Automated KYC for Commercial Real Estate
As with most regulated industries, commercial real estate companies have their own specific challenges with supply chain and vendor due diligence, adverse media screening as well as customer onboarding and monitoring. Isolating the relevant data for complex entities is a common pain point for compliance teams at commercial real estate companies who need to become more efficient with their time.
Arachnys have deep domain expertise in working with commercial real estate companies to provide solutions that align with their risk policy, provide adverse media screening and due diligence tools, automate manual processes and reduce duplicative and manual work across their global compliance teams.
Backed by unparalleled global data sources, we provide the tools to help you automate and accelerate manual effort in supply chain due diligence, customer and vendor onboarding, monitor adverse media and mitigate reputational risk.
Industry Problems
Commercial real estate firms need the ability to rapidly perform enhanced due diligence and adverse media screening on complex retail tenants in any country and language.
Real estate companies need to prove their due diligence findings to regulators with a clear audit trail, with better managerial oversight across their compliance teams.
Regulation in real estate is rapidly evolving meaning commercial letting agents will need to conduct stricter Customer Due Diligence (CDD/KYC) on landlords and tenants.
Arachnys Solutions
Automated AML & Investigations
Automated KYC & Onboarding
Automated Enhanced Due Diligence
We channel data into your ecosystem
We act as a single lens, accessing and enriching the best KYC & AML data from global sources, which connects your compliance ecosystem to the data you need to make more confident compliance decisions.
Benefits
Features
Commercial real estate onboarding and due diligence made simpler for retail tenants
The EU Compliance Team for a global Commercial Real Estate Investment company were looking for a solution to enhance their Due Diligence (DD) and Enhanced Due Diligence (EDD) efforts, including additional Adverse Media Monitoring for their search engine research across all geographies.
The ambiguous picture of money laundering in UK real estate
An ongoing minefield for financial crime in the UK has been the property market. Whether this includes cheaper for-rent businesses and accommodations nationwide, or high-end properties attracting the crime of high-risk individuals, it is a growing problem that seems to be ignoring the need for anti-money laundering protocols.