Updating client cost receipt to recover AML costs
How to update KYC and KYB client cost receipt billing so receipts reflect full AML and KYC/KYB cost recovery markups.
How to update KYC and KYB client cost receipt billing so receipts reflect full AML and KYC/KYB cost recovery markups. Changes apply to future receipts only, not previously billed client cost receipts.
On this page: Watch the video · Step-by-step guide
Step-by-step guideJump to: Navigation · Transaction Settings Configuration
Navigation
- Go to Account Settings, then click Transactions in the sidebar.
- Select the Client Cost Receipts tab
Transaction Settings Configuration
- Please note any changes you make here will not change previously billed Client Cost receipts - only future receipts. You can add a set Flat markup (per individual) in $ dollars.
- You can add a set Percentage markup (per individual). Or you can do a mix of both.
- You can add a set Percentage markup (per individual). Or you can do a mix of both.
- You can do the same markup types for KYB as well. The results will also be shown in the KYB section of the Lived worked example on the right.
- You can toggle if clients should receive a cost receipt for reused entities. When enabled (pink) it will be at $0, when grey (disable) they will be sent the default KYC/KYB cost.
- Once you have made all the selections that you would like, click Save changes to implement on future Client cost receipts.
Additional notes
Open this area of the platform directly: Transactions - Client Cost Receipts