Overview

The KYC & AML Compliance use case helps organizations identify, assess, and monitor potential compliance risks associated with business customers, suppliers, and partners.

By combining company information, beneficial ownership data, compliance screening, and monitoring, organizations can build a complete customer due diligence process that supports regulatory requirements while reducing manual effort.

The result is a faster, more consistent, and auditable compliance process.

Business Challenge

Organizations are increasingly required to understand who they are doing business with.

This often involves:

• Identifying Ultimate Beneficial Owners (UBOs)
• Screening organizations and individuals against sanctions and PEP lists
• Assessing potential compliance risks
• Maintaining audit trails
• Monitoring for future changes

Many organizations still perform parts of this process manually, resulting in high operational costs, inconsistent outcomes, and slower onboarding.

Typical Customers

This use case is commonly used by:

• Banks and financial institutions
• FinTech companies
• Insurance companies
• Legal firms
• Trust offices
• Accountancy firms
• Corporate compliance teams

Typical Flow

Search company
↓
Retrieve company profile
↓
Determine UBOs
↓
Perform compliance screening
↓
Assess risk
↓
Start monitoring

Recommended APIs

NL Organizations API

Retrieve company information such as:

• Company name
• Registration details
• Legal form
• Status
• Management information

UBO Investigation API

Determine the Ultimate Beneficial Owners of an organization and understand complex ownership structures.

Compliance Screening API

Screen organizations and individuals against:

• Sanctions lists
• Politically Exposed Persons (PEP)
• Adverse media sources

Official Documents API

Retrieve official source documents that can support due diligence processes and audit requirements.

Monitoring API

Monitor changes that may impact a customer’s risk profile.

Examples:

• Management changes
• Ownership changes
• Address changes
• Bankruptcy events
• Deregistration events

Business Value

Faster Customer Due Diligence

Reduce the time required to assess new customers and business relationships.

Improved Compliance

Support KYC, AML, and regulatory obligations through automated checks and reliable data sources.

Reduced Manual Effort

Automate repetitive compliance activities and reduce operational workload.

Better Risk Management

Identify risks earlier and maintain visibility throughout the customer lifecycle.

Auditability

Maintain a clear audit trail supported by official source information and investigation results.

Example Scenarios

Business Customer Onboarding

A financial institution validates a new corporate customer, identifies its UBOs, performs compliance checks, and starts ongoing monitoring.

Supplier Due Diligence

A large organization screens suppliers and partners before entering into a business relationship.

Periodic Customer Reviews

An existing customer portfolio is reassessed using updated ownership and compliance information.

Embedded Compliance Workflows

A SaaS platform integrates compliance screening and UBO investigations directly into its onboarding workflow.

Related Use Cases

• Customer Onboarding & Enrichment
• UBO Investigation
• Continuous Monitoring
• Supplier & Third-Party Risk