CDD On Demand for SMEs
The CDD On Demand solution
The CDD On Demand solution supports you in performing an extensive and traceable compliance check, so that you are compliant with the regulations and your company does not run the risk of doing (in) direct business with criminal organizations, terrorist organizations or participating in money laundering.
Information about the person or company you have entered is automatically requested from various sources. For this we make use of the very extensive database of Acuris Risk.
If you perform a search and a match is found, there are two outcomes. In the vast majority of cases, no particulars are found for the person or company you are looking for. You can then download a report to demonstrate that you have conducted research, but no red flags have emerged. In some cases, however, a warning is issued by the CDD On Demand solution. You can also download a report. This contains more information about the findings. Then it depends on your internal policy whether it is necessary to conduct additional research.
Example if a match is found at one or more of the checkpoints
What background checks are done?
SCOPE CDD On Demand checks for the following points:
Whether this person has been declared incompetent as a director or whether a company has an incapacitated director
Whether this person or company is under surveillance by a law enforcement agency
Whether there is negative publicity about this person or company
Whether this person is considered a Politically Exposed Person (PEP)
Whether any sanctions have (or were) taken against a person or company
Whether this person or company is under the supervision of a financial regulatory authority
Whether the country poses an increased risk according to FATF list , CPI and EU lists
Which companies can use the CDD On Demand solution?
The CDD On Demand solution is available for all institutions subject AMLD. See a number of example branches below:
SCOPE CDD On Demand for lawyers
Provides lawyers with support in complying with the AMLD, among other things
SCOPE CDD On Demand for notaries
Provides notaries with support in complying with the AMLD, among other things
SCOPE CDD On Demand for tax advisors and accountants
Provides tax advisors and accountants with support in complying with the AMLD, among other things
SCOPE CDD On Demand for real estate agents
Provides real estate agents with support in complying with the AMLD, among other things