Comply with new regulations regarding the true owners and stakeholders of your entity customer in an efficient, automated way with FinScan’s end-to-end UBO solution.Regulatory Deadlines:
Multiple regulatory bodies at the national and international levels have issued new rules requiring financial institutions to identify and verify beneficial owners of their entity customers prior to and while doing business with them. Currently, many organizations depend on self-reporting from customers or conduct resource-intensive, manual customer due diligence (CDD) in order to understand the ownership structure of private businesses.
FinScan enables a streamlined onboarding process that minimizes manual effort and reduces risk to provide greater customer satisfaction. Our complete beneficial owner due diligence solution includes the global UBO database, instant identification and verification capabilities, and automated sanctions and PEP screening of the owners and directors of an entity.