The European Union has announced restrictive measures in response to the crisis in Ukraine. Our partner Acuris Risk Intelligence has issued new statements regarding the current sanctions environment against Russia. This statement means that Acuris Risk Intelligence will make every effort to incorporate any changes into the database within 24 hours. Since the link between SCOPE CDD On Demand and Acuris Risk Intelligence is real-time, this means that the results are also visible in the compliance check within 24 hours. Sanction lists list individuals and entities that are subject to financial restrictions to prohibit counterterrorism regimes and money laundering around the world. When doing business, you naturally want to be sure you are building relationships with the right people. Therefore, it is important to properly screen the business partner before entering into a business relationship. With CDD On Demand Solution you can monitor your customers on a daily basis. If during the daily monitoring a possible match is found for one of the persons or companies on the monitoring list, you will receive a notification. If you 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 of extending this automatically. Together with our partners, we provide an up-to-date software platform that you can rely on.
Last Monday, DAPAS Software started with CDD On Demand. From now on, DAPAS Software customers can easily perform compliance checks, directly from the Dapas Compliance Manager. This makes it very easy for DAPAS customers (Accountant's Offices and Administration Offices) to comply with the AML and saves a lot of time.
Many sanctions are imposed on Russian individuals and companies in response to Russia's invasion of Ukraine. But what do banks, insurers, trustoffices and other financial institutions have to do if new sanctions are imposed?
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.
New version release of search engine screening in CDD On Demand. Have you ever googled the name of your clients? Finding good data for customer screenings is challenging, particularly for small, local businesses and natural person.
Microsoft has awarded us with the Silver Partner status in the competency of Application Development.
The Application Development Competency demonstrates our technical capabilities in designing, developing, and monitoring cloud and web-based applications for customers in Azure or Microsoft 365. We are among the top 5 % of Microsoft partners worldwide.
SCOPE FinTech Solutions Launches Risk Assessment: Automated Rapid Client Risk Assessment. Reading time: 2 min.