KYC/AML

KYC/AML explained

Know Your Customer and Anti-Money Laundering checks verify who an investor or counterparty is and where their capital comes from. For a manager the process is a gating step in onboarding: it determines when a subscription can be accepted, and its evidence must be retained and refreshed, because obligations continue after onboarding rather than ending at it.

How it works in practice

• Onboarding status is visible per investor, including what is outstanding.
• Evidence is retained with expiry dates so refresh is scheduled, not reactive.
• Access to identity documents is restricted to the team that needs them.

Common mistake

Treating checks as a one time gate rather than an ongoing obligation with periodic refresh.

Why it matters in private capital

KYC/AML sits inside a chain of decisions that runs from sourcing through diligence, investment committee, portfolio monitoring and LP reporting. When each stage lives in a different tool, the evidence behind the decision is rebuilt at every handover. Keeping the concept on one record is what makes the fund able to explain, not just report, what it did.

How Reuben AI handles KYC/AML

Reuben AI is one platform for the full private capital workflow. Deal intake and screening at /deal-flow-management, diligence and IC memos at /ic-memo-software, portfolio monitoring and LP reporting at /lp-reporting-software all read from the same record, so KYC/AML does not need to be re-entered per tool. Pricing is at /pricing.

• Compliance →

Frequently asked questions

Related terms