Integration with World-Check allows you to elevate the level of diligence in your operations, facilitating the identification of Politically Exposed Persons (PEPs) and individuals or entities on sanctions lists. This feature is crucial for a robust risk process and strict compliance with anti-money laundering and counter-terrorism financing directives.
1. Activate World-Check Verification
To use this feature, the user must opt for Include World-Check verification step. For unique links or organization links (reusable), it is possible to define in the settings whether verifications should run automatically on all forms or whether you prefer to keep this option disabled by default.
- This option ensures that, as soon as the client submits the data in the form, the system automatically runs a scan on the World-Check global database.
- In the case of a corporate VeriKYC process, the system automatically generates an individual dossier for each member of the organization identified (shareholders, managers, directors, other senior executives with management authority, or beneficial owners).
2. Viewing in the VeriKYC Processes Listing
After submitting a VeriKYC process that includes this verification, the VeriKYC Details page will display additional information specific to risk control:
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Case Dossier: Direct reference to the analysis process. In the case of corporate entities, there will be a listing of the various dossiers generated for members of the organization.
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Unresolved Matches: Number of potential alerts still awaiting manual decision.
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Last Verification Date: Record of when the most recent scan was performed.
To deepen the analysis, the user can click “Case details page”, being redirected to the specific risk management interface.
3. World-Check Case Details Page
In this area, the system centralizes biographical data and the compliance status of the analyzed entity:
3.1 Main Information
The page displays a detailed summary containing:
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Full name, gender, and date of birth;
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Country of birth and citizenship;
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Location country;
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WC Status: Current status of the dossier analysis.
3.2 Continuous Monitoring
The user can change Continuous Monitoring settings. When activating this option, the system will send email alerts whenever updates or new relevant information about the entity appear in international databases.
3.3 Matches Table
All potential matches found are listed in a table for manual review, detailing:
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Status: Review status (e.g., Pending, Resolved).
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Matching Alias: Name or variant found in the database.
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Match Strength: Degree of match reliability.
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Type, Country, and Category: Entity classification (e.g., Sanction, PEP, Financial Crime).
4. Case Resolution and Match Analysis
The platform allows informed decision-making through two paths:
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Batch Resolution: In the matches table, when selecting one or more rows, a section called Resolve Case will open where you can define the status as Positive, Possible, or False, also assigning the risk level (High, Medium, or Low).
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Match Details: When clicking on a specific match, the user is redirected to the World-Check Match Details Page. In this view, it is possible to analyze in-depth information about the entity and decide the outcome of the analysis individually.
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VeriAssistant: VeriAssistant can also resolve and edit World-Check cases, supporting match management and updating the analysis status. For more details, see the VeriAssistant guide.
Note: For corporate VeriKYC processes, each member of the organization will have their own case page with the respective matches, allowing segregated and detailed analysis of each individual linked to the company. Correctly resolving all matches is mandatory to close the compliance dossier and ensure the legal security of the operation.
Note: When requesting correction of a VeriKYC form, the user can choose whether to include a new World-Check verification. If you choose not to include, fields such as name, date of birth, and nationality cannot be changed in the correction form.