News & Events
Sanctions Compliance – is your Company Safe?
With the recent news about Cyprus Corporate and Law Service Providers and individuals, being placed under sanctions imposed by the USA and UK Governments, the need for a robust AML framework, KYC, KYB and Customer Screening solutions, is now more pressing than ever, and eBOS has the solution!
According to a statement by the president of the Cyprus Bar Association, Christos Clerides, to the Cyprus News Agency on last week, “Cypriot Lawyers are committed only by the EU and UN sanctions and not by those imposed by the USA and the UK”. This nonetheless, did not stop the USA and UK from imposing their own sanctions with dire economic and reputational consequences, both for the firms as well as Cyprus as a country. More specifically, the UK imposed a travel ban, an asset freeze and trust services sanctions to two Cypriot Lawyers, and even proceeded with freezing operational transactions, having as a consequence for their staff not to be able to get paid! In this day of age and with the AML, KYC / KYB and Customer Screening solutions available knowing who you are conducting business with, is not a “nice-to-have” but a “must-have”!
The WiseBOS Customer Screening is one of the most comprehensive customer screening solutions in the market, with access to the largest database of risk-relevant profiles and events in the world, with a coverage of more than 240+ countries in 70+ languages. A database that covers 1,000+ Sanctions and Watch Lists, 2 Million Risk Profiles of PEPs, and more than 120,000+ trusted media sources for Adverse Media. The WiseBOS Screening provides all organizations concerned with Anti-Money Laundering (AML) and Know Your Customer (KYC) mandates, with the technology to efficiently prevent criminal infiltration into the financial system.
The WiseBOS Electronic Customer Verification (eCV) Solution, digitally verifies the Authenticity of Government Issued ID Documents in Real Time. It is powered by the World’s Largest ID Documents Database of more than 12,000+ Government Issued ID Documents from over 135+ countries, supporting 138 Languages, and trusted by numerous Governments and Security Organizations globally.
Safeguard your company’s and your personal reputation today! Contact eBOS for more information.