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CDDS: Your trusted AML solutions partner TEXT: SIMON WILLMORE | PHOTO: CDDS
In a digital-first era when it is becoming increasingly difficult to keep track of business contacts – and where regulations around compliance are in fact becoming stricter – it may be difficult to ensure your company has done its due diligence and client background checks properly. CDDS, an independent team of professionals from the areas of compliance, audit, domiciliation, IT and information security, is the leading provider of anti-money laundering (AML) solutions for SMEs in Luxembourg. Philippe Lassine, CEO of CDDS, tells me: “AML obligations become more stringent every year, and this is not going to stop. Our background of more than 25 years in compliance helped us to organise integrated and cost-efficient solutions.” While many fintech and regtech companies are emerging now, CDDS was founded in 2009 and now has offices in Luxembourg,
Malta and Geneva, and a strong reseller network around the world. Today, the company provides AML, due diligence and know your customer (KYC) tools to worldwide finance clients, including corporate service providers, asset and fund managers, law firms, insurance and payment services, banks, and cryptocurrency and gaming companies. Last year, CDDS launched its AML Risk API, allowing instantaneous real-time verification. This can be integrated into existing systems and offers screening against official sanctions and black lists, or PEPs. For enhanced due diligence needs, CDDS also offers AMLspotter, which provides a daily risk assessment for 100 per cent compliance with AML and CFT (combating the financing of terrorism) requirements. AMLspotter has a server solution, installed with the client, and a webbased application available through annual subscription or pay-per-click.
“Who knows your concerns better than former compliance officers? More than 500 companies trust us today and have helped us to improve our solutions built by compliance officers for compliance officers,” concludes Lassine.
For a solution tailored for your business, visit www.cdds.lu.
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