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Compliance check

The CDD On Demand solution provides support in the following areas:

  • Conducting a comprehensive and traceable compliance check. 
  • The continuous monitoring of your client base.
  • Conducting an UBO investigation.

The comprehensive compliance check

The compliance check in CDD On Demand automatically requests data from various sources about the person and / or companyn you entered. The person and / or company is checked on different points, varying from PEP and sanction lists to insolvency registers. After the extensive compliance check, you can request a digitally certified report from this person and / or organization. This is of course useful for your own administration, but also essential in the case of an audit by the regulator. In this way you can easily provide proof of the compliance check.

Compliance check - what is checked?

The following points are checked:

Active or historical sanctions: sanctions are international measures against a person or company. Sanctions are measures taken in response to a violation or threat to international peace and security

Politically Exposed Persons (PEPs): Whether this person is considered a politically exposed person. PEP also includes family members.

Adverse media: Whether there is negative publicity about this person or company. This can be, for example, in combination with a PEP.

Law enforcement agencies: Whether this person or company is under the supervision of a law enforcement officer.

Financial supervisors: Whether this person or company is supervised by a financial regulator. In the Netherlands these are the AFM or DNB

Insolventie register en insolventie vermelding: it is checked whether this person or company is registered in the Dutch insolvency register. Insolvency mentions in international media are also looked at.

Receivership and administration register (Netherlands) if someone is on a receivership or administration register, someone can no longer make decisions about his / her finances

Disqualified director: als een persoon een bestuursverbod opgelegd heeft gekregen betekend dat dat hij/zij onbekwaam is verklaard als directeur. Een onderneming met een onbekwaam verklaarde directeur kan veel problemen op leveren.

Geografisch risico: several risk country lists are checked. Among those are the FATF list and the high-risk country list of the European Union.

Daily monitoring

Identify risks early. With the SCOPE CDD On Demand solution you monitor clients on a daily basis. You will receive notifications when new or additional risk factors are found, so you can take immediate action.

Monitoring can be automated with CDD On Demand solution. You can choose which search queries you want to monitor.

Batch checks

For large numbers of checks, such as when catching up with overdue work or for periodic scheduled checks of an entire customer base, the CDD On Demand solution has the series check. The series check ensures that a whole list of persons and / or organizations can be checked at once. The results are automatically delivered.