CDD Rule Due Diligence Made Easy with One Click Compliance from NominoData
Summary
Incline Village, NV, November 14, 2017 --( Al Macdonald, founder and CEO of NominoData states, "The changes include comprehensive data access to corporate beneficial information as well as information about individuals and entities including but not limited to Negative News, Sanctions and PEPS." One Click Compliance provides this beneficial information in combination with key and specific Negative News, Sanctions and PEP data pertaining to the individual or entity.Incline Village, NV, November 14, 2017 --( PR.com )-- NominoData has announced a release of an updated version of One Click Compliance with new designs for enabling financial institutions who are struggling to meet the upcoming challenges of the new CDD rule.Al Macdonald, founder and CEO of NominoData states, "The changes include comprehensive data access to corporate beneficial information as well as information about individuals and entities including but not limited to Negative News, Sanctions and PEPS."The CDD Rule outlines explicit customer due diligence requirements and imposes a new requirement for financial institutions to identify and verify the identity of beneficial owners of legal entity customers, subject to certain exclusions and exemptions.Robert A.Goldfinger, President of NominoData commented, "FinCEN guidance in their rule Q and A defines who is the beneficial owner is."One Click Compliance provides this beneficial information in combination with key and specific Negative News, Sanctions and PEP data pertaining to the individual or entity.
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