Work Smarter: The Principals Registry for Related Parties


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Burned out by endless repetition in your customer due diligence and KYC? We created the Principals Registry for Related Parties so that you could work faster and smarter to achieve BSA/AML Compliance.

With the Principals Registry in the SURETY Suite, you enter a related party one time. One time no matter how many positions that person holds. One time no matter how many different customers that related party must be linked to. One time. One file to maintain per related party. One Principals Registry—to be used over and over and over without repetitive data collections.

Here’s how it works: When you need to add a related party to a customer record, first create an entry for that party in the Principals Registry—fill in all the relevant data on that party and save it. Then when you need to add that related party to a customer’s CDD – KYC digital data collection, simply link that related party to the customer using the existing entry in the Principals Registry.

Seriously. It’s that easy.

And when you need to update the information for that related party, simply update it once in the Principals Registry. Those updates will automatically follow to SURETY’s CDD/KYC collection for that customer. Seriously. It’s that easy.

Everyone in the Compliance field for Financial Services knows that identifying and tracking Ultimate Beneficial Owners (UBOs) is the toughest part of the CDD/KYC collection process. We can’t identify them for you, but with the Principals Registry in SURETY-CDD®, linking and tracking known UBOs among all your customers will be as easy and as assured as a click of the mouse.

And with SURETY’s knowledge-rich Dashboard, you will be able to click a button and view a graphic display of how your related parties and UBOs are connected and interconnected among every customer in the database. Seriously. It’s that easy.

To see for yourself how SURETY-CDD® and the SURETY Suite can transform the way you manage your related parties, call us today. You’ll be amazed.