Services ｜ Compliance Advisory ｜ Due Diligence
Due Diligence requirements
Compliance with financial crime regulations requires financial services firms to conduct due diligence on customers and agents during onboarding and at regular intervals thereafter. This process begins with Simplified Due Diligence (SDD) for those assessed as 'low' risk, allowing them to move swiftly through the onboarding stages without additional checks.
However, when customers or agents are classified as 'normal' or 'high' risk, a more thorough risk assessment is necessary. This includes broader Customer Due Diligence (CDD) and, in certain cases, Enhanced Due Diligence (EDD) which may involve specialist onsite reviews for financial crime risks.
CAM is a regtech service tailored for banks, crypto assets, fintechs, fund administrators, payment institutions, and other organizations that need to onboard and conduct ongoing due diligence on entities posing a compliance risk.
Utilizing our service streamlines the Customer and Enhanced Due Diligence processes, enhances the experience for customers or Payment Services Agents, and offers an interactive data reporting studio. This studio provides in-depth risk insights and business intelligence, facilitating more informed risk and compliance decisions.
How does it work?
Collect
Innovative e-audit provides efficient risk and compliance data collection and streamlines the onsite review should this be required.
Analyse
Due diligence questions and risk scoring system defined and managed by AML/subject matter experts, providing a quality assured and consistent method of assessing risk.
Monitor
Log into CAM to view individual applicant information, build your own risk reports, for peer comparison and to explore trends.
What are the benefits of utilizing our Due Diligence service?
Quality assured process, led by subject matter experts
Our subject matter experts oversee a quality-assured risk assessment system, ensuring compliance with Money Laundering Regulations for identifying financial crime risks.
Enhanced data insights for informed choices
Access CAM anytime for informed decision-making. Evaluate risk, review applicant documents, monitor trends, track risk over time, and compare with industry peers.
Save time, fast report production
Say goodbye to time-consuming risk reporting with outdated tools. Access downloadable graphs, charts, and reports instantly.
Transparent and traceable, evidences compliance
Our solution provides a digital audit trail for transparent and traceable due diligence processes, demonstrating control to regulators and stakeholders.
Reduces onboarding costs
Using technology to combine Customer Due Diligence and Enhanced Due Diligence for a more efficient and selective approach through e-audits and onsite reviews