Global Identity Check

1. Global Identity Check Global Identity Check Today’s global economy allows companies to reach a wide range of clients. But with this expanded market comes the need to verify users in order to be compliant with anti-money laundering (AML) policy. Know Your Customer (KYC) procedures give businesses the ability to verify the identity of a client and, in doing so, the ability to assess the potential risk of doing business with that specific client. Not only is this a critical business practice for companies operating in the modern economy, but non-compliance can also lead to fines, sanctions, and a tarnished reputation for your company. Workseer's effective KYC solutions save you from these consequences and grant peace of mind in your establishing customer identity, understanding customer motivations, and determining the level of risk associated with doing business with a particular client.

2. The rules and regulations that govern international trade are becoming more complex and intertwined every year. Facing consequences such as fines, loss of export privileges, and even criminal prosecution, international shippers must feel confident in their ability to assess if their partners, customers, or other contacts are designated as restricted parties. What would be impossible to do manually is made easy with WorkSeer.

3. Workseer screens the business and individuals for a variety of identity checks from the database of hundreds of global lists and validates the background of the searched entity or individual. Workseer is focused on making identity verification an easy experience, helping your users get verified on the first try and keeping out the criminals, while stopping fraud. We allow customers to Fight financial crime and convert more customers Know Your Customers (KYC) Today’s global economy allows companies to reach a wide range of clients. But with this expanded market comes the need to verify users in order to be compliant with anti-money laundering (AML) policy. Know Your Customer (KYC) procedures give businesses the ability to verify the identity of a client and, in doing so, the ability to assess the potential risk of doing business with that specific client. Not only is this a critical business practice for companies operating in the modern economy, but non-compliance can also lead to fines, sanctions, and a tarnished reputation for your company. Workseer's effective KYC solutions save you from these consequences and grant peace of mind in your establishing customer identity, understanding customer motivations, and determining the level of risk associated with doing business with a particular client.

4. Know Your Business (KYB) With global threats of fraud and other criminal activity abound, your company needs powerful tools to identify the companies with which you do business. WorkSeer’s thorough Know-Your-Business (KYB) compliance checks verify business identity, ownership, and other attributable information, allowing you to avoid the costly penalties of non-compliance. This business verification data can also be monitored over time, regularly checking financial transactions under Enhanced Due Diligence (EDD) procedures, similar to those followed in the Know-Your-Customer (KYC) compliance process. Latest Global Lists Workseer's experience trade content team updates our global list database daily so that you are working from the most up-to-date information when conducting any of the multiple identity check options that we offer to validate customers and businesses in real time. Customized Identity Checks WorkSeer users can configure their trade content lists and tune the screening logic behind the identity check service so that they best fit the needs of their organization.

5. Powerful Screening Algorithm WorkSeer utilizes a powerful screening algorithm that ensures compliance when conducting identity checks while minimizing the occurrence of false positive indications. Real-Time & Bulk Identity Checks for Clients & Businesses From More Than 300 Global Lists We provide a scalable compliance solution with the options to screen individuals or business through the User Interface or REST APIs. Global Trade Management records are automatically screened against the global identity lists and the screening reports provides details for the compliance managers to take decisions to put the customers on actual hold or override hold. Our team of 50+ global content specialist regularly update the global lists to provide the latest data for screening. The biggest challenge in developing the algorithm for screening the individuals & businesses is to ensure that the real Restricted/Debarred party is caught and at the same time there should not be lot of false positive hits. A very powerful and highly configurable screening API ensures that both these requirements are perfectly handled.

6. Superior KYC Data Sources Workseerutilizes official data sources for more than 100 countries. With such a comprehensive database from which to pull key indicators, Workseer provides a clearer picture of the assessment of risk for a potential client. Such risk factors include money laundering, fraud, or the misdirection of funds to finance nefarious activities, such as terrorism. Additionally, our powerful KYC tools allow you to sort through the variances in regulatory legislation across regions and countries, increasing the speed and accuracy with which you conduct your business. Finally, Workseer's KYC system offers easy integration with existing systems and processes and can be further customized for the specificities of your business. Key Benefits Ability to screen customers and trading partners against over 300 regularly updated lists of restricted parties and entities, embargoed countries, and debarred individuals. Flexibility to conduct ad-hoc screening against single records or automated batch screening as an ongoing program. Avoidance of non-compliance consequences such as fines, loss of export privileges, and even criminal prosecution. Reduced corporate risk and demonstrable reasonable care via the provision of a complete audit trail of denied parties screening activity. Increased efficiency and lowered costs through integration with other enterprise systems using WorkSeer‘s Open APIs. Customization due to the customizable nature of our cloud-based architecture so that multiple organizations within a company can utilize different software configurations.

7. Contact Us We are open from Monday through Friday daily from 9:00AM to 6:00 PM Mail Us - support@workseer.com For More Info: https://www.workseer.com/global-identity-check.php For Sales Inquiries +1 240 686 0512 OUR LOCATION 438 N Frederick Ave # 303, Gaithersburg, MD 20877