Because of the sudden and on-going developments around Russia and Ukraine the international community’s response has been the application of additional sanctions on Russian entities, individuals and vessels.

The European Union has announced restrictive measures in response to the crisis in Ukraine. Our partner Acuris Risk Intelligence has made new statements related to the current sanction’s environment against Russia. This implies that all profiles tracked with our solution CDD On Demand are curated into the database no more than 24 hours following any announcements. 

Sanctions lists involve individuals and entities on this list that are subject to financial restrictions to prohibit counter-terrorism regimes and money laundering all around the world. When doing business, you want to know you are building relationships with the proper people. Moreover, according to the last official announcement of the European Commission, The European Union is going to include into the sanction list Russian President Vladimir Putin. In addition to the measure mentioned above, Acuris Risk Intelligence has been anticipating the increased scope of the Sanctions actions against Russia for some time.

With CDD On Demand Solutions you can monitor your clients daily. When a possible match is found during the daily check for one of the persons or companies on the monitoring list, you will receive a notification. In case you will receive a notification, you can take immediate action. The monitor function on CDD On Demand is valid for one year. As a user, you have the option to extend this automatically. In case there is a new update affecting our services, we, SCOPE FinTech Solution will inform via the blog and social media.