The European Union publishes who is on a sanctions list. Names look alike, and a hit is almost never immediately clear. That is why this is work that often gets postponed and sometimes gets skipped.
Raydo makes the comparison and shows what it finds, with the list and the date alongside. If Raydo is in doubt, Raydo stops and puts the case to you. Raydo never approves here itself.
Answers your question. After that the work is still there.
Sees for itself what has to happen and prepares the work for your approval.
Four actions, and no more than that. Raydo looks and changes nothing.
Whether a new customer's name appears on the European sanctions lists
How certain the match is, and which list the name is on
A doubtful case put to you, with the source reference alongside
The date Raydo ran the check
Raydo compares and puts forward. Raydo never clears a customer itself and never turns a customer down itself.
The check runs along with the rest of the onboarding, not as a loose chore afterwards.
Before you signCompany checkBefore the agreement goes out the door, the check is in the file.
On requestCustomer pictureThe outcome sits in the customer picture, with the list and the date alongside.
Whenever you want to know somethingLooking things upAsk about a name and the answer comes with the source reference alongside.
Beta partners have a say in which tasks come next.
Read what the beta programme involvesCompare a name against the European sanctions lists
Show how certain a match is and which list the name appears on
Stop on doubt and put it to you
Decide by itself that a customer is in order
Decide by itself that a customer should be turned down
File a report with a regulator
This is an aid to your check, not a replacement for it. Responsibility for customer due diligence sits with you and your organisation.
Against the sanctions lists the European Union publishes. No permission is needed for that, because the lists are public.
With the list, the degree of match and the date alongside.
On doubt Raydo stops and puts it to you. Raydo never approves.
Raydo compares against lists the European Union publishes openly.
Every check says when Raydo ran it and on which list something was found.
Everything Raydo keeps from this stays inside Europe.
Raydo draws no conclusion here and files no report on your behalf.
No, not by itself. Raydo runs a check and records what it found. Whether your customer due diligence meets what applies to your sector is for you to judge, with somebody who knows the subject.
Raydo stops and puts it to you, with the list and the degree of match alongside. Raydo takes no decision here itself.
Raydo shows how certain the match is and invents no certainty that is not there. Doubt is called doubt.
Not yet. Raydo starts with the European sanctions lists. Whether and how PEP lists are added, we decide together with the beta partners.
Yes, in the customer's file, with the date alongside, so you can show later when you looked.
We take on a small number of companies as beta partners. We run alongside you for four to six weeks on your own data, and it costs you nothing. Together we measure where things stand up front, so at the end you can see what changed.