Whether dealing with private or corporate customers: The business world is becoming increasingly regulated. Legislation is primarily focused on combating money laundering and terrorist financing.
Regulatory compliance is therefore becoming increasingly relevant for companies and a central element of successful corporate management. However, meeting the sometimes complex requirements often poses major challenges for the companies concerned.
We have many years of regulatory expertise and support you in implementing efficient, automated compliance processes. Our range of services includes a variety of solutions for a wide range of requirements.
Are you interested in our compliance solutions or do you have any questions? Then get in touch with us - we will be happy to advise and support you.
As part of the general due diligence obligations, the KYC process requires the identification and comprehensive verification of contractual partners in accordance with the requirements of the German Money Laundering Act (GwG) - and is therefore an indispensable component of efficient risk management.
With KYCnow, you can automate your entire KYC process and receive all relevant information on your business partners at the touch of a button - from master data to beneficial owners and public documents to name screenings and much more.
The KYC tool can be used flexibly on a modular basis or as a complete solution and reliably supports you in complying with regulatory obligations. Simple, efficient and 100% compliant.
According to the GwG, you must check the identity of your contractual partner and determine the beneficial owner on an ad hoc basis. This means that you must know who you are doing business with directly and who is behind the company.
We determine the beneficial owner of your business partner for you fully automatically on the basis of ownership and liability relationships. You also receive an overview of the shareholding structure and transparent documentation of all investigation steps.
Before entering into a business relationship, you must ensure that you are allowed to do business with a customer or supplier at all. However, this is almost impossible to do manually due to the large number of check and sanction lists.
We check your business partners in real time for possible hits in all relevant lists - centrally and automatically. International PEP and sanctions lists as well as watch and blacklists can be processed in the same way as country risks, financial sanctions or your own blacklists.
According to the AMLA, obliged entities are required to regularly review their existing customers on a risk-based basis as part of the so-called regular review. This is not only cost-intensive, but above all time-consuming.
We support you in reviewing and updating your existing portfolios - with automated processes and valid data. This allows you to reliably meet your due diligence obligations and keep an eye on potential risks in ongoing business relationships at all times.
In many cases, you are also obliged to check the compliance status of your business partners in the private customer business. We make the time-consuming checking process easier for you and provide you with information on the PEP and sanctions status of your business partner together with the credit report.
The obligations for the prevention of money laundering also include an obligation to update current business relationships. We make implementation easy for you: with the most up-to-date personal and address data for your customers.
Providers of content or products relevant to the protection of minors must ensure that minors cannot access them - this is required by law. We support you here with a real-time comparison of your customers' ages.