IMPORTANT: Statement by the The Financial Action Task Force, FATF.
IMPORTANT: Statement by the The Financial Action Task Force, FATF.
New clients are highly desirable, for all financial institutions. But in this era of increasing Fraud, Money Laundering and Financial Terrorism activities, a new client might end up being a curse rather than a blessing. OPES Software’s Client Onboarding module was designed driven by the goal to apply the financial institution’s due diligence and AML/CFT procedures on every prospective client application, with the objectives of:
The steps incorporated in the entire cycle of application, approval or rejection will be available online, for audit purposes. Driven by client demand, this web-based application product will facilitate the FI’s review process for the typically onerous steps involved in new client on-boarding. OPES, a trusted ally of financial institutions, rises once again to the occasion, to help our customers manage the client due diligence process in their efforts to add quality accounts to their portfolio of sound new business volumes.