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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 especially 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: Whether sanctions have been taken against a person or a company.

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

Politically Exposed Persons (PEPs): whether this person is a politically exposed person.
Adverse media: Whether there is negative publicity about this person or company.
Financial supervisors: Whether this person or company is under the supervision of a financial regulatory authority.

Insolvency register: Whether this person or company is registered in the insolvency register.

Disqualified director: Whether this person has been declared incapacitated as a director, or whether this company has an incapacitated director.

High-risk countries: Whether the country poses an increased risk according to FATF, CPI and EU lists.

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.