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.
Yes, with our UBO check you will find the UBO or possibly UBO. You can read more at 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.
Yes, it is also possible to check natural persons and companies that do not have Dutch nationality.
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 read more.
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 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.