Crif VisionNET

AML & KYC Compliance

The Individual Accountability Frameworks

In Scope For The Individual Accountability Framework?

Let Us Do The Heavy Lifting

One of the key pillars of the new 'Individual Accountability Framework' from the Central Bank Of Ireland, requires Regulated Financial Service Providers (RFSPs) to regularly certify the fitness and probity of persons in areas of decision-making responsibility across their management teams – in Control Function & Pre Approval Control Function roles (CF and PCF roles).
This can be a time consuming and costly for the organisation to manage themselves. CRIFVision-net are experts in this area and we would be delighted to help.

Learn more

We Make IAF Compliance Easy…

Our IAF solution will allow all in-scope entities (RFSPs) easily comply with the new enhanced Fitness & Probity checks required under IAF. In seconds you can centrally add and manage all persons in-scope (CF and PCF roles). Running enhanced Fitness and Probity becomes just a click of a button, with all results stored and monitored for future change.

SEAR
(Senior Executive
Accountability Regime)

Will require every in-scope entity to describe and define where responsibility and decision-making lies within the organisation.

Enhanced
Fitness & Probity

Will require in-scope entities to periodically certify the fitness & probity of persons in Control Function (CF) and Pre-Approval Control Function (PCF) roles.

Enhancements To
The Central Bank's
Powers

This new regime will remove the 'participation-link' so that the CBI will no longer have to first find if an entity has committed a regulatory breach before it can take enforcement against them.

New Individual
Business &
Conduct Rules

Will impose obligations on entities with respect to expected standards of conduct for persons carrying on a Control Function (CF) role or Pre-Approval Control Function (PCF) role.

How Can We Help…

Meet the requirements of the IAF for Enhanced Fitness & Probity checks on persons in Control Function and Pre-approval Control Function roles (CF and PCF roles).

Offline Solutions

Batch check employees and persons in scope for IAF compliance and enhanced Fitness and Probity in one simple step.

Online Solutions

Check, monitor and manage employees and persons in scope on an on-going basis in our custom online IAF solution.

Enhanced Fitness and Probity

Screen CF and PCF persons against 10 consumer default and background check datasets:

Registered Court Judgements
Checks Against 10 Registries
PEP / Sanction Check
Capture of ID Documents
Confirmation of Identity
Disqualified or Restricted Directors
Insolvency Service of Ireland Records
Bankruptcy Revenue Settlements
Confirmation of Bank A/C
Irish Business Owners, Directors & Secretaries, Company Shareholders

PEP & Sanctions Check...

Satisfy IAF compliance obligations on any PCF or CF with built-in PEP and Sanction checks, legal entity and UBO checks.

Enhanced PEP Data

Receive the most relevant and up to date PEP and Sanction result possible.

IAF Compliance Made Easy...

Save time, money and resources with our online IAF compliance tool. Persons are automatically added to your dashboard as you run initial checks, or they can be uploaded in a single batch. All results are returned with easy to interpret traffic lights colours, letting you see at a glance who has completed screening. Green means go, amber review, red investigate further.

Frictionless integration preview

Frictionless Integration

Also available through API connection for a more frictionless integration into your HR, reporting or control systems. Alternatively the above checks can be performed as an offline project - in one batch process and delivered in Excel format for import into your systems.

Regularly Certify The Fitness & Probity Of Persons...

Monitoring, along with full audit trails are built into your IAF dashboard, so you can see who needs a fresh check easily.

Screen persons across four services on one platform
Colour coded progress updates
Full audit trails are available with supporting docs
Process one or a batch of persons in PCF & CF roles at a time
Set reminders in a single click
All reports available to view in a single click

Verify Identity Where Required For IAF Compliance...

Allow persons in PCF & CF roles to digitally submit ID, verify their identity or upload proof of address documents in less than 2 mins, as part of your IAF service.

ID Check

ID check mobile screen

ID & V
Check

ID and V check mobile screen

Additional
Doc Upload

Additional document upload mobile screen

This includes...

  • AI & OCR Data Extraction
  • Liveness Detection
  • 68 Points Face Comparison
  • Validation Checks
  • Live Doc Acquisition
  • Full Case Management

Bursting With Features To Make Your Life Easier...

OCR Systems auto capture data from ID into usable format

Process one or a batch of customers at a time

Set GDPR permissions on who can view full data or summary data

Colour coded progress updates

Full audit trails are available with supporting docs

Set reminders in a single click

To Find Out More About How Our IAF Solution Can Help You - Click Here

Alternatively, why not chat through your requirements with one of our on-boarding specialists today on Tel: (01) 903 2660

Call Tel: (01) 903 2660 For More Details