Automatic checks as part of the software?

General Support
1

Hi Mathew,
When setting up a new client on the software, what checks, if any, are performed automatically, such as against PEP’s and Sanctions lists?
Kind regards

2

Hi @Bagpipe

The free PEP and free financial sanctions checks are carried out, providing they are enabled in your account. This can be checked by going to Settings >> KYC Templates >> Automated Checks. If there’s a match, it will be displayed on the client itself.

If you have risk scoring set up, these are also calculated and displayed when viewing the client.

Hope this helps!

3

Hi Mathew,
Thanks for the speedy response - we have the PEP and Sanctions Check auto enabled.
Can you let me know a little more about the risk scoring - is this something we have to devise internally ourselves?
We needed to add some further non specific documents to a particular client and found that the easiest way was to create an additional KYC check…and called it “further documents”. At least this way, all the documents are easily found together in the same place.

4

Hi @Bagpipe

That’s correct. It would depend on your own risk assessment, but you can add checks based on country, nationality, or client type for example.

It’s still a fairly new tool, so feedback on things you’d like to see added here is welcome! :slight_smile:

5

Hi Mathew,
Can you private message me, to discuss this and other matters.
Many thanks