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CDD On Demand for SMEs

With the CDD On Demand solution from SCOPE FinTech Solutions you can easily perform a compliance check and automatically receive an extensive CDD report from the person or company you wanted to check.

The CDD On Demand solution

The CDD On Demand solution supports you in performing an extensive and traceable compliance check, so that you are compliant with the regulations and your company does not run the risk of doing (in) direct business with criminal organizations, terrorist organizations or participating in money laundering.

Information about the person or company you have entered is automatically requested from various sources. For this we make use of the very extensive database of Acuris Risk.

If you perform a search and a match is found, there are two outcomes. In the vast majority of cases, no particulars are found for the person or company you are looking for. You can then download a report to demonstrate that you have conducted research, but no red flags have emerged. In some cases, however, a warning is issued by the CDD On Demand solution. You can also download a report. This contains more information about the findings. Then it depends on your internal policy whether it is necessary to conduct additional research.

Example if a match is found at one or more of the checkpoints

Functionalities

UBO check (Dutch companies only)

With the help of the CDD On Demand solution you can find out the Ultimate Beneficial Owner (UBO) or possible UBO.

Real life monitoring

The CDD On Demand solution monitors your clients and alerts you when there is a change in your search query. This keeps your database up to date.

Compliance check

The CDD on Demand solution scans a person for different points and notifies you when there is a match on one of these points.

Integrations

The CDD On Demand solution can be integrated with various software packages, such as Microsoft Dynamics CRM.

What background checks are done?

SCOPE CDD On Demand checks for the following points:

Whether this person has been declared incompetent as a director or whether a company has an incapacitated director

Whether this person or company is under surveillance by a law enforcement agency

Whether there is negative publicity about this person or company

Whether this person is considered a Politically Exposed Person (PEP)

Whether any sanctions have (or were) taken against a person or company

Whether this person or company is under the supervision of a financial regulatory authority

Whether the country poses an increased risk according to FATF list , CPI and EU lists

Which companies can use the CDD On Demand solution?

The CDD On Demand solution is available for all institutions subject AMLD. See a number of example branches below:

SCOPE CDD On Demand for lawyers

Provides lawyers with support in complying with the AMLD, among other things

SCOPE CDD On Demand for notaries

Provides notaries with support in complying with the AMLD, among other things

SCOPE CDD On Demand for tax advisors and accountants

Provides tax advisors and accountants with support in complying with the AMLD, among other things

SCOPE CDD On Demand for real estate agents

Provides real estate agents with support in complying with the AMLD, among other things