Penneo KYC is a cloud-based Know Your Customer (KYC) software solution that helps businesses comply with anti-money laundering (AML) regulations. The software automates the KYC process, making it easy for businesses to collect and verify customer information. Penneo acquired the KYC software from CLA Reply in 2020. Penneo is a digital signature and identity management software company based in Denmark. Founded in 2014, Penneo caters to a wide range of industries including real estate, HR, and particularly strong in legal and accounting industries across the European market. 

Penneo KYC includes a number of features that help businesses comply with AML regulations, including:

Customer onboarding: The software automates the customer onboarding process, making it easy for businesses to collect and verify customer information.
Customer due diligence: The software helps businesses perform customer due diligence, which is a process of gathering information about customers to assess their risk of engaging in money laundering or terrorist financing.
Sanctions screening: The software screens customers against sanctions lists to ensure that they are not on a list of individuals or entities that are prohibited from doing business with the company.
Reporting: The software generates reports that can be used to comply with AML regulations.Penneo acquired the KYC software from CLA Reply in 2020. Penneo is a digital signature and identity management software company based in Denmark. Founded in 2014, Penneo caters to a wide range of industries including real estate, HR, and particularly strong in legal and accounting industries across the European market.