KYC – Detect violations, minimize the risk of reputational damage
With KYC MORE, CRIF offers companies a holistic solution that enables them to verify the identity and relevant master data of their business partners to ensure a secure business relationship.
It goes beyond simple identity checks – KYC MORE also analyzes company structures and uncovers connections to other companies or individuals. This is particularly important when identifying the beneficial owners of a company and its representatives, to ensure transparency regarding decision-makers and thorough screening of sanctions lists and other relevant directories. This allows potential violations to be detected early and minimizes the risk of reputational damage. It protects companies from unintended collaboration with potentially dangerous partners. Furthermore, KYC MORE enables companies to monitor the cash flows and transactions of their business partners. This allows suspicious activities to be detected in a timely manner, and companies can immediately take appropriate measures to contain any risks or cases of fraud.
