FAQ

1. General

No, all you have to do is buy credits. You do not need a license or subscription. You can purchase these credits for CDD On Demand directly on our website www.cddondemand.com and pay via iDeal or credit card.

The performance of certain (professional) activities means that certain persons, companies or legal entities qualify as "an institution" for the AMLD. This applies to accountants, administrative offices or tax advisers and (certain activities of) civil-law notaries and lawyers.

CDD On Demand is for all institutions that want to check persons in the context of the AMLD in a simple, fast, good and cheap way without having to conclude a contract and install software. You only need to purchase a number of credits to be able to work with the service.

Ja, met onze UBO check vindt u de UBO of mogelijke UBO. U kunt meer lezen op this page.

No, the CDD On Demand check is part of KYC, or Know Your Customer. This research consists of more than just a check on www.cddondemand.com. More risk criteria need to be mapped out. The risk criteria most commonly used in practice are, for example, country or geographic risk, client risk and product risk.

Ja, het is ook mogelijk om natuurlijke personen te controleren die niet de Nederlandse nationaliteit hebben. CDD On Demand maakt gebruik van internationale lijsten waardoor alle natuurlijke personen naar voren kunnen komen. Echter zullen de Nederlandse bronnen niet gebruikt worden binnen deze check. 

In addition to account information such as email, phone number and password, the searches, results and reports are stored in the database. Your personal information is only visible to you and will never be shared with third parties. The searches, results and reports are also personal and can only be viewed by you or us on your behalf.

For the search we make use of the very extensive database of Acuris Risk Intelligence.

Customer Due Diligence (CDD) is a critical part of business integrity. An important step consists of checking people for sanctions, being on Politically Exposed Person (PEP) lists, negative publicity and other negative things. With the CDD On Demand solution from SCOPE FinTech Solutions, you can easily and quickly check natural persons on the points mentioned.

2. The Checks

Any person considered to be Politically Exposed Persons. Not only people who are politically active in their current position are on a PEP list, but also people who were politically active until one year ago. Examples of PEP functies are: heads of state, army officers, senior executives of central banks etc. Also relatives and next to associatesn of a PEP fall into a higher risk group where an extensive research has to be done.

You will find a complete overview of PEP functions here.

Level 1 bevat internationale PEPs: Deze groep omvat individuen die prominente publieke functies bekleden of hebben bekleed op internationaal niveau. Voorbeelden zijn staatshoofden, regeringsleiders, senior politici, hoge rechterlijke ambtenaren, hoge militaire officieren, en topfunctionarissen van internationale organisaties.

Level 2 bevat nationale PEPs: Deze categorie omvat individuen die belangrijke publieke functies op nationaal niveau bekleden of hebben bekleed. Denk hierbij aan kabinetsleden, parlementsleden, leden van de hoogste rechtbanken, ambassadeurs, hoge officieren in de strijdkrachten, en topfunctionarissen van staatsbedrijven.

Level 3 bevat regionale of Lokale PEPs: Dit zijn personen die publieke functies bekleden op regionaal of lokaal niveau, zoals gouverneurs, burgemeesters, en andere belangrijke lokale ambtenaren.

Current politically exposed persons are defined as the current incumbents of positions in scope and any newly appointed officials in these positions. The following positions are included in the PEP definition:

  • Persons entrusted with prominent public functions at the national level, abroad or by an international organization.
  • Persons entrusted with prominent public functions, along with their family members and relations.
  • Natuurlijke personen die zijn toevertrouwd met prominente openbare functies. AML/CFT-maatregelen die worden genomen tegen PEP’s zijn ook van toepassing op familieleden of personen die bekend staan als nauwe relaties van PEP’s.
  • Persons entrusted with prominent public positions, other than as mid-level or junior officers, along with members of their immediate family and known close relations.
  • Persons entrusted with prominent public positions other than as mid-level or junior officers.
  • Holders of public office who hold senior, prominent or important positions, with significant say over policy, operations or the use or allocation of government-owned resources.

Defined as the natural persons holding a relevant PEP position within the past 12 months (or a longer period if defined by the national PEP definition).

Politically exposed persons by association refers to family members and close connections of PEPs. These include:

  • Immediate family members of PEPs: Globally, the main categories are parents, spouse or registered partner, children and siblings. This applies consistently across countries.
  • Extended family members of PEPs: Additional family categories apply as a National Requirement for countries where national PEP definitions explicitly require it, e.g. son-in-law or daughter-in-law, joint parents-in-law, or second-degree relatives such as grandchildren or nieces/nephews.
  • Nauwe relaties van PEP’s: Personen die uitdrukkelijk worden genoemd als “nauwe relatie” van een PEP, alsook zakenpartners (gedefinieerd als medeaandeelhouders in particuliere bedrijven en personen die bekendstaan als eigenaren van bedrijven en andere activa opgericht ten behoeve van een PEP). De definitie omvat ook dienstverleners voor PEP’s zoals advocaten, notarissen, accountants, investeringsadviseurs en trust- en bedrijfsdienstverleners die assisteren bij financiële transacties. Werkgevers en werknemers van PEP’s kunnen ook worden beschouwd als nauwe relaties, afhankelijk van a) de duur van de associatie en b) de senioriteit van de aanstelling en de nabijheid tot de PEP.

Gedefinieerd als natuurlijke personen die meer dan 12 maanden geleden een relevante PEP-functie hebben vervuld (of zoals gedefinieerd door de nationale PEP-definitie), maar niet langer dan 10 jaar geleden, tenzij er sprake is van aanvullende risico’s zoals sancties, financiële toezichthouders, wetshandhaving en blootstelling aan reputatierisico.

PEP related companies are defined as:

  • Entities established for the benefit of a PEP (for example, a private investment or trust owned by a PEP), where the PEP is the ultimate beneficiary.
  • Entities owned by a PEP, where the PEP is a shareholder.
  • Entities controlled by a PEP, where the PEP holds a senior executive position, such as director, board member or C-level executive.

Public companies that are listed on a recognized stock exchange and comply with proper listing rules, good governance, and transparent reporting are not included in this definition.

PEP’s vormen een verhoogd risico vanwege het potentieel misbruik van hun macht en invloed voor persoonlijk gewin of corruptie. Het begrijpen van de definitie van PEP is belangrijk voor het beheer van reputatie- en juridische risico’s bij het zakendoen met klanten die potentiële PEP’s zijn.

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.

Adverse media or negative news is defined as any kind of unfavorable information found across a wide variety of news sources – both ‘traditional’ news outlets and those from unstructured sources.

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.

Ja, in onze nieuwste versie van CDD On Demand kunt u meerdere landen invoeren binnen dezelfde controle. Zo kunt u snel en eenvoudig de nationaliteit, het woonadres en het een derde land invullen en wordt direct gecontroleerd of er een geografisch verhoogd risico bestaat. 

Country risk is represented by countries that pose a significant threat to the EU financial system due to strategic weaknesses in national AML/CFT regulations. Therefore, it is important that the geographical component is also monitored under the Wwft. 

 

The sources automatically checked for within CDD On Demand are: 

– FATF

– CPI

– EU/VN landen sancties

– Regeling laagbelastende staten en niet-cooperatieve rechtsgebieden voor belastingdoeleinden

3. Payments & Credits

Jazeker, u kunt meteen aan de slag met het controleren van uw cliënten en snel en eenvoudig aan de Wwft voldoen!

You can easily go through www.cddondemand.com purchase new credits and pay via iDeal or credit card.

One credit is worth € 1.50 excluding VAT. The price per credit including Dutch VAT is approximately € 1.82.

A search costs 1 credit, regardless of whether it yields a result and whether you want to request the details.

If you want to place a person or company on the monitor list, this costs 2 credits per year. No credits will be charged for retrieving / viewing details of matches found on the monitor list.

A UBO check costs 3 credits per company from which Chamber of Commerce data is retrieved. Credits are determined and amortized immediately after expiry. A minimum credit balance of 25 credits applies for the UBO check.

You can pay with iDeal or credit card.

No, it is not possible to resell or exchange credits for money.

Yes, your credits are valid for one year.