Third-party identity verification and data enrichment?

An anti-corruption or AML-CFT includes a preventive procedure to assess the integrity of third parties. The aim of this assessment is to guard against the risks of a breach of probity to which an organization is exposed by its relationship with a third party, be they customers, suppliers and service providers, intermediaries, subcontractors, holders of public contracts, concessionaires, delegatees, beneficiaries of subsidies, users, partners, etc., i.e. any natural or legal person with whom the company has a relationship and who may expose it to potential risks of a breach of probity.

APScan enables you to identify sensitive people: those under sanctions/ asset freezes (national, EU & international sanctions, Assets Freeze), politically exposed persons (PEP) and their relatives (RCA - Relative & Close Associates), reputational risks / negative press (AME - Adverse MEdia), Country risks (EmbargoVigilance), other open data lists...

This detection is done using fuzzy logiclogic imposed by regulations.

Identity verification is carried out beforeAPScan, using an internal tool where you have collected information on the third party and supporting documents. The more qualitative input data we have: Last name, First name, Gender, Date of birth, Country of birth, Nationality, SIREN... the more our filtering limits false positives. AP Scan integrates more than 70 parameters, enabling us to precisely define which alerts to exclude when screening for sanctions / PEP / Adverse Media.

APScan performs data enrichment:

• Obtaining the Beneficial Ownersfor a legal entity: the Sapin II - Anti-corruption law, even requires that companies subject to the law check that the BEs declared by their Third Parties (customers, suppliers...) are the same as those referenced by the authorities,
• Possibility of obtaining additional information about the legal entity,
• Verification of the validity of the Orias number (Organisme pour le Registre unique des intermédiaires en assurance, banque et finance, an association under the law of 1901, under the supervision of the French Treasury).
• ...