UBO Screening with Connected Party Data (Customer)

Oracle’s FCCM customer screening application now supports the screening of UBO data based on customer to customer relationships. 

Enabling UBO (Ultimate Beneficial Owner) Screening with connected party data in Oracle Customer Screening (CS) SaaS provides significant business value because financial crime risk often resides not only with the customer but also with the people and entities connected to them. Key business benefits include Enhanced financial crime risk detection, Improved AML/KYC compliance, Comprehensive customer risk profiling, Improved due diligence and Reduced compliance risk.
Details of related customers and their case details are displayed in ihub for comprehensive investigation.
 

Steps to enable and configure

You don't need to do anything to enable this feature.

Key resources

Oracle FCCM Customer Screening Cloud Service