CHICAGO - August 7, 2024 - KYC2020 LLC, a leading provider of global Sanctions, PEP, and Adverse Media screening solutions for Anti-Money Laundering (AML) compliance, today announced the successful completion of its SOC 2 Type 2 Audit for its SaaS AML Compliance Platform.

The audit, conducted by Riskpro, covered the period from September 1, 2023, to February 28, 2024. It evaluated KYC2020's systems and processes against the Trust Service Principles and Criteria for Security, Availability, Processing Integrity, Confidentiality, and Privacy established by the American Institute of Certified Public Accountants (AICPA).

"Achieving SOC 2 Type 2 certification is a significant milestone that underscores the company's commitment to the highest standards of data security and privacy for its customers," said Rajeev Bahri, CEO of KYC2020 LLC. "This certification reinforces KYC2020's dedication to protecting sensitive customer data and continuously improving its information security practices."

The SOC 2 auditing framework is recognized as a gold standard in security and privacy, assessing an organization's processes and controls related to cybersecurity, privacy, and data security. This achievement follows KYC2020's previous ISO/IEC 27001:2022 certification, further solidifying its position as a trusted partner in the RegTech space.

Sanction Screening and Know Your Business (KYB) platforms handle highly sensitive personal information. KYC2020 prioritizes trust and confidence by upholding transparency and verifiable auditability as our core principles.

About KYC2020

KYC2020 is an industry leader in AML screening technology. The company's mission is to make AML compliance easy, effective, and affordable for enterprises of all sizes. KYC2020 provides global watchlist data and AI-powered decisioning for Sanctions, PEP, and Adverse Media screening and monitoring, and now also offers Identity Verification (IDV) and Know Your Business (KYB) screening capabilities. The platform helps customers stay compliant, reduce manual workloads, and lower the overall cost of AML compliance. For more information, visit kyc2020.com.

Media Contact

Ishaan Soni
Strategic Growth & Operations Associate, KYC2020
ishaan@kyc2020.io