Do you verify data thoroughly before screening?
Do you analyze your master data with information from KYC to KYCC?
Do your operations, chartering, or compliance teams feel that the due diligence process could be improved, or are experiencing difficulties due to the complexities of compliance processes and reliance on other teams?
Do you conduct risk-based due diligence and have a process in place to regularly reassess high-risk counterparties without significantly increasing operational workload
Do you maintain an audit trail of all sanctions compliance processes at the operational level, and can you provide documentation (SCP) of your best efforts in maintaining sanctions compliance if regulators ask for it?
If you think MCaaS can help you with due diligence issues, data management problems or difficulties in obtaining counterparty data, please click on this link to get in touch with us to initiate the Due Diligence Action Plan.