Ongoing due diligence

The concept of data ‘recency’, whereby the age and update frequency of data needs to be considered when incorporating data as part of a customer due diligence decision process.

In certain circumstances, customers may need to be re-verified or additional information required.

Conducting ongoing due diligence on the business relationship and scrutiny of transactions undertaken throughout the course of that relationship to ensure that the transactions being conducted are consistent with the institution’s knowledge of the customer, their business and risk profile, including, where necessary, the source of funds

With our Global Screening solution (PEP and Sanctions) we have the ability to provide batch processing of existing and pre-screened customers.

Pre-screened customers can be ‘whitelisted’ as individuals that have come through the exception process but have been authenticated as not being relevant to your customer record.