Bulk Compliance Validation
The compliance of relationships involves all the necessary actions to monitor risks and make sure that they are real. The compliance levels of relationships, entities and contacts are interrelated and form a critical component of your overall compliance level.
Screening
Screening, is a process used by businesses and financial institutions to verify the identity of their customers and assess the potential risks of illegal activities such as money laundering, fraud, and terrorist financing. KYC screening is an essential part of regulatory compliance and is typically required by law in many countries.
KYC Provider Reconciliation Report
The KYC Provider Reconciliation report helps compliance users compare Privork screening records with the active KYC provider. It checks Contacts, Entities, and Relationships to confirm whether Privork and theprovider agree on screening status, monitoring status, and provider record names. Use this report to find records that may need compliance attention, such as records monitored in…
Make a relationship compliant
The compliance of relationships involves all the necessary actions to monitor risks and make sure that they are real. The compliance levels of relationships, entities and contacts are interrelated and form a critical component of your overall compliance level.
Compliance policies
“Compliance policies are one of the most important settings where you specify what are the needed documents and descriptors so the compliance level of some can be changed.”