Enhanced KYC background checks for clients and prospects
When onboarding new clients and managing existing business relationships, the risk‑based assessment of client profiles plays a central role. At the same time, requirements regarding the timeliness, completeness and reliability of KYC and client profiles have increased significantly in recent years.
With our Compliance Background Check, we support you with enhanced AML/KYC background checks for clients and prospects, focusing on compliance-relevant information that may indicate legal and reputational risks and enable risk-based decision-making.
This allows you to identify risks early, assess them realistically and make well-founded decisions for your organisation.
Information sources
We use dedicated systems and databases and draw, inter alia, on the following information sources:
- PEP: politically exposed persons (PEP databases)
- Sanctions: national and international sanctions/embargo lists
- Adverse media: structured multilingual media research internationally (possible links to money laundering, terrorist financing, fraud, tax evasion, document offences, etc.)
- Web check: compliance-relevant information in publicly accessible sources
- Additional black/watchlists
Procedure
Subject to applicable confidentiality obligations and data protection, a simple and secure Compliance Background Check process is typically as follows:
- You provide us via a secure channel with the full name of the natural or legal person.
- We perform the screening for you.
- We assess the results and, where appropriate, provide recommendations for action.
- We document the results and recommendations in a report.
- You assess the results and take the decisions appropriate for your organisation.
- We offer the option of recurring re-screening.
As there is no “one size fits all” approach in compliance, you can choose among three levels of Compliance Background Checks depending on the potential risk and your specific requirements. We deliver the information you need in a cost-efficient manner to support well-founded decisions.
Compliance Background Check Modules
| Level 1 Quick-Check |
Level 2 Standard Background-Check |
Level 3 Special Background-Check |
|---|---|---|
|
Classification:
For prospects or business relationships with low to medium risk. |
Classification:
For prospects or business relationships with medium to high risk. |
Classification:
For prospects or business relationships with high and very high risk. |
|
Result:
Enables initial assessment and provides information on whether further research is needed. |
Result:
Comprehensive overview of existing legal and reputational risks. |
Result:
Comprehensive overview of existing legal and reputational risks. |
