Identity and ownership
Verify the legal entity, authorised representatives and beneficial ownership to an appropriate standard.
AML, KYC & sanctions
Understand the parties, funds and trade route.
Transactions should be subject to proportionate know-your-counterparty, sanctions and anti-money-laundering review before commitment.
Purpose and payment
Understand the commercial rationale, expected payment path and any unusual structures.
Screening and monitoring
Apply relevant screening and revisit the assessment when parties, routes or facts change.