Providing robust controls and record keeping to meet any Client Due Diligence or anti-money laundering requirements during the on-boarding or ongoing account servicing activities.
|
Compliance with the AML regime |
for AML supervised firmsThe Client Due Diligence module will help any firm regulated or supervised for compliance with the Anti-Money Laundering Regulations.
Designed originally for regulated financial service firms, it also provides a robust Client Due Diligence framework for any other type of firm captured by the regulations, ensuring you're always compliant with the CDD control and record keeping obligations required by your supervisory authority. |
Centralised WorkflowsCentrally record and manage all CDD activity for each account - driven by standardised forms and checklists. Flexible tags enable the account to be categorised according to industry and regulator standards. |
Standardised TemplatesThe firm can associate its standard CDD checklists and forms to the service, ensuring all CDD is completed in accordance with the firm’s current standards and process. Changes to templates are version controlled and tracked. If required, best practice templates can be provided from one of our partners. |
Robust Evidence & Audit TrailsAll CDD information and related documents are version controlled, tracking every change. When a CDD set is approved, the system automatically snapshots all information enabling a full audit trail to be maintained. |
Account & Evidence ReviewsImminent account reviews are displayed on the home page – all reviews can be tracked and evidenced in the version snapshot history, ensuring the firm complies with industry standards. In addition, any evidence that is expiring (e.g. passports) will be displayed, prompting a review to be undertaken. |
Risk ManagementThe rich classification and tagging enables key risk indicators to be surfaced in real-time and analysed by compliance and management. Analyse risk by any of the tags, including sanctioned country, PEP relationships, or level of CDD applied. |
Flexible ControlsThe Client Due Diligence module is highly configurable, enabling multiple control checks to be configured to implement your current processes. |