What Should Be Known About Customer Due Diligence?

Whenever analyzing CFT/AML regimes, CDD (customer due diligence, also known as client due diligence) is a very important component. Customers have to identify clients and make sure they are completely transparent in order to address terrorism financing and money laundering risks. Customer due diligence is a process that runs different background checks based on current legislation and tries to understand a customer’s risk level.

Basics To Be Aware Of

At a very basic level, customer due diligence simply means that the customer’s identity is verified, together with the business that is carried out. The goal is to label him/her/it as being of sufficient confidence level. Different regulatory obligations are mandatory, like:

  • Customer Identification – The company has to identify the customer. This is done by obtaining precise personal information, like ID, name, birth certification and address. All the information gathered needs to come from independent, reliable sources.
  • Beneficial Ownership – With due diligence measures, the company’s beneficial ownership is identified, in the event that the owner is not the client. This process includes understanding the company’s control structure.
  • Business Relationships – Companies have to get information about the business relationship nature they enter, together with the purpose.

When Should CDD Be Used?

All financial institutions need to carry out CDD and KYC measures if one of the following circumstances appear:

  • New relationships – Due diligence is necessary before a business relationship is established with a client to make sure that the risk profile is suitable and the identity of the customer is real.
  • Occasional transactions – In some cases, an occasional transaction may warrant CDD measures. For instance, when a specific money threshold is passed, this is necessary.
  • Money laundering suspicion – Whenever a customer is being suspected of being involved in financing terrorism or money laundering, CDD checks are mandatory.
  • Unreliable documentation – If the documents submitted for the identification process are inadequate or unreliable, further CDD scrutiny is mandatory.

Risk-Based Approaches

Both CDD and KYC procedures are built based on risk assessment. Companies have to assess the CFT/AML risk of every single client and then adjust the due diligence scrutiny based on that. Most clients are subjected just to some standard CDD measures. This usually requires customer verification and identification. A business relationship is also analyzed. When the assessed risk is considered to be low, simple due diligence can be appropriate, with just ID being checked.

Enhanced Due Diligence (EDD)

Some customers, like PEPs (politically exposed persons), are considered to be of a much higher risk of being involved in money laundering. In this case, enhanced CDD measures are mandatory. This can involve:

  • Asking for extra customer identification documents
  • Receiving proof of wealth or funds source
  • Closer scrutinization of the business relationship or transaction purpose
  • Ongoing monitor procedures being implemented

Ongoing Monitoring

When mentioning ongoing monitoring, it means continuous business relationship scrutiny. This is a very important process because most occasional transactions are initially not considered to be suspicious. These occasional transactions might be a part of a behavior or pattern that forms over a long time frame. This can change the risk profile or the business relationship that was initially identified. Ongoing monitoring practically involves:

  • Monitoring the transactions done over the entire duration of a business relationship in order to make sure that the risk profile of the client matches the shown behavior.
  • Maintaining strict responsiveness policies to risk profile changes or factors that raise suspicion.
  • Storage of relevant documents, records, information and data that is needed for further CDD purposes.

All the business relationships established need to go through ongoing monitoring. The same thing can be said about other CDD measures that should be scaled whenever the risk profile of a client changes.


The rising popularity of Drone filming and photography in United Kingdom

The UK film and TV industry is now tremendously popular, having gained a world celebrated reputation over preceding years for creating top quality and pleasing material. With American production workshops opting to find base within the UK and the celebrated Pinewood Studios expanding in size, UK film and television is in a much improved position than ever before. Helicopters and light aircraft were the solitary choice for aerial filming in the UK up until some years ago, but drones are now an exciting and affordable substitute. Aerial filming with a drone creates high definition, cinematic video footage and is amazing for marketing and advertising. If you require footage of an occurrence, a hotel or leisure facility or anything else that looks exceptional from an aerial viewpoint, a drone could be the solution. Drones are being used to seize some of the most magnificent footage in the world at the moment, so it is no astonishment that estate agents are using them to snapshot properties from the air. Drones can even be used to construct a 3D model of the property, using special scanning gear to rapidly and effortlessly craft a 3D image which can then be manipulated and reconnoitered. There are numerous consents and contemplations so as to operate a drone for aerial or drone filming in London.  Drones might also be referred to as Unmanned Aerial Vehicles (UAV), Small Unmanned Aircraft (SUA) or Unmanned Aerial Systems (UAS). In advance of filming you have to make sure that you have:

  • Permission from the Civil Aviation Authority (CAA)
  • Permission from the possessor or manager of the land used for take-off and landing
  • Control over the region you aim to use the drone within. This embraces any individuals or automobiles in the region.

Flying a top aerial photography drone is the solitary way to seize magnificent landscapes. There are numerous reasons to film people with drones.  We are seeing some wonderful aerial action videos of individuals involved in their sports and adventures. These videos are splendid to watch and categorically lift the spirit. Drone marriage videos are becoming more recurrent.  These aerial films of the bride, groom and visitors are also admirable and boundless fun.  It is another stimulating component to add to the big day. Several athletes (runners, footballers, skiers, hikers, etc.) use drones to film their method and see if any enhancements can be made. A minor improvement can knock seconds or split seconds of a sports person’s personal best time.  Numerous American football trainers are using aerial video to study and mend strategy and movement of players. Using drone cinematography for advertisements to market brands and merchandises is becoming very prevalent. Drones now have enormous stabilization and cameras to film professionally. They are extensively accessible and very rationally priced. Now normally drones are used to do the filming. Concerning technology, if something is well designed, then it will be easy to use irrespective of how cutting-edge the technology is inside.  Drones in specific is the newest technology and are getting easier to fly and film with every new drone coming into the marketplace.


How much is iPhone repair for broken screen in Adelaide?

You never know when your iPhone hits the floor accidentally and get the screen damage. Well, there are a number of people who are continuing to use their phones with a damaged screen with rates being so hi to get it fixed. So, if you are on the same route then, it is not going to be easy for you to read the content shown on your mobile phone. It is important that you do not make it leave it and have the respective repair needs covered so that you can have your phone looking like before again and it becomes easier for you to go through your content. There are a number of iPhone repair services providers in the business who are ready to help you with your screen repair needs. So, you just need to trust them and let your phone be fixed with experts taking complete care of it.

It is important that you reach the right company to avail Quality Services within the given price range. You must not hesitate and look for an affordable iPhone repair shop in Adelaide and hire them to get the job done for you. Yes, with them not only you will be getting the required quality but also the timely delivery as well. For this, you need to do proper research work so that you can reach the company who has all the facilities to help you with your needs of iPhone repair services and that too within a given budget.

Affordable iPhone Repair Services

It is not easy for one to get connected to a quality iPhone repair service providers who can help you within a budget rates. It is important that you always look for a professional company who can take complete care of your iPhone screen repair needs and without costing you much. It is important that you always make sure that you look for all the aspects before rushing through the store to have your iPhone 7 plus screen repair services needs covered within the given rates. As and when you will go to the outlet, the executive will check with the damage you have in your phone and then help you with the pricing. They understand it is not easy for you to pay the expensive amount so, the charges are always low and affordable.

There are a number of companies were always available to help you with your needs for iPhone X repair services and make it easy for you to get the best quality without having to stress about it at all. This is why you must do proper search and then finalize on the store who can take care of your iPhone repair needs.

Quality Approved iPhone Repair Services

Doing proper research will certainly help you get connected to a professional name in the business who can help you have your iPhone screen repair needs covered in a very promising way and that too without costing you much. So, you must not make it late and reach out to a reliable iPhone repair service providers now!

If you are looking for professional company you can help you with your iPhone screen repair services in Adelaide then, you must not hesitate and get connected to Mobile Repair Shop now. They will never let you down with excellent service at affordable prices!


Managed Workplace Services Costs and Pricing Models

When you decide to outsource workplace tasks to managed workplace services, your first step is to know the cost. There is a range of pricing models offered by these services and you can choose the most efficient and cost-effective model.

Monitoring-Only Model

The monitoring only model will monitor the workplace and give alerts if required. The cost of this model will vary according to the level of monitoring required. A small business may require anti-virus, anti-spam alerts and, patch management A large business will require monitoring and solutions for all incidents.

Per-User Model

The per-user pricing model charges for services according to the number of times individuals use the service. This is a very useful model for a business that provides multiple devices for employees. The fee covers all the employees of the business and all the devices used by them.

All-you-can-eat Model

In the all-you-can-eat model, a flat monthly fee is charged and the business receives around the clock, unlimited support and, services. This pricing model benefits the business and the service provider. The flat fee will be cost-effective for businesses and the service provider will get a predictable payment for services provided.

Per-Device Model

Workplace management services charge a flat fee per endpoint device in the per-device pricing model. A flat fee is charged per desktop, per-server or, per laptop. This model is convenient because it is easy to adjust the pricing according to the devices added by the business. The workplace management service charges according to the number of devices the business uses.

Tiered Model

The workplace management service will provide different bands of support under this pricing model. A bronze tier will give basic services at a low price while the silver band will give more services but the price will be higher. The costliest band will give the best services to the business.

A-La-Carte Model

The a la carte allows a business to pay only for the services you need. Fees are charged for individual services. The business will need to pay only for specific services as and when required. This model is similar to ordering from an a la carte menu at a restaurant.

Value-Based Model

The value-based pricing model is a flat fee pricing model It is a comprehensive pricing model that is beneficial for a business. The managed workplace service becomes a separate outsourced department when a business adopts a value-based pricing model. Services are provided under this model for all components of the business.

Ad Hoc Model

The Ad Hoc model is also called the pay-as-you-go model. In this model, a business pays for the number of hours worked and the number of tasks completed by the service. This is a flexible model and the business can choose to increase or decrease the number of hours and the number of tasks outsourced according to requirements

The wide range of available pricing models offered by managed workplace services has made outsourcing cost-effective for businesses of all sizes. They have the option to choose the best pricing models according to their needs.


Promote Your Business With Customized Attractive Lanyards

Business organizations tend to gift their customers to improve their business. Mostly items like pen, umbrellas, water bottles, lanyards, totes are used as promotional gifts. Promotional gifts serve best as advertisement at lower cost.

If you want to give out promotional gifts for betterment of your business, lanyards can be the best idea. Customized lanyards with your brand name and logo can serve you as a business card. There is a lot more chance that people will come to see your name in the lanyard when they use it to hold their keys or USB pen drives and such.

Tips For Choosing A Lanyard

Type of lanyard

Choose the lanyard that suits you better from the options of Sublimated Lanyards, printed custom lanyards and woven custom lanyards.

Dye sublimation is a popular method of printing used in creating promotional items. It gives a clean and colorful image that are long lasting.  Customized sublimation lanyards are best suitable for any kind of business organizations. Without busting your budget, you can get these colorful lanyards that makes magic in your promotional campaign.

In this process, to imprint your customized design, an ink film is laid on the material and a heating process binds the dye on the material. Since liquid ink is not used, this process creates lesser mess compared to other types of printing.

Any color combination can be done and in blurred effect too. This method workout best for small quantities too.

Printed custom lanyards uses screen printing method to transfer your logo. In this process mesh screen is used ink is squeezed through the mesh onto the lanyard fabric. This method is cost effective for large orders. When it comes to customization, high detailing and vivid colors are possible in this method. The lanyards are of high quality and durable.

In woven custom lanyards logo and other information are directly woven into the fabric like embroidery process. This gives a professional look and it can withstand fading. High quality woven lanyards can be obtained with colors that match your business theme.


When choosing the color of lanyard, you can either go with company colors or the color that has emotional response.


Choose which type of lanyard you will need. Either wrist strap lanyard, or silicone ones for holding id cards, or eco – friendly ones if you are a green company or adjustable ones if your employees are working in danger area.


Decide where to print your company name, whether logo is needed? printing is needed on entire lanyard or only on the front side? Keep it simple and don’t load it with a lot of information.


For printing the information like business name, for which event the lanyard is given, use only one font.

With unique and customized lanyard, you get the chance to attract your prospective customers also. This is more cost effective way of advertising compared to other modes.

If you have any idea of using lanyards as promotional gifts for your business needs and wondering where to get the exact one that suits your aesthetics, Custom Earth Promo, an environment friendly company has a whole lot of varieties in lanyards. They have their in-house experts also to help you in bringing out your own desire.