Radarshift

Concluded

Screening for Korean politically exposed persons (PEPs) during VASP sign-up, based on term, current or former office, rank and title.

Category
Domestic PEP screening for VASPs
Module
AML Module

Product history

  1. 01Hypothesis

    Overseas watch lists alone can't reliably catch Korean politically exposed persons. VASPs need screening based on Korean criteria.

  2. 02Launch

    We added a domestic watch-list step to the sign-up flow, between overseas watch-list filtering and management review.

  3. 03Result

    The service has concluded. Its screening lives on in the AML Module.

Overview

Overseas watch lists rarely cover Korean politically exposed persons in enough detail. Radarshift added a domestic watch-list step to VASP sign-up, so Korean PEPs could be checked before management review.

Radarshift adoption scenario: sign-up, identity verification, overseas watch-list filtering plus Radarshift domestic watch-list filtering by term, current or former office, rank and title, then management review. If rejected, sign-up is declined; if approved, risk assessment, enhanced due diligence, sign-up approval and trading approval
Adoption scenario from the service deck at the time (in Korean).

Onboarding flow

  1. 01Sign-up and identity verification
  2. 02Overseas watch-list filtering
  3. 03 · RadarshiftDomestic watch-list filtering
  4. 04Management review
  5. 05Risk assessment and enhanced due diligence
  6. 06Account and trading approval

Screening criteria

TermHow long the person held the office.
Current or formerWhether the person still holds the office.
RankSeniority of the position.
TitleThe role the person holds.

Contact

For advisory, module licensing or partnership inquiries, email us.

support@mindshift.co.kr