KYC for Private Investment Vehicles (Professional Education)

Implement KYC processes for private and alternative investment vehicles, including token hedge funds, private equity, and VC funds, to support a comprehensive financial crime compliance program and client onboarding.

Learn to perform your own KYC and client onboarding for hedge funds, private equity and other alternative investments, reducing reliance on external vendors and equipping you to train others.

Explore the fund administrator's role and onboarding for individuals, trusts, partnerships and limited partnerships, limited partnership agreements, and LLC structures, with emphasis on KYC, beneficial ownership, and sanction screening.

A fund administrator protects investors by providing neutral net asset value calculations and handling KYC onboarding, sanctions screening, and risk assessment for private investment funds.

Onboard individuals by collecting photo ID, bank statements, proof of address, and tax forms to meet KYC requirements, ensuring the legal name and address match.

Use active photo IDs for onboarding, prioritizing passports and driver’s licenses, and verify expiration, birth place, and potential ID numbers or addresses as required.

Learn how to verify a bank account by examining the legal name, address, and account number on official bank letterhead, demonstrating KYC due diligence and a verified person.

Explain proof of residence through utility bills that display legal name and address, verifying the person or company behind the account, with examples like Verizon, mobile, gas, or water bills.

Identify the required tax forms based on investor status, using a social security number or W-9 for US residents and appropriate forms for overseas clients, with crc verification later.

Review the W-9 basics for KYC, select entity type, provide the correct TIN or SSN, and ensure the form is signed and dated.

Clarify when to use w-8 ben or w-9 for private investments, and explain completing tax identifiers, birth date, signatures, and certification and updated treaty requirements.

Explains the w8-ben-e entity version for non-US entities, detailing entity types, useful fields for FATCA and KYC onboarding, and treaty considerations.

Explore how trusts function in private investments, including key documents like the primary trust deed, structured charts, beneficiary and trustee identification, proof of residence and account, and authorized signatures.

Describe KYC for partnerships and limited partners, including registration and LPA copies, partnership agreements, and KYC for individuals and entities with ID, proof of address, proof of account, and signatories.

Learn how to use Delaware-based LLCs for private investment vehicles, and master end-to-end KYC steps to verify ultimate beneficial ownership across multi-entity structures.

Identify any natural person owning 10% or more across the ownership chain under FinCEN beneficial ownership rules for private investment vehicles, and onboard them with primary id and residency proof.

Learn name screening as the next step in kyc for private investment vehicles, using vendor databases to distinguish true and false matches and identify negative news and reputational risk.

Use vendor sanctions checks and the built in algorithm to screen investors, avoiding onboarding any sanctioned entities, as shown by a true match example involving a North Korea investor.

Explore how AML and KYC questionnaires accompany subscriptions, detailing identification data, address, citizenship, and source of funds and wealth, with evolving reporting requirements.

Learn to perform KYC on individuals within trust partnerships and mid liability companies for private investments such as hedge funds and private equity.