compliance outsourcen
Outsource the Wwft screening of your clients and suppliers
Altares is the only provider where you can fully delegate KYC (Know Your Customer) and AML (Anti-Money Laundering) investigations.
- Comply with the Wwft
- Avoid risks, penalties and large fines
- Without having any knowledge yourself
Compliance obligations?
We perform the complete due diligence process
Banks and regulators are increasingly demanding that companies screen their customers and suppliers to comply with the Wwft (Anti-Money Laundering and Terrorist Financing Act). A logical measure, but for many organizations, this is a challenge. Identifying (pseudo-)UBOs, verifying international corporate structures, and screening against sanctions lists requires specific expertise. This is a complex and time-consuming process. That's why we take this investigation off your hands completely. The result? As an organization, you minimize the risk of fines and sanctions, and the bank is satisfied.
We take care of the complete compliance process
No specific compliance knowledge required
Global coverage through international data
We take care of the complete compliance process
No specific compliance knowledge required
Global coverage through international data
For which companies is outsourcing ideal?
Compliance without worries
Our service is designed specifically for organizations that face stringent Wwft requirements but do not have internal KYC analysts or compliance staff. Consider:
- SMEs exporting (expensive) goods abroad
- Logistics service providers with international transportation lines
- Companies with large financial flows between EU and non-EU countries
Compliant without worries in 7 steps
Our in-house compliance specialists handle the process from A to Z
- Upload your available data
- We match it with D-U-N-S numbers
- We collect company information
- We screen all business relationships
- We check the sanction lists
- We report on the results
- Optional: Continue monitoring
Starting outsourcing right away!
Let our experts conduct compliance and due diligence on business partners. Save time, minimize risk and comply with bank requirements.
These companies already chose our compliance solutions
Compliance obligations?
With data on more than 600 million companies, our Data Cloud is the world's most comprehensive collection of business data and analytical insights. That's why companies around the world, including nearly 90% of the Fortune 500, rely on our data to make critical business decisions.
We have data from 600 million companies worldwide
Our Altares D&B Data Cloud is enriched daily with information from more than 30,000 verified sources. Thanks to the patented quality process, we guarantee always up-to-date data on more than 600 million companies worldwide.
Screening business associates (KYC)
Our experts identify directors, shareholders, (pseudo-)UBOs, and other stakeholders of business partners for you. You receive a complete overview without having to conduct a know-your-customer investigation yourself.
Checking sanction lists
We screen all relationships against international PEP and sanctions lists, with a specific focus on Russia and Belarus. We also investigate whether the parent company or UBOs of each business pose a potential sanction risk.
Retrieving company information
We find all relevant company information, even without a Chamber of Commerce registration. Through D-U-N-S numbers, we identify companies worldwide and provide up-to-date data on addresses, legal form, company size and trade names.
Analysis of corporate structures
We map out international corporate linkages and stakeholders for you. You gain immediate insight into parent, subsidiary, and sister companies, along with all their interconnections.
Audit trail
Our experts document all findings and research steps in a structured online audit trail. This provides a complete due diligence overview that is readily available for accountability to regulators.
White paper
The 10 most common compliance myths
- Download our white paper now and discover:
- Which myths make the compliance process unnecessarily complex
- How automation helps you work more efficiently
- Practical tips for a smoother due diligence process
PDF of 26 pages (0.2 MB)
question and answer
FAQ about compliance outsourcing
Altares takes over this investigation entirely for you. We use our Dun & Bradstreet Data Cloud, with the most comprehensive and reliable data worldwide, to gain insight into (pseudo-)UBOs. We find and screen all your customers and suppliers in a fraction of the time you would spend yourself.
Don't worry about limited customer data. We work with the available information you have, such as contact details, VAT numbers, or Chamber of Commerce registrations.
Our process works as follows: you share the available customer data, and then we match it with our global database and enrich the information. Even with limited initial data, we can identify companies and their structure, and screen them against sanctions lists.
Tighter or amended laws and regulations may require you to re-screen your customers, suppliers, or other business relationships. Our experts can automate your due diligence obligation with continuous monitoring.
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