You have access to the following:
ID collection and verification
Sanctions and watchlist screening
Adverse media screening
Politically exposed person (PEP) screening
On-chain wallet and transaction screening
Compliance support
🏆 How Do I Benefit From These Features?
We have embedded these compliance features into our platform to help our customers stay on the right side of the law. By having these features in place you can capture and manage risk, so you don’t engage with anyone who is linked to illegal or unethical activities.
ID verification tells you who your investors are.
Sanctions and watchlist screening ensures that they are not “blacklisted” for doing illegal or unethical things.
Adverse media screening checks online sources to see if they are reported to have links to illegal or unethical activities.
PEP screening captures whether they are politically exposed and therefore may pose additional risk.
On-chain screening helps uncover if an investor has sent or received transactions that are associated with illegal or unethical activities.
Compliance support is so you have a safe space to ask questions and discuss issues that are relevant to you so you can become more knowledgable and confident in managing compliance risk.
Note that you must activate KYC for your deals if you want these compliance features to work.
Below we have described how each feature works in greater detail.
🛂 ID Collection And Verification
Presail collects and verifies the identification of your investors prior to investment. Only investors that are KYC-approved can invest.
Investors must sign in with a valid ID, which in turn is verified and approved
Investors are required to do a live selfie verification check to confirm that the person signing in is the same as the person on the ID that has been collected.
If we find any suspicious behavior or high-risk issues relating to an investor in your portfolio, you will be notified by Presail's compliance department.
❌ Sanctions And Watchlist Screening
For all investors who have successfully completed the ID verification, Presail conducts automated sanctions and watchlist screening:
The screening check whether the investor is on the sanctions list of the UN, EU, US, UK as well as watchlists of other selected jurisdictions.
The sanctions screening also includes checks of the investor’s wallet address(es) against OFAC crypto sanctions.
If an investor in your portfolio is found to be exposed (directly or indirectly) to sanctions, you will be notified by Presail's compliance department.
📰 Adverse Media Screening
For all investors who have successfully completed the ID verification, Presail conducts automated adverse media screening. This entails checks of online media and news sources for negative references to the name and date of birth of each investor. The checks cover adverse areas such as:
cybercrime
money laundering
terrorist financing and terrorism
violent and non-violent crimes
financial crime
fraud and scam
narcotics
regulatory breaches (including FATF and EU)
If we find any adverse information relating to an investor in your portfolio, you will be notified by Presail's compliance department.
🤴🏼 Politically Exposed Persons (PEP) Screening
For all investors who have successfully completed the ID verification, Presail conducts automated checks to uncover if the investor is a politically exposed person (PEP). Our PEP checks cover global sources and are based on the FATFs definition and classification for PEP.
🔎 On-chain Wallet And Transaction Screening
Presail conducts on-chain screenings of wallets and transactions of investors that have been identified as high-risk. Read more about on-chain transaction screening here.
If we uncover that an investor in your portfolio is linked to illegal or illicit activities, you will be notified by Presail's compliance department.
🤓 Compliance Support
If you have any questions relating to Presail's compliance features, our compliance department will assist you. As a Presail customer, you also get access to a monthly session with our Head of Compliance to discuss the risk profile of your investors and guidance on how you can use Presail's compliance services to manage risk effectively.
Disclaimer: Presail does not offer legal or advisory services. The aim of compliance support is to enable our customers to take full advantage of the compliance functionality we have embedded in our platform.