How do Shell Corporations work?
Many business owners will have heard of shell companies, and it’s a topic that is important to understand in order to effectively protect ...
The RFA database uses an algorithm created in-house to provide extensive information to highlight risk and changes in status fast, protecting our customers and their business interests.
RFA’s EDD checks go beyond the enhanced due diligence checks performed by many companies, using a wider range of data points to identify and report potential risk before it happens. Using high quality data sources and in line with the 6th AML directive, RFA offer fast, up to date enhanced due diligence checks to keep organisations compliant and out of danger.
How It Works
Red Flag Alert’s enhanced due diligence process follows a simple process to create a fully compliant EDD check for high risk clients and suppliers:
1. Verify customers' identity using digital ID
2. Screen ID and information against PEPs and sanction lists
3. Identify which customers may require EDD
Knowledge Base
Topics covering Sales and Marketing, Risk Management, Data, AML and Compliance, and more
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