Screening, KYC & Risk classification
Screening (PEP and sanctions) and risk classification of customers including continuous updates of Beneficial Owners and organisation representatives.
By using CM1 to perform due diligence on new and existing customers, you can easily and efficiently run checks on your customers against the PEP and Sanctions lists required by law. The controls can be done in real time via API, daily through continuous screening and manually.
With the CM1 risk engine you can categorize your customers based on the risk parameters you have identified in your business. Risk classification of customers can be done in real time via the API, as well as continuously throughout the business relationship.
Transaction monitoring rules can be set up with direct connection to different risk classes on customers.
To our risk engine we also have the additional services Specially exposed areas and Taxed Income.
Opportunity for daily updating of beneficial owners via domestic suppliers in Sweden, Norway and Finland are continuously checked against PEP and Sanction lists. It also is possible to use the CM1 API for checking Benificial Owners.
It is also possible to use information about ownership structures (SCO/Sanction Control Ownership) and adverse media.
Read more about KYC here: