What is the goal of the risk assessment?

The goal of the risk assessment is to efficiently classify the risks of clients, customers, dealers, investors or buyers across various risk categories and to derive the appropriate measures for meeting due diligence obligations. This enables companies to meet regulatory requirements such as record-keeping and documentation obligations with minimal effort.

In an increasingly complex regulatory environment, risk assessment helps GwG-regulated companies use limited resources efficiently and turn compliance into a strategic advantage. By combining data, technology and human expertise, risks can be assessed automatically and individual review cycles defined, resulting in more effective compliance management.

Here is an overview of our risk assessment features:

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AML screening

With our automated AML screening and ongoing monitoring solutions, you can screen your clients / customers for politically exposed persons (PEP), sanctions lists and adverse media. As soon as our AML engine finds a match, you're notified to review it.

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Politically exposed persons (PEP), sanctions lists, adverse media

Stay compliant and fight financial crime by screening users against global PEP watchlists and sanctions lists. Our lists in BetterCo are updated in real time, so you always stay on track when there are updates or new entries.Scan millions of sources for adverse articles about your clients and customers with a single click.Our AI-powered AML integration identifies in seconds

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Due diligence & review cycles

Based on your risk assessments, we derive the due diligence obligations for you, fully automatically.

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Risk report

Once you have completed the risk assessment for your client/customer, a risk report is created fully automatically and stored in the digital matter file. This way you can always provide information on request and have all relevant data at hand with a single click.

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Risk dashboard

In your personal risk dashboard, you can analyze the risk position for companies or individual professionals/partners at any time by criteria such as origin, organizational structure, legal form and risk structure – and audit-proof reports mean you're always ready to provide information.

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