No, you need credits. You do not need a licence or subscription. You can purchase the credits for CDD On Demand on our website www.cddondemand.com and pay via iDeal.
The performance of certain (professional) activities means that certain persons, companies or legal persons qualify as 'an institution' under the Money Laundering and Terrorist Financing (Prevention) Act (Wwft). These include accountants, administrative offices or tax consultants and (certain activities of) notaries and lawyers.
CDD On Demand is for all institutions that wish to monitor people and companies in a simple, fast, good and cheap way under the WWFT without concluding a contract and installing software. You only need to purchase credits to avail of this service.
SCOPE FinTech is currently developing this and we expect this UBO check to become available in December 2019. If you would like information about this, please contact email@example.com or call +31235179200
No, the CDD On Demand check is part of KYC, or Know Your Customer. This investigation consists of more than just a check on www.cddondemand.com. More risk criteria must be identified. The most commonly used risk criteria are: country or geographic risk, client risk and product risk. CDD On Demand is a background check for natural persons and companies. This concerns appearance on the various sanction lists, the identification of Publicly Exposed Persons and negative media attention (adverse media).
Yes, it is also possible to check natural persons and companies that do not have Dutch nationality. The data supplier, Company.info, uses international lists on which all natural persons and companies can show up.
In addition to account information such as email address, telephone number and password, your searches, results and reports are stored in pdf format in the database. Your personal information is only visible to you and will never be shared with third parties. The searches, results and reports you have entered are also personal and can only be viewed by you or us on your behalf.
When searching, we make use of, for example, the very extensive compliance database of Company.info. The Company.info database uses various international sources of information
CDD is a crucial part of sound business operations. An important step consists of checking persons and companies on the various sanction lists, appearance on Politically Exposed Person (PEP) lists, adverse publicity and other negative matters. With the CDD On Demand solution from SCOPE FinTech, you can check natural persons and companies quickly and easily in this regard.
2. The Checks
Any person who is considered to be a politically prominent person, from heads of state, heads of government, ministers to persons who represent the interests of their country abroad. A PEP as a client is an increased risk to your business reputation.
Any person or entity subject to sanctions from the European Union, the United Nations, the United States Office of Foreign Assets Control (OFAC), the State Department and Her Majesty's Treasury in the United Kingdom.
Any person or entity previously subject to sanctions from the European Union, the United Nations, the United States Office of Foreign Assets Control (OFAC), the State Department and Her Majesty's Treasury in the United Kingdom.
The most important sanction lists in the world, including the sanction lists from the UK, the US, the EU, the Netherlands and the UN.
Any person or entity that has been fined or otherwise is subject to supervision by financial supervisors.
Any person or entity officially named in documentation from law enforcement agencies such as the police or other agency such as Interpol or the FBI. Also persons and entities cited in publications of court rulings of such a nature.
Any person declared bankrupt or insolvent.
Any person who is disqualified as a director of a company, or is banned by law to be a director of a company.
CDD On Demand uses similarities in name and/or date of birth to determine whether there is a match between a natural person on one of the lists used and the natural person you are looking for. This means that the database searches for matches in initials/first name, last name and date of birth. It is therefore possible that you will see the results of natural persons for whom there are similarities with the natural person you are looking for, but who are not your client. This means that you should properly check any possible matches yourself.
If no results are found in CDD On Demand, you have the option of generating a certified report in pdf with your search query and its result. We recommend that you save this report in the client file as proof that you have performed the check.
A result in CDD On Demand does not necessarily mean an exact match. It is possible that you will see the results of natural persons for whom there are similarities with the natural person you are searching for, but who are not your client. This means that you should properly check any possible matches yourself. You can assess this by checking the information contained in the results. Information such as date of birth, gender, nationality or photo can be decisive in determining whether the match is actually your client.
CDD On Demand only uses sources that have been verified. These do not include all sources that appear on Google. It can therefore always be useful to perform a Google test in addition to the CDD On Demand check.
Search entries are: person's name, date of birth etc. Twenty possible results are displayed with each search if something has been found.
You can click on the sources that you have found and assess whether these sources actually belong to your client. If the sources are no longer available, for example because they are too old, you can also access archived versions.
3. Payments & Credits
No, not immediately. Your account still needs to be validated and your credits must be added to your account. This will take a maximum of 2 working days.
You can easily purchase new credits via www.cddondemand.com and pay via iDeal.
One credit is worth € 2 excluding VAT. The price per credit including Dutch VAT is therefore €2.42.
Een zoekopdracht kan resulteren in geen resultaat of een lijst met potentiële matches. Wanneer er geen resultaat gevonden is kost de zoekopdracht twee credits. Wanneer er potentiële matches zijn, kost het twee credits extra per opgevraagd detail.
You can pay with CreditCard or iDeal.
No, it is not possible to resell credits or to exchange credits for money.
Yes, your credits are valid for one year