How Cloudpliant works
A client file runs through five steps, and the software runs along with it. Below is what happens at each one, with a short video beside it.
12 videos, about 10 minutes in total. You need not watch any of them: it is all written out too.
Rather see it in one go? An accountant takes on a new client, from first check to accepted file.
Identify
You record who the client is and check that it holds up. The file says what is still missing, and an uploaded document only counts once you have looked at it and accepted it.
Screen
One query across the registers: sanctions lists, PEP, watchlists, insolvency and curatele. Every outcome names its source and the list version it was screened against, including when nothing was found.
Assess
The risk classification is a transparent matrix, not a model: you see which factor carried which weight. Where a judgement is needed, as with adverse media, a person makes it and the system records who.
Decide
Accept or refuse, with the ground recorded. The decision freezes a report you can share with an auditor or with the client, and a refusal stays in the file with its reason.
Monitor
After that the system watches: the lists are re-run whenever they change, and you hear about it when something moves on a client you had already accepted.
What it does not do
No model decides anything here. The risk classification is a rule matrix you can recalculate, because a supervisor has to be able to reproduce every classification and a probabilistic answer cannot be reproduced.
And it does not take over your judgement. We screen, classify and record; accepting, refusing and reporting stay with you.
Rather start with the law itself? The Wwft training is free and needs no account.
Get started with Cloudpliant today
It's time to take control of your compliance. Cloudpliant provides one streamlined way to meet your WWFT, AML and KYC obligations, without the hassle.
The demo takes 30 minutes. Free account, no credit card needed.