Compliance Innovations started to expand the RAEMONDA software solution to facilitate the Luxembourg clients and target companies.
One of the most important issues within the Financial service industry is the ‘Customer Due Diligence’ (CDD) and the ‘Know Your Client’ principle (KYC). Your office needs to know who it is doing business with, what is the origin of the funds and for what purpose the business relation is used. You should therefore have sufficient information regarding the ultimate beneficial owner as well as the client and object company. Similarly, about the structure of the company. Your office should know for which purpose the structure has been set up and what kind of transactions are being processed through this structure. Additionally, you also need to make a risk assessment of the client and decide if that risk assessment fits your offices’ risk appetite. Unique features are our client acceptance and review questionnaires (CAF and CARF), our Transaction monitoring (cash and non-cash) and our integrated Sanction Checker.
Compliance Innovations started adjust Raemonda to facilitate the Luxembourg legislation and requirements for trust services. RAEMONDA will be an integrated package where you can work simultaneously for Dutch and Luxembourg clients and target companies, both in the Netherlands and/or in Luxembourg.
Would you like us to demonstrate how this is all working? Please contact us directly at + 31 (0) 85 48 91 829 or firstname.lastname@example.org