Customer Due
Diligence is required according to FIC Act (FICA) for all accountable
institutions.
The TPN
Enhanced Due Diligence Check verifies consumer information against
trusted third-party sources and numerous global databases, including those
specifically mentioned in the FIC Act.
- Search over
5500 Global Sanctions and Watchlists
Including the Targeted Financial Sanctions list from the United Nations Security Council (UNSC) as prescribed
by the FIC Act.
- Verify Political
influence and exposure using up to date local and global sources.
- Search
Global Adverse media.
When used with other TPN Credit Checks you are able to:
- Select the KYC Check to verify your applicants identity against South African Department of Home Affairs and confirm proof of address using golden sources
- Verify Income and bank account details directly with the bank
- Company Check to confirm Members; Directors and Shareholders to ensure you are checking all relevant parties.
