Global RADAR Launches New Beneficial Ownership Tool
Summary
This solution will add much needed relief to the rigors of regulatory compliance when onboarding new clients while reducing costs and improving the customer experience.Established by experienced individuals in the financial service space, Global RADAR is built on four pillars of compliance: Customer Due Diligence, Document Management, Watch List Screening, and Transaction Surveillance.Miami, FL, April 18, 2018 --( PR.com )-- Global RADAR has announced the launch of its latest offering aimed to make it easier for organizations to manage beneficial ownership requirements.The ruling requires covered financial institutions to collect and verify the identity of controlling parties and any beneficial owners.Global RADAR Check, the newest tool in a suite of anti-money laundering products by Global RADAR, enables users to create organizational structures through the “Ownership Mapper” utility and provides users access to corporate registries globally, including all US states.Established by experienced individuals in the financial service space, Global RADAR is built on four pillars of compliance: Customer Due Diligence, Document Management, Watch List Screening, and Transaction Surveillance.
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