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FAQ: Proximal KYC Due Diligence Warning Bulletin/Database
What is it?
Each day we monitor:
Warnings issued by relevant national or state regulatory bodies and law enforcement agencies
Warnings issued by governments
"Most Wanted" bulletins issued by law enforcement agencies
Confidential information received by us relating to laundering or fraudulent companies or individuals
Verified information from Internet bulletin and discussion boards concerning fraud and money 
laundering cases and current activities
We also track media stories on the subject together with receiving information from associates, contacts and victims. We then check and validate the information we receive before entering it on to the KYC Warning Due Diligence Database.
Since we started this project in February 2003 we have created a database with over 6,000 (as at 1 January 2007) names of individuals and companies involved in international fraud & money laundering -which is growing at an average rate of 300 new entries each month.
The intelligence contained in the database is truly global in its scope - it is certainly not solely US or UK orientated. In a global marketplace we are delivering timely and accurate AML KYC intelligence.
Each month a bulletin is issued by e-mail to subscribers. This is in the form of a grid which details all new additions made to the database during the month together with any new information received on entries made in previous months.
Additionally - and most importantly, each month we issue to subscribers a completely up-to-date version of the entire database in Microsoft Excel format, which is fully sortable and searchable. If you do not have Excel installed we can provide a free Excel file reader.
It is important to realize that the KYC Due Diligence Warning Database is not merely a reproduction of OFAC information - as it does not contain any OFAC information (the primary reason for this decision was because OFAC warnings can be searched free of charge).
How much does the Proximal KYC Due Diligence Warning Bulletin & Database cost?
The annual subscription is £250 (plus VAT if applicable). With an annual subscription you will receive a monthly bulletin (which typically has over 300 individual listings of relevant companies and individuals) together with an updated copy of the entire Proximal KYC Due Diligence database.
How is the Proximal KYC Due Diligence Warning Bulletin & Database delivered?
The bulletin is sent to subscribers by e-mail together with an MS Excel spreadsheet database file (also sent by e-mail) at the end of each calendar month.
Why are you charging for this?
We are receiving more and more information concerning fraudulent individuals and companies. Unfortunately it is no longer cost effective for us to provide these details as a free service, because of the work involved for us.
More importantly we are regularly receiving "confidential" information on fraudulent people and entities. This information usually has not appeared on any official warning list. Because of this we may have legal problems in posting such information on the Internet or in a freely circulated newsletter. However we think that it is exactly this type of detail which will be of most benefit to prevent fraud and money laundering. (Note: this information will not include any cases in which we are bound by client confidentiality).
For these two main reasons we launched our KYC Due Diligence Warning Bulletin & Database. Moreover we believe that the annual subscription fee of £250 represents remarkable value when considered against the possible cost savings you may make based on the information provided (just one match with the intelligence provided will more than pay for the annual subscription!).
Can I see a sample of Proximal KYC Due Diligence Warning Bulletin & Database?
Yes – You can obtain a sample bulletin by emailing us .
How do I subscribe to the KYC Due Diligence Warning Bulletin & Database?
You can download a subscription form here. Please complete the form and fax it back to us on +44 (0)1672 516759. We will then invoice you for the annual subscription fee of £250. Although this service began in February 2003 as soon as we receive your annual subscription we will e-mail you the entire database with over 6000 entries (as at 1 January 2007).
Proximal Consulting
2 Pelham Court, London Road, Marlborough, Wiltshire, SN8 2AG
Rue Du Rhone 14, 1204 Geneva, Switzerland
