Graydon UBO Check
Automated identification of UBOs to comply with laws and regulations.
Would you like to prevent doing business with parties involved in fraud, money-laundering or negative publicity? To institutions within the scope of the Anti-Money Laundering Legislation, finding the UBO or Ultimate Beneficiary Owner and checking against sanctions lists or negative publicity is mandatory.
Not only upon entering new business relations; but also during the relationship and for specific transactions. All such steps must be saved to provide proof of compliance. Automating this whole process will save you a lot of time and money, avoiding unnecessary problems and high fines.
UBO and compliance check
Company and shareholder structures are often complex. This makes finding the UBO a challenging task.
The Graydon UBO check enables you to identify the UBOs of an organisation by pressing a single button. Subsequently, the system gives you the option of screening your UBO for sanctions lists, inspection lists, PEP lists and negative publicity.
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You will always have a result at hand that can be used for your audit trail and other evidence. Additionally, each step is saved to a high-security online archive. You can automate the UBO Search or the entire Know Your Customer process, avoiding any manual tasks.
To start with a clean slate, we will perform a one-off screening of your full relations database for UBOs and any risks. This ensures quick and efficient compliance with legal requirements relating to money-laundering, and prevents potential reputation damage.
Compliance legislation is also very complex. Graydon keeps a close eye on the legislation and adapts its solutions to the most recent legislative changes.
[VIDEO] Animated infographic - UBO (in Dutch)
The 10-step plan in this video has been compiled on the basis of a WWFT 10-step plan by the authors B. Snijder-Kuipers, A.T.A. Tilleman and DS Kolkman and originally published in 'Tijdschrift voor de Ondernemingsrechtpraktijk' (TOP 2008/6), September 2008, 205-209 and published as an appendix in 'Tijdschrift voor de Ondernemingsrechtpraktijk' (TOP 2018/8) December 2018 p . 23-26. No part of this publication may be reproduced or published in any form or by any means, electronic, mechanical, by photocopying, recording, or in any other way, without the prior written permission of Sdu B.V. and the authors or without full credit as above.