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Automated screening and monitoring of UBOs

Are you within the scope of the Sanctions Act? Automate your Customer Due Diligence audit: swift, clear and risk-free.
Automated screening and monitoring of UBOs

Do you need to perform customer due diligence audits pursuant to the Sanctions Act? You will have your hands full. Certainly now that audits for compliance with the Act are increasingly strict. You need to know who is at the helm and screen this Ultimate Beneficial Owner (UBO) for any compliance and reputation risks. Not only when entering into business relations  - also periodically during the business relationship and for transactions. Additionally, you are required to archive all the steps you completed. For swifter customer acceptance and monitoring, this process is fully automated with Graydon’s Due Diligence solution. This certainly saves time,  and also ensures a clear, error-free ongoing due diligence process, preventing fines and loss of reputation. 

How does it work? The Screening and Monitoring module is a component of Graydon’s Due Diligence solution. Your ongoing due diligence process consists of 4 steps:

  • Step 1: You check the Ultimate Beneficial Owner (UBO) with the module UBO Check
  • Step 2: 
    • Step 2a: With the module ‘Screening & Monitoring Sanctions Act’ you automatically screen the UBO on sanctions lists, inspection lists and negative publicity.
    • Step 2b: The screening can be enhanced with credit information for full assessment of the risk. 
  • Step 3: You automatically monitor the UBO. You will receive an immediate update when changes are made. 
  • Step 4: You record all your steps in a secured online archive for your audit trail.

Prior to automating your due diligence policy, Graydon enriches, analyses and screens your full portfolio to create a ‘clean slate’.