When collecting the required CDD documents, one of the core element of verification is the screening of clients. Even if as a non financial institution you have outsourced the compliance fundtion of clients screening, it is still important to understand the process and be able to verify the results.
Was a world check conducted?
If so, were all matches resolved as positive, possible or false?
If a passport check was conducted, were the matches validated?
While World Check is the main tool used in the screening of clients, it is important to do the right way, this will ensure that the screening and results are as accurate as possible.
