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CreditorWatch Blog

KYC and AML Compliance in a Nutshell

KYC and AML Compliance in a Nutshell

Understanding KYC and AML The advancements of our digital era have made it easier to connect businesses and consumers around the world. While technology has increased economic activity, it has also increased the risk associated with doing business. Large organisations, particularly those in the finance industry, should be familiar with AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing […]

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Identifying an Ultimate Beneficial Owner is Simple with CreditorWatch

Identifying an Ultimate Beneficial Owner is Simple with CreditorWatch

CreditorWatch has recently released a new product: The Ultimate Beneficial Owner’s Report What can you gain from the Ultimate Beneficial Owner’s Report (UBO)? CreditorWatch recognises the responsibility that comes with compliance to Know Your Customer (KYC) requirements and AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing Act 2006. With our Ultimate Beneficial Owner (UBO) Report, we take the […]

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More Data Added to Payment Predictor

More Data Added to Payment Predictor

Learn how payment predictor can help you Deteriorating payment behaviour is a leading indicator of credit risk. The payment predictor assists CreditorWatch customers to understand a company’s payment history across a 12-month period, helping to identify slow paying businesses. The payment predictor now includes industry-specific data as well, allowing a comparison between how a business […]

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Review your customers annually with this ApplyEasy feature

Review your customers annually with this ApplyEasy feature

Do you review your customers on an annual basis? ApplyEasy makes this easy with the Credit Limit Reassessment feature. This new feature acts as a reminder tool to notify you when a customer is coming up to the anniversary of their initial approval. You are then provided with the ability to re-evaluate the customer’s credit […]

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Credit Enquiries: Changes and Additional Features

Credit Enquiries: Changes and Additional Features

CreditorWatch has made changes to its Credit Enquiries widget which have made it more accurate and provides businesses with further information.    The most notable change to the widget is that the calculations have changed. Instead of viewing the number of credit enquiries in all time, they are now calculated over a 5-year period. The […]

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CreditorWatch Launches New Feature to Simplify Registering Defaults

CreditorWatch Launches New Feature to Simplify Registering Defaults

Detect overdue payments that clients can register against with a single click. Rather than spending valuable time searching your database to determine who is behind on payments, CreditorWatch makes this process easy and does the work for you. CreditorWatch clients are shown a list of potential defaults and all they need to do is simply […]

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