Acuant Compliance
// Know Your Business

< AI-Powered Solutions for KYB>

Efficiently Onboard Businesses, Reduce Risk & Stay Ahead of Regulations

 

Know your business (KYB) is key to ensuring that you are not onboarding businesses that will use your platform as a financial rail for illicit activities like fraud, terrorism, human-trafficking and other forms of corruption. Acuant Compliance delivers an industry leading solution to make your KYB operations more efficient through process automation.

 

Leverage our platform’s risk based approach, orchestration layer and workflow feature set to achieve automation in the business verification and due diligence process. Verify businesses with a high degree of accuracy using global data sources to verify the validity of the businesses, perform proper consumer due diligence on UBOs (Ultimate Beneficial Owners), while making sure you are not dealing with sanctioned entities and performing enhanced due diligence on PEPs. Get the compliance and operational reports your team need. Maintain a proactive compliance program, be ready for auditors and stay prepared for stricter regulatory requirements. Our platform’s flexibility enables you to be ready to respond quickly to new legislative developments. We allow you to request additional information or tailor your onboarding form as needed.

 

Combined with our patented Digital Identity technology eDNA®, we help verify everyone you encounter including foreign nationals, unbanked, under-banked, high-risk individuals such as politically exposed persons (PEPs) and individuals associated with known bad actors. Our platform gives you the ability to create digital identities, build an identity from customer data and verify it against our proprietary Trusted Identity database in real time.

BENEFITS

Efficient Onboarding

 

Tailor the onboarding experience for each customer, automatically process trusted users, and pass the exceptions to manual review.

Expand Your Business Globally

 

Our platform with our patented eDNA® technology helps verify every entity (businesses and their UBOs) you do business with.

 

Prevent Fraud & Financial Crime

 

Use global data sources to verify validity of businesses, perform proper consumer due diligence on UBOs and PEPs.

Proactive Planning

 

Maintain a proactive compliance program, be ready for auditors and stay prepared for stricter regulatory requirements.

How Do You Automate the Review of Businesses for Risk & Compliance?

If your company provides financial services to businesses, you’ll need to optimize your KYB (Know Your Business) processes to efficiently onboard new customers, without exposing your company to fraudulent actors and their illicit activities. This White Paper takes an in-depth look at what KYB is, who should perform it and what the process entails.

HOW WE DO IT

  • Business Verification: verify EIN, TIN; match business or DBA with provided/registered addresses & more

  • Document Verification: upload & authenticate documents in seconds

  • Enhanced Due Diligence: extra screening for suspicious identities

  • Rule-driven Cases: set specific rules or thresholds for triggering alerts & cases

  • Event Driven Alerts: customize alerts based on any event including user profile changes

  • Case & Queue Management: prioritize cases & assign to analyst accordingly

  • Staged KYB: risk-based approach to balance the customer experience with needed due diligence

  • PEPs & Sanctions Screening: screen business & Ultimate Beneficial Owners (UBOs) against lists in all jurisdictions (including OFAC & EU Freeze lists)

  • Automated List Matching: screen businesses against sanctions lists, full coverage with low false positives

    • Real Time Risk Scoring: machine learning & graph intelligence quickly identify risk
  • Continuous Monitoring: continuously update client data

Why Acuant Compliance

 

Acuant Compliance has everything you need to meet regulations, manage fraud and fight financial crime in one platform. With KYB and KYC compliance solutions integrated in a single platform, we make it easy to perform business verification and due diligence, risk assessment, CDD/EDD for Ultimate Beneficial Owners (UBOs), using rules, case management, continuous monitoring and more. Acuant Compliance offers highly accurate risk assessment on all channels allowing you to safely accept good customers.

Questions?

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