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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.

“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.”

Darren J ScottDirector - Head of AML & Customer Due Diligence

“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.”

Claus ChristensenCEO & Co-Founder, Know Your Customer Limited

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.

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.

Know Your Customer is an award-winning RegTech company specialised in next-generation digital onboarding and KYB automation solutions for corporate clients.

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

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Last updated on May 2nd, 2024 at 02:54 am

Maggie Maspero

Margherita Maspero is a marketing expert with ten years of experience in marketing strategy and brand development at international RegTech companies across Europe and Asia. Prior to joining Know Your Customer, Margherita held various positions building brands and driving commercial growth through effective marketing strategies at fast-growing B2B start-ups and scale-ups in London, Dublin and Milan. A graduate of the University of Milan, Margherita holds a Master’s from University College London (UCL).