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ACQUIRE

• Buy Prospect Data
• Optimise Campaign Performance
• Enhance Data Quality
• Predict Customer Behaviour

VERIFY

• Verify a Commercial Entity
• Electronic Customer Identity Verification
  • Meet Your AMLCTF Obligations
  • PEP and Sanctions Screening
• Verify Assets

ASSESS

• Investigate Credit Worthiness
• Corporate Risk Assessment
• Investigate Insurance Risk
• Check Tenancy History

PEP and Sanctions Screening

Veda now also provides access to the most comprehensive official Politically Exposed Persons (PEPs) & Sanctions Screening lists through our trusted partner, Accuity, who have been providing screening services globally since 1994.

Like Veda, Accuity relies on proprietary matching algorithms which are the key to optimal efficiency for interdiction screening. The screening solution allows you to access the core data through a batch interface or through a customisable case management interface that is accessible via any web browser.

You can select which screening lists and services you wish to access directly through the usual Veda channels on a bundled or stand- alone basis. Combined with Veda's verification suite of solutions, the screening services provide a holistic view of your customers for assessment under your Know Your Customer (KYC) platform.

Business benefits

Our PEP & Sanctions Screening Suite has formed an integral part of our customer's businesses, assisting them to manage their AML/CTF obligations and provide:

• Superior protection with access to more PEPs than any other source
• Superior access to quality data to help you to identify higher risk individuals that require further due diligence
• Reduction in false positives rates
• Clear evidence instantly to partners and regulators on the identity verifications performed.

Why do I need PEP & Sanctions Screening?

If you have an AML/CTF obligation, you have a responsibility to exercise due diligence to identify whether your customer is a potential PEP and whether they should be subject to additional checks to identify them as such.

The Financial Action Task Force (FATF) defines PEPs as:

...individuals who are or have been entrusted with prominent public functions in a foreign country, for example Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials. Business relationships with family members or close associates of PEPs involve reputational risks similar to those with PEPs themselves. The definition is not intended to cover middle ranking or more junior individuals in the foregoing categories."[1]

[1]If you require more information regarding PEP & Sanctions Screening in accordance with your legal obligations, you need to review the AML/CTF Act and Rules and obtain independent legal advice.

[1]Financial Action Task Force, Glossary to the 40 Recommendations, www.fatf-gafi.org/glossary/0,3414,en_32250379_32236889_35433764_1_1_1_1,00.html

For more information on our products and services designed to help you target customers, verify identity and assess risk and potential

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Electronic Customer Identity Verifiction

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