You have your hands full if you must find out the persons behind a company, and the identity of the UBO, or Ultimate Beneficial Owner. And that is not all. Subsequently, you are required to screen your business relation on any compliance and reputation risks. Not only upon entering new business relations; also during the relationship and for specific transactions. Additionally, you are required to save all steps you completed in an archive. To speed up customer acceptance and monitoring, automating this entire process is convenient. It saves time and ensures a clear, error-free ongoing due diligence process, preventing fines and loss of reputation.
Graydon’s ‘Screening in accordance with related legislation’ is part of the Know Your Customer solution. It consists of 4 steps:
Prior to automating your Know Your Customer policy, Graydon enriches, analyses and screens your full portfolio ensuring you start with a clean slate.