Compliance and KYC

Compliance check in the Wirtschafts-Compass

The compliance check in the Wirtschafts-Compass is a comfortable service for your compliance management and the KYC process. There is an increasing focus on the concept of Know Your Customer, especially when it comes to complying with statutory anti-money laundering requirements.

The Wirtschafts-Compass provides a quick insight into businesses and persons and their backgrounds as a valuable basis for your compliance checks.

Politically exposed persons (PEP)

Persons who hold a high-ranking, important office or work in a government-related business enterprise are marked as "PEP" in the Wirtschafts-Compass.
"PEP relation" indicates a close relationship with a politically exposed person.

An international person search can also be done in the Wirtschafts-Compass via the "PEP-Checker".

Compliance-Screening

The screening is available as both Company Compliance Screening and Personal Compliance Screening. The results are summarised concisely and clearly in a PDF report.

Screening is carried out for sanctions, beneficial owners, insolvency, dummy companies, relation to Russia and late filing of financial statements. Politically exposed persons (PEPs) are also reported. Additional information provides a detailed insight, for example, into a sanction or insolvency proceedingss.

This gives you an up-to-date overview of your customers, suppliers and business partners. For more information on compliance screening visit: wirtschaftscompass.at

Sanction lists

International sanctions lists are processed on a daily basis and can be viewed including all details of the relevant sanction. Businesses and persons are marked in the Wirtschafts-Compass as soon as they appear in a sanction list.