Client Onboarding: your ultimate resource guide

Client Onboarding Empowering Your Path to Seamless Integration

KYC Compliance Blueprint

Know Your Customer | Empower your business with expert KYC guidance. Unlock proven strategies for robust identity verification, risk mitigation, and seamless regulatory adherence.

Client Evaluation

Due Diligence | Transition prospects into secure, compliant partners through clear acceptance policies, stringent due diligence, proactive transaction monitoring, and advanced EDD solutions.

Buyer Eligibility Checklist

Buyer Screening | Discover the key criteria that define a qualified buyer. Explore essential terms, pre-qualifications, and expectations to ensure a seamless and informed partnership.

Vendor Qualification Guide

Verify Requirements | Discover the key criteria that define our trusted sellers and suppliers. Learn what we buy, review our terms, and meet our pre-qualification standards to build a successful partnership.

Strategic Partnership with Steencore

Join Strategic Alliance | Ignite growth with Steencore's forward-thinking alliances. Unlock new opportunities, embrace collaborative innovation, and set the stage for lasting success.

Frequently Asked Questions

Discipline, Transparency, Execution

Why does Steencore require compliance documentation?

Steencore operates across multiple jurisdictions and maintains strict regulatory standards. Compliance ensures lawful trade execution, financial transparency, and protection for all counterparties.

What regulatory standards guide Steencore’s compliance framework?

Our framework aligns with international AML regulations, KYC protocols, sanctions screening requirements (OFAC, EU, UK, UN), PEP screening, and responsible sourcing principles consistent with OECD guidance.

What documents are required during onboarding?

Corporate counterparties are typically required to provide:

Certificate of Incorporation
Articles of Association
Director and shareholder registers
UBO declaration (≥25% ownership or control)
Valid identification for UBOs
Proof of address
Corporate bank confirmation

Additional documentation may be requested depending on jurisdiction and transaction complexity.

What is UBO verification and why is it required?

Ultimate Beneficial Owner (UBO) verification ensures transparency of ownership and control. This prevents indirect participation by sanctioned or restricted parties and fulfills international AML obligations.

What is KYC and why is it necessary?

Know Your Customer (KYC) procedures verify identity, ownership structure, and legitimacy. This mitigates financial crime risk and protects banking and insurance channels.

Does Steencore conduct sanctions and PEP screening?

Yes. All counterparties are screened against global sanctions lists, PEP databases, and adverse media sources in line with international regulatory standards.

How long does the onboarding process take?

Standard review: typically 3–7 business days
Enhanced Due Diligence (EDD): up to 14 business days

Timelines depend on document completeness and structural complexity.

What triggers Enhanced Due Diligence (EDD)?

EDD may apply where complex ownership structures exist, higher-risk jurisdictions are involved, PEP exposure is identified, or transaction size and structure require additional scrutiny.

Is compliance a one-time requirement?

No. Initial onboarding is mandatory prior to engagement. Periodic updates may be required for ongoing relationships, particularly if ownership or corporate structures change.

How is my information protected?

All documentation is stored under strict internal controls and used solely for regulatory, banking, and transaction verification purposes. Confidentiality is maintained in accordance with applicable data protection standards.

How does compliance support responsible sourcing and ESG principles?

Steencore integrates supply chain transparency, jurisdictional risk assessment, and internationally recognized due diligence standards to support responsible sourcing and long-term institutional credibility.

What happens if compliance requirements are not met?

Transactions may be paused or declined if documentation is incomplete or if regulatory risks cannot be satisfactorily mitigated.

Does Steencore conduct transaction-level compliance reviews?

Yes. In addition to onboarding, certain transactions may undergo case-specific compliance review depending on structure, value, jurisdiction, or counterparty exposure.

Are third-party intermediaries subject to compliance review?

Yes. Agents, intermediaries, and consultants involved in transactions may be subject to verification and screening to ensure transparency and regulatory alignment.

Does Steencore assess source of funds and source of wealth?

Where required by regulation or transaction risk profile, source of funds and/or source of wealth declarations may be requested to ensure financial transparency.

How does Steencore manage jurisdictional risk?

Jurisdictional risk assessments consider sanctions exposure, corruption indices, political stability, and regulatory environment. Higher-risk jurisdictions may require Enhanced Due Diligence.

Is Steencore aligned with banking and insurer compliance expectations?

Yes. Our compliance framework is designed to be compatible with Tier-1 banking institutions, trade finance providers, and insurance underwriters, facilitating smoother transaction execution.

Can compliance approval guarantee transaction execution?

No. Compliance approval confirms regulatory eligibility but does not constitute commercial acceptance, credit approval, or contractual commitment.

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