Solution introduction
A CCM platform provides a centralized hub that holds all the compliance data for your clients
The platform utilizes an advanced algorithm to determine the ultimate beneficial ownership of clients, even where complex ownership structures are involved, and is able to seamlessly integrate risk matrix, verification, screening and monitoring applications, associated to the relevant client
Over time the platform will build an accurate client lifecycle record including significant events, such as a change in beneficial ownership or country of residence and any resulting re-risk assessment. Statutory reporting and compliance audits can be easily complied with as all relevant data is centralized and associated.
The platform also enables integration of more advanced automated functions, such as automated compliance with the OECD Common Reporting Standard (CRS). Automated compliance with complex regulations, such as the CRS, is only possible where AML | CTF data is held in a centralized CCM platform.
