ID verification for individuals and entities
A multi-source identification and alert process, which incorporates numerous identity validation and business source databases. It automatically compiles all the information you need to satisfy BSA & Patriot Act requirements and serves as a cornerstone of your Red Flag Regulations program. Searching literally billions of records instantly, the program delivers the intelligence you need to make an immediate decision.
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AuthenticationEnhances your Identification Verification process by creating a list of questions to which the answers could only be known by the true owner of the ID, returning results instantly.
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Beneficial Ownership ServiceBeneficial Ownership Service: Beneficial Ownership Service: Provides a means of collecting all FinCEN required information according to the final beneficial ownership rule, regarding Beneficial Owners of 25% or more of a business entity. This service also automates the creation of CIP records for the Business Entity, individuals opening accounts, and an executive or senior individual managing the business entity. In addition, a FinCEN suggested form is created in the permanent CIP record for future use.
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Customer Due DiligenceEnables the development of comprehensive questionnaires that deliver risk-scoring during the account opening process.
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Negative VerificationConfirms that customer is not on watch lists
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Accordion Item OFACAutomatically checks your customer data against the current OFAC lists.
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Positive Verification
Confirms that presented information is accurate -
Logical VerificationConfirms that presented information is cohesive
Beneficial Ownership - Explain the new rule to your customers
Customer Due Diligence Data Sheet
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