ACDD
Automatic Customer Due Diligence
What is ACDD?
Our ACDD or Automated Customer Due Diligence automates the process of background checks to assess the risk posed by a person or business. It is part of the e-KYC and e-KYB process, which can be paired with our AIV.
How does it work?
Enter Particulars
You only need to enter the general particulars of a person or business into the system.
Automated Checks
Our ACDD automatically checks against our interfacing database systems for any history of crimes, suspicious activities or other risky behaviours.
Assessment Ready
Our ACDD then generates the risk profile and recommends on whether to accept or reject the person or business.
Who uses ACDD?
- Many businesses use ACDD in their onboarding process to create a closed and secure business environment.
- Businesses use this to assess the integrity of other businesses before entering any relationship.
- Lenders use this to determine the interest rates to offer borrowers based on their probability of repayment.
- Negative reference Checks
- Checks against nationwide and worldwide database systems for comprehensive coverage
- Updated daily from local and international databases to continually protect your business
- Ease of use
- To check individuals, enter only one’s name, address, date of birth and nationality
- To check companies, enter a company’s name, address, registration number and at least one shareholder’s name
- Results that Count
- Fuzzy matching capability that allows you to identify potential matches to a particular customer
- Detailed risk report after each background check to help you make informed decisions
- Solid Security
- We keep your data safe by strictly abiding to Malaysia’s Personal Data Protection Act (PDPA) 2010, BNM RMiT and the Data Security and Protection framework of PCI DSS.
The most reliable choice for e-KYC services
Why choose us?
Nationwide and Worldwide Databases
Accessed by our ACDD in our checks
UNSC
Worldwide listing of over 1,000 individuals and entities due to terrorism activities, violations of human rights and obstructions of human aids, inter alia.
BNM
Contains four worldwide listings under United Nations Security Council (UNSC), related to terrorism, proliferation of mass destruction weapons, country-related sanctions with political unrest, and FAFT’s higher-risk countries.
FATF
Worldwide listings of blacklist for non-cooperative countries and grey list for countries with action plan to change under FATF, which is a global money laundering and terrorist financing watchdog with over 200 countries and jurisdictions committed to its standards.
MACC
Malaysia’s corruption offenders listing with over 440 individuals to date under MACC, which is an independent, transparent and professional body that manages the nation’s anti-corruption efforts.
CCRIS
CCRIS has credit reports of over 15 million individuals from local banks, financial institution and government agencies nationwide. Their database covers outstanding credit, flagged accounts and pending/approved loans for the last one year.
Visa
Worldwide Terminated Merchant Facilities (TMF) listings of Visa with merchants who ended their contract with acquiring banks in negative terms such as account data compromise, money laundering, excessive chargebacks and fraud, bankruptcy, illegal transactions, identity theft, and others.
Configurable Issuer’s Blacklist
Extra option to add personal corporate’s blacklist to concretise the ACDD process.
OFAC
Worldwide listings of countries, regimes and over 6,300 individuals with respective entities of over 50% ownership that are threats to the United States. They are identified as terrorists, international narcotics traffickers, proliferators of mass destruction weapons and other threats.
MoHA
Terrorism-related listings with a locally collated list of over 50 Malaysian individuals, and two other UNSC lists: 1988 List with over 170 individuals and 5 companies, and 1267 List with 420 individuals and 160 companies to date.
SCM
Malaysia’s Investor Alert listings with over 730 unlicensed websites, investment products, companies and individuals to date. This includes securities, derivatives, funds management, corporate financing and investment advice, financial planning and private retirement schemes.
CTOS
Malaysia’s largest private Credit Reporting Agency with 15.6 million individuals, 2 million businesses, 4.1 million trade references and 3.6 million unique litigation records in file. CTOS also connects to CCRIS or Central Credit Reference Information System of Bank Negara Malaysia.
Mastercard
Worldwide Terminated Merchant Facilities (TMF) listings of Mastercard with merchants who ended their contract with acquiring banks in negative terms such as account data compromise, money laundering, excessive chargebacks and fraud, bankruptcy, illegal transactions, identity theft, and others.
PEP
Worldwide listings of over 1 million current or former government officials, political party officials and senior executives in GLCs with their relatives and close associates (RCAs). They are screened to implement appropriate anti-money laundering efforts.
