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 Due Diligence

The regulator requires adequate due diligence is undertaken on Approved Person’s (APERs) which includes investigation, document checking and verification.

Background

Firms must ensure adequate due diligence is undertaken and recorded for all individuals operating as an Approved Persons (APER’s). Each step of the process and supporting information will need to be evidenced to the regulator which includes investigation, document checking and verification.

Compliance Star

The system allows the individual APER’s to upload documents related to their specific due diligence requirements.
removing the need for paper based records
Reminders for regular data submission and monitors any gaps in data
Internal sign off process facilitating the reporting of risks
Audit trail of all communications both internal and external
The APER’s permitted Controlled Function (CF) will be recorded to evidence the principals agreement.

Benefits

All regulatory obligations are met regarding the information which needs to be held on the individuals.
The dashboard can highlight any issues/gaps in documentation.
The firm can access and review all documentation at the click of a button.
Audit trail of all communications both internal and external