Académique Documents
Professionnel Documents
Culture Documents
High
Effort
Highly complex
International
Simple
Individuals
Sole Traders
Simpler entities
Pty Ltd
Businesses
SMEs
Complex
Corporate structures
Master facilities
Public companies
Related entities
Low
Effort
Simple
Customer structure
Complex
*A Reporting Entity is defined by AUSTRAC as an individual, company or other entity that provides a 'designated service' as defined
in the AML/CTF Act. Reporting entities include banks, non-bank financial services, remittance (money transfer) services, bullion
dealers and gambling services.
02
Key benefits
Vedas AML/CTF solutions can help you to:
D
iscover the true situation of a companys beneficial ownership and control simply and easily.
O
n-board customers quickly by reducing manual effort and accessing multiple integrated datasources.
O
ptimise risk assessments based on your companys policy and maintain a complete copy of
customerrecords.
REQUIREMENTS
COLLECT
Collect and
identify
VERIFY
Ownership
andcontrol
Natural
persons
Applicant
Risk
Ongoing
monitoring
Verify control
and ownership
structure
Verify the
identity of the
people behind
the organisation
Multi-factor
customer risk
assessment and
decision
Maintain an
up-to-date
assessment
Organisation
identification
Company File
IDMatrix
Alert Services
Helps find
the correct
commercial entity
Up-to-date
company data
Electronic
verification
ofidentity
Screens against
worldwide
governmentissued data
Notifications of
any changes
ACTIONS
Validate to ensure
dealing with
correct entity
VEDA'S SOLUTIONS
Applying Intelligence
in ways that matter
Vedas business is all about applied intelligence.
We acquire and transform raw data into timely
and relevant insights for businesses and
consumers. For Veda, this entails a rigorous and
continuous process of quality control, refinement
and innovation.
Veda is built on the largest, most comprehensive
and current data source in Australia and
NewZealand. The breadth and depth of our data,
and the knowledge it delivers will help you take
a proactive and informed approach to customer
acquisition and credit risk.