CDD On Demand for SMEs
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
Functions
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.
What background checks are done?
SCOPE CDD On Demand checks for the following points:
- Current- and previous sanctions
- Law enforcement
- Politically exposed persons (PEP)
- Adverse media
- Financial supervisors
- Central Insolvency Register (Netherlands)
- Receivership and administration register (Netherlands)
- Disqualified Director
- Geographical risk
- Insolvency reports (International media)
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