Compliance check

The person or organization entered will be checked for various risk points by our CDD On Demand tooling.

The comprehensive compliance check

The compliance check in CDD On Demand automatically requests data from various sources about the person and / or company 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 company. 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 - which risk points are checked?

The following points are checked:

Active or historical sanctions: international measures against a person or organization, in response to a violation or threat to international peace and security.

Politically Exposed Persons (PEPs): Whether the person in question is considered a politically prominent person. These are often heads of state or politicians. Family members of a PEP are also an increased risk.

Adverse media: Whether there is any negative publicity to be found anywhere about the person or organization in question. This is often the case, for example, with a PEP or a celebrity client. 

Law Enforcement Authorities Whether the person or organization in question is under the supervision of a law enforcement officer. International and national investigative lists are checked, such as Interpol.

Financial supervisors: Whether the person or organization in question is supervised by a financial regulatory authority. In the Netherlands, these are the AFM or DNB.

Insolvency register and insolvency listing: Whether the person or organization in question is registered in the Dutch insolvency register. Insolvency mentions in international media are also considered.

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

Disqualified director: if a person has been banned from the board, this means that he / she has been declared incompetent as a director. A company with an incompetent director can cause many problems.

Geographic risk: A check on multiple risk country lists. Among them are the FATF list and the high-risk country list of the European Union.

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.
 

With the CDD On Demand solution, monitoring can be automated. You can choose which searches 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.

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.