The requirement to identify the beneficial owners of legal entity customers can be a challenge and increase onboarding times. 

This five-part white paper explores the most significant challenges faced by financial institutions in implementing the beneficial ownership requirement of the CDD Rule as well as recommendations for complying with the various requirements. Specifically, it overviews: 

• How to identify Beneficial Owners
• Collecting, storing, managing and maintaining Beneficial Ownership information
• Identity Verification for Beneficial Owners
• Opportunities for enhanced transaction monitoring and customer risk assessment from Beneficial Ownership data
• Documentation: The key to regulatory compliance 

Download your free copy, today. 

About Alessa

Alessa is a compliance, controls monitoring and fraud prevention solution for banking, insurance, fintech, gaming, manufacturing, retail and more. With deployments around the world, Alessa allows organizations to quickly detect suspicious transactions, identify high-risk customers and vendors and decrease fraud risks that reduces profitability and increases costs. 

Why Compliance Professionals Prefer Alessa 
•    One integrated platform for AML compliance 
•    Get a daily update of customer risk  
•    Expedited processes through automation 
•    Access to world-class partners 
•    Automate up to 100% of your regulatory reporting 
•    Ongoing support from our highly skilled team