Armadillo Dig Deeper (ADD System)
PEPs, Sanctions & Adverse Media
420 million companies, 1 billion businesses & 5 billion individuals
Armadillo Dig Deeper is a global service allowing regulated businesses to check up to 5 billion individuals, 1 billion businesses and 420 million companies for PEPs (Politically Exposed Persons), Sanctions and ‘Adverse Media’ risk exposure.
Armadillo Dig Deeper (ADD)
ADD is Worldwide service that enables individuals and companies to be queried against our AML database for Sanctions, PEP’s or Adverse Media risk exposure with full automated monitoring. All information is available through our HUB application together with related information i.e. relationships, article summaries and corresponding URLs.
It is essential for a business to carry out ‘Know Your Customer’ (KYC) checks in the fight to prevent money laundering, terrorist financing and financial crime. Our ADD system provides compliance teams with key capabilities including corporate and individuals search as well as on-going monitoring; ensuring effective customer on-boarding and continued compliance requirements.
ADD allows you to Monitor and keep track of business and individuals. Save documents to your Armadillo HUB account for easy access and audit trail. Full access to all Armadillo data sources: PEPs, Sanctions, Law Enforcement, Financial Regulator, Insolvency, Disqualified Directors & Adverse Media.
- Reduce costs by eliminating manual processes
- Prepare for Inspections with easy reporting
- Improved governance through compliance with a wide range of global legislation
- Enhance your customers’ experience by making the application process seamless
- Faster decision making – automatic acceptance based on accurate data
- Audit trails – all checks are stored and accessible anytime
Enhanced Due Diligence
Even if an individual or company shows up as a PEP or has adverse media, it does not mean a regulated business cannot work with them. Even sanctions may depend on what lists cover a business. E.g. A European sanction may be ignored by a US business
It all depends on risk.
Armadillo’s Enhanced Due Diligence service via our Compliance Intelligence Unit (CIU) provides a detailed background check on any entity or individual, no matter where in the world they are located.
420 million companies, 1 billion businesses & 5 billion individuals
Our services are used by organisations all over the world to enhance and simplify the due diligence process and protect against reputational damage. Let us help you to find the missing piece of the puzzle.
Contact us for more information on Enhanced Due Diligence. From Anywhere, to Anywhere, Anytime
Definitions
What is a PEP? A politically exposed person (PEP) is someone who is in a prominent position in public life which may make them vulnerable to corruption.
What is a Sanction? Sanctions are penalties imposed on individuals or businesses by governments that don’t apply to an existing law or rule. Sanctions checks are specialised searches that will flag whether an individual or business is prohibited from certain activities or industries.
What is Adverse Media? Adverse media is any kind of unfavourable information found across a wide variety of news sources. Adverse media checks are essential to uncover whether an individual or business is involved in money laundering, terrorist financing or financial crime.
Head Office
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom
London Office
City Point, 1 Ropemaker St, London
EC2Y 9HT
United Kingdom
* by appointment only
+44 (0)207 729 1234
You can improve decision-making with a complete KYC file on the potential client; Armadillo can provide a comprehensive due diligence report to allow you to have access to all information about a potential client from one file.
Employing Armadillo provides a comfort level and assurance that you are engaging those clients that are appropriate for your firm and who meet the standards you set for client acceptance/on boarding. This can be supplied in full to the MLRO with our recommendations.
Our UK regulated law firm service.
Having to deal with any international or high-risk client (e.g. PEP) is always a sensitive matter and may be onerous and costly for you to check. Let us lower your risk by representing you in direct contact with the client with an assurance of client/lawyer confidentiality. If we work on your behalf, you can decide to charge our fees as a disbursement or include it in your fees.
Should you wish us to work directly, we can charge the client ourselves and work directly with them on fulfilling your on-boarding requirements. On condition that we are happy to on-board them ourselves, we would then introduce them to you as a ‘primary introducer’ and supply a certified pack of due diligence. Thus, reducing your risk burden even further.
These could be direct clients, corporate directors or beneficial owners; and include the following:
- Address verification
- PEPs & Sanction screening
- Court Judgments
- Bankruptcy
- Identification of aliases used by candidate
- Identification of addresses linked to candidate
- News checks
- Linked people and companies
Used for verification and regulatory KYC files, which include:
- Reports instantly online on 270 million companies including ratings (important for corporate client onboarding), officers and owners where available
- Direct online ordering system specially for worldwide registry documents (simple and quick to use)
- Registry searches on 380 million companies which include:
- Registry extracts - Summarising current data extracted from the registry
- Trace reports – Basic company details and details of available filings on a specific company
- Worldwide company registry documents
- Document certification – up to 7 levels of certification
- Document translation from and into any language
Types of corporate documents available:
- Incorporation documents
- Articles of Association
- Accounts
- Annual Returns
- Directors appointments
- Shareholders
- Registered agents
- Certificates of Good Standing
- Certificates of Incumbency
- Normal registry copies
- Certified copies
- Legalised by a law firm
- Legalised by Apostille
- Certificates of Incumbency (showing directors and shareholders)
- Certificates of good standing
- Legal opinions
Where information is not available from a registry, we can also provide specialised investigations on individuals or companies via our Global Compliance Intelligence Unit.
For example, if your client has an investor and a company, we can check sources of funds of the investor and also the investment; whether the investment assets are ‘real’ e.g. If a claimed cobalt mine is not just a hole in the ground in Bolivia but a real mine. Also, social responsibility checks e.g. Does a factory use child labour? Is it environmentally compliant?
Service listing:
- Corporate due diligence and NOMAD (Nominated adviser) reports
- Public relations/reputation issues and protection
- Risk analysis (political or commercial)
- Litigation support
Many regulated firms that work internationally have different companies registered in a myriad of countries, varying from offshore jurisdictions like the BVI to onshore like the UK all either owning property, brands or contracts.
We have a team of experts that include lawyers and accountants that can help with making all these companies fully compliant. We can also assist in making sure that these are properly administered going forward.
This service is also available to your clients so you can have peace of mind that any deals being completed are also compliant.
We also provide formation, secretarial, accounting and compliance solutions to clients locally and globally operating in a variety of jurisdictions worldwide.