Compliance - Am I allowed to do business with customers?

Can you do business with this customer and do you want to do business with them at all?

Compliance processes, whether stipulated by law or self-imposed, cost time and money. In addition, the regulatory parameters also change continuously. To automate processes in accordance with the law, you need a partner who understands your sector and knows what the current requirements are.

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EU-TAXONOMY REGULATION WORKING SUSTAINABLY AND SIMPLY

In its Green Deal, the European Union has initiated a whole range of rules and regulations to support defined climate targets and prevent so-called “greenwashing”. One central building block of the package that has been adopted is the EU Taxonomy Regulation. Find out more about the SCHUFA ESG Solution and how we can support you in meeting the requirements resulting from this regulation.

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DO YOU HAVE LEGAL OBLIGATIONS UNDER GERMAN MONEY-LAUNDERING LEGISLATION?

What do company owners have to bear in mind?

Compliance requirements and the resulting actions are stricter, more complicated and checked more tightly, particularly for exporting and international groups as well as SMEs. Because preventing terrorism financing and money-laundering is becoming increasingly important.

YOUR CHALLENGES WITH COMPLIANCE.

Automated check with current PEP and sanction lists.

Check all the people you need to identify who are affiliated to a company, including the beneficial owner, against international PEP and sanctions lists as well as watch and black lists.

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Meet anti-money laundering obligations according to the law.

Identify your (new) customers fully digitally, legally and procedurally compliant, as cost efficiently as possible but absolutely customer-friendly with no media breaks.

Customer monitoring as per regulatory requirements.

Regularly assess the risk situation of your existing customers with information from SCHUFA that is actively provided on an annual basis.

Identify the beneficial owner using the transparency register.

Using your own interface with the transparency register, you’ll be able to identify information such as the beneficial owner. As a submodule of the KYC platform or as an API to integrate in existing processes.

WORTH KNOWING ABOUT KYC AND PREVENTING MONEY-LAUNDERING.

The ClariLab blog

Keep up-to-date and read informative contributions about KYC and preventing money-laundering.

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MEET COMPLIANCE REQUIREMENTS. COMPLY WITH CODES OF CONDUCT.