Would you like to prevent doing business with parties involved in fraud, money-laundering or negative publicity? To institutions within the scope of the Anti-Money Laundering Legislation, finding the UBO or Ultimate Beneficiary Owner and checking against sanctions lists or negative publicity is mandatory. Not only upon entering new business relations; also during the relationship and for specific transactions. All such steps must be saved to provide proof of compliance. Automating this process will save you a lot of time and money, avoiding unnecessary problems.
Company and shareholder structures are often complex. This makes finding the UBO a challenging task. The UBO check enables you to identify the UBO by pressing a single button. Subsequently, the system gives you the option of screening your UBO for sanctions lists, inspection lists, PEP lists and negative publicity.
You will always have a result at hand that can be used for your audit trail and other evidence. Additionally, each step is saved to a high-security online archive. You can automate the UBO Search or the entire Know Your Customer process, avoiding any manual tasks.
To start with a clean slate, we will perform a one-off screening of your full relations database for UBOs and any risks. This ensures quick and efficient compliance with legal requirements relating to money-laundering, and prevents loss of reputation.