed business decisions.

Bankruptcy Checks (Business & Personal)KYC Israel regularly researches bankruptcy histories for both individuals and companies. In Israel, all bankruptcies are a matter of public record. Currently the Israel national bankruptcy database – administered by the Israel Ministry of Justice includes all open bankruptcy cases – as well as cases that have been closed within the past seven years. In addition to basic information

about each bankruptcy case, detailed court documents about bankruptcy proceedings are available in most cases.

Company Profile ReportsA company profile report can give you an overview of a company’s history, business reputation, litigation history, media exposure, and more. A company profile report includes obtaining information from a wide variety of publicly available sources – many of which are published by the Israeli government. Most of the company profile reports delivered by KYC Israel cover financial records, litigation searches, and a review of media in both Hebrew and English. All the information that KYC Israel uses for their company profile reports comes from public sources. This includes government records published as part of the public record, as well as open source intelligence (OSINT) resources.

Company Director & Shareholder Reports

KYC Israel can perform a search and show all current directorships and shareholdings, and in many cases past directorships and shareholdings with company director and shareholder reports. We can confirm company director or shareholder status for any individual and provide the appointment and retirement dates for each director. Historical shareholder data is also available. If you need to know who the shareholders of a company were a decade ago – let us know and we’ll be able to provide this hard to find information.

From reports on a specific question about an individual subject to detailed reports on a company and all its management, KYC Israel offers a wide variety of services to meet your needs.

SERVICES WE OFFER

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Corporate Registry Extracts & Translation

A corporate registry extract provides the basis for many of our company reports. This document is published by the Israel Companies Authority and provides information on shareholders and directors, as well as basic company information such as addresses, name changes, and share capital structure.

Due Diligence / KYC (Know Your Customer) Research

KYC Israel can handle many types of Know Your Customer (KYC) requests. In most cases this means carrying out a criminal record check, bankruptcy check, media research, and director checks. If there is a high risk of terrorist financing or money laundering, you may choose to follow through with an in-depth KYC report. An in-depth KYC report will contain as much information as we are able to gather though public records as well as open source intelligence (OSINT) resources.

Litigation Search (Criminal & Civil)

In Israel most criminal and civil court records are publicly available; however, they can only be searched by party name in commercial databases. KYC Israel maintains several Israel court database subscriptions to carry out litigation searches. Detailed case information including names of parties, court dates, indictment details, and outcome of the case is available as public record in Israel.

Media & Reputation ChecksKYC Israel offers a media searching and screening service to keep an eye on your clients or competitors, so you don’t have to. Our resources include vast subscription databases that include newspaper and trade journals not published on the wider Internet. We can also search the millions of articles in archives available to us for hard to find facts or information that you need to run your business. Don’t leave your media searching to Google. The bulk of valuable information is hidden from the open Internet and only available via commercial subscription based services.

Real Estate RecordsIn Israel, most real estate records are registered in a national database. KYC Israel is experienced at searching for real estate records and mortgage information. All we require to perform a search is the address of a property. If you don’t have an address, we can usually find one that is associated with an individual or company to perform a real estate records search.

Site Visits and VerificationIf you need to verify the existence of a company with an on the ground physical visit, KYC Israel can help. We provide walk-by verification for businesses anywhere in Israel. This includes our observation of the business premises and of the surrounding area.

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Israel is a country that is blessed with a wide variety of information sources that cover regulatory, legal, and company information. The following is a partial list of some of the sources we use to give you an idea of the coverage available in Israel.

Israeli Corporations Authority The Israeli Corporations Authority (ICA) holds all

records related to private companies in Israel including reports on shareholders and directors of each company.

I srael Securities Authority The Israel Securities Authority (ISA) regulates publicly traded companies as well as investment advisors and investment companies in Israel.

State Comptroller of Israel The State Comptroller of Israel supervises and reviews the policies and operations of the government of the State of Israel. It is also the main source for researching political donations in Israel and to determine who is a Politically Exposed Person (PEP)

Israel Ministry of Justice The Israel Ministry of Justice maintains databases related to liens, property records, bankruptcy and more.

Bank of Israel The Bank of Israel (BOI) is the central bank of Israel. It is the main supervisor and regulatory authority over all banks in Israel and the financial system in general. In addition to researching regulatory actions via the Bank of Israel, we can also check the status of restricted bank accounts for any individual via the BOI database.

OUR INFORMATION SOURCES

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Nevo Nevo is a Hebrew language Israeli court record database containing over 4 million court documents about civil and criminal matters from all courts in Israel. KYC Israel maintains a subscription to this service to perform high level litigation research on any company or individual.

Dun & Bradstreet Israel D&B Israel is the local affiliate of the well-known and global Dun & Bradstreet brand. KYC Israel maintains several premium subscriptions to the Hebrew language D&B Israel database for both company and financial reports. We are also an authorized company to obtain consumer credit reports via D&B Israel and provide them to third parties.

Tel Aviv Stock Exchange For public companies the Tel Aviv Stock Exchange (TASE) is the place to go for detailed company information including financial statements, annual reports, lists of key executives and more.

Israel Ministry of Defense The Israel Ministry of Defense (MOD) is the governmental department responsible for defending the State of Israel from internal and external military threats. The MOD publishes a regularly updated database of individuals and groups associated with terrorism.

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1. How do I know what information is even available?

KYC Israel has a well-established network of sources. In addition, we know what type of information is (and isn’t) available. In all our reports we clearly describe our sources and explain any limitations that may exist.

2. How do I get enough information to start an investigation?

While it always helps to have the full details (such as name, ID number, address) of a company or individual before requesting a due diligence report, we can often start an investigation with just a name of a person or a company. The large amount of public information sources in Israel makes it possible to identify the specific people or companies for which you need information.

3. How can I get this information in English?Nearly all the source information used for our reports is in Hebrew. Our experienced team of researchers and translators know how to present information in English at the highest level.

When the need for information from Israel arises, there are many challenges to overcome.

FREQUENTLY ASKED QUESTIONS

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NOTES

www.kycisrael.com • www.israelbizreg.com