CDD/KYC OSINT solution enables financial institutions to more efficiently risk assess customers, prospects and ultimate beneficiaries in line with internal, domestic and global CDD and KYC regulations.
Financial Institutions must verify the true identity of prospective and existing clients and their ultimate beneficiaries in order to assess their potential risk in accordance with local and global regulations and internal risk appetite as part of its Risk Based Approach. CDD supervisors and analysts need a complete picture of a full customer risk profile and must ensure their customers are continuously risk rated for any changes to their attributes that may impact their risk scores such as updates to the Ultimate Beneficial Ownership (UBO) status.
Open Source Intelligence (OSINT) is one of the most valuable and powerful investigative tools being used in today’s day and age for investigating everything from counterfeiting and piracy, to researching the background of a potential business partner or witness in a case. It is also a great tool to develop competitive intelligence. You never know what you will find until you conduct deep OSINT.