The four-step onboarding process includes: (1) Collecting client data such as identification and financial details; (2) Verifying identity through KYC checks and AML screenings; (3) Setting up accounts and providing access to agreed services; and (4) Educating clients about their responsibilities, available tools, and support channels. While simplified, this model highlights the essentials: regulatory compliance, operational readiness, and relationship-building. A clear four-step structure creates consistency and efficiency.
