Lambert Smith Hampton raises the bar for RegTech adoption in real estate by partnering with Know Your Customer

London & Dublin, 16 November 2022 - Leading property consultancy Lambert Smith Hampton (LSH) has announced its partnership with award-winning RegTech provider Know Your Customer to accelerate and expand the digital transformation of its client due diligence and anti-money laundering operations.

Know Your Customer's cloud-based compliance solution enables LSH to fully centralise, streamline, and digitise the required due diligence procedures on all the customers and counterparties involved in its real estate transactions, while delivering a better and fully digital user experience to customers.

With 29 offices and over 1,000+ staff, Lambert Smith Hampton (LSH) is one of the top real estate consultancies in the UK and Ireland. The company provides owners, investors and occupiers with a suite of integrated services including sourcing, planning, funding, advising, managing, valuing and selling properties, across both the public and private sectors. As an organisation, LSH manages over 7,700 properties and advises on £16bn of property each year. Its client base includes roughly 60% of the FTSE100 organisations.

Know Your Customer is an award-winning regulatory technology (RegTech) company specialised in highly configurable corporate onboarding and Know Your Business (KYB) solutions for a variety of regulated sectors. In 2022, the company announced the expansion of its real-time coverage to 500+ company registries globally, including to all 50 U.S. States, officially becoming the No. 1 KYB provider in the industry.

Darren J Scott, Director - Head of AML & Customer Due Diligence at LSH, commented:
"Partnering with Know Your Customer has and continues to allow LSH to complete client due diligence on our clients and counterparties in an efficient and comprehensive way. We can visualise complex ownership structures spanning multiple jurisdictions, screen all relevant parties against appropriate watchlists and authenticate Ultimate Beneficial Owners' documentation with evidence of such, all presented in a concise and accessible manner. If we have any queries, a dedicated Relationship Manager is always on hand to assist. There are regular updates to the system in line with regulatory changes. Overall, we have built a solid partnership with Know Your Customer, which ultimately allows us to focus on the identification and mitigation of financial crime risks."

Claus Christensen, CEO & Co-Founder of Know Your Customer, added:
"For the past number of years, we have witnessed a gradual expansion of anti-money laundering regulations to be applied to additional sectors beyond banking, and in particular to real estate. This is a necessary evolution, and I strongly believe that only by embracing RegTech innovation the real estate industry will be able to efficiently and quickly adapt its operations to the new requirements. Through this partnership, Lambert Smith Hampton has demonstrated it is ahead of the curve as a RegTech early adopter and we are delighted to be their partner of choice for the full digitisation of their client due diligence and UBO identification processes."

By leveraging Know Your Customer's unmatched coverage of real-time company registry connections and AI-based Ultimate Beneficial Ownership (UBO) engine, LSH can accelerate the identification of companies' beneficial owners across borders and base their compliance procedures exclusively on official corporate data sourced in real-time. The result is a fully digitised and streamlined client due diligence process which provides additional clarity on buyers' and sellers' shareholding structures, as increasingly required by anti-money laundering regulations.

Know Your Customer Limited
21/F, The Phoenix
23 Luard Road
Wan Chai, Hong Kong

Email: info@knowyourcustomer.com
Phone: +852 5808 2152

Presscontact: Margherita Maspero
Email: marketing@knowyourcustomer.com
Phone #: +44 20 3769 4994

About Know Your Customer
Know Your Customer is an award-winning RegTech company specialised in next generation digital onboarding solutions for financial institutions and regulated organisations worldwide. By providing a single source of truth, Know Your Customer enables clients to reduce AML risk, streamline processes through agile automation, improve data accuracy through live connections to company registries, and comply with internal, board and regulatory reporting demands. The result is an acceleration in the onboarding time of new corporate clients from an industry average of 26 days to a few hours, reducing compliance manual work by up 85%.

With offices in London, Dublin, Singapore, Hong Kong, and Shanghai, Know Your Customer has established a global presence and a reputation for excellence. Our customer list spans across 11 verticals - including banking, FinTech, insurance, payments, real estate, asset management, legal firms - and 18 jurisdictions.

For more information visit https://knowyourcustomer.com.

About Lambert Smith Hampton (LSH)
Lambert Smith Hampton (LSH) is one of the UK and Ireland's leading, and most progressive, property consultancies. We help owners, investors and occupiers achieve their business goals with a suite of integrated services including sourcing, planning, funding, advising, managing, valuing and selling properties, across both the public and private sectors. We are passionate about the work we do within the built environment, ensuring communities remain connected, while relentlessly challenging the status quo.

This release was published on openPR.