Ongoing Due Diligence

SwiftDil allows you to meet your Ongoing Customer Due Diligence (ODD) commitments by providing you with the means to screen your customers on a regular basis against our daily-refreshed databases and lists.

To complement your risk-based KYC screening process, it is recommended that you first perform screening on your customers. Once they have been successfully onboarded, then create ODD instructions to apply continuous monitoring, using SwitfDil’s configurable frequencies and scopes. All of our ODD settings are at a customer level.

To setup ODD for a customer, click on the Monitoring tab on the Customer Profile page, then the Add button.

This adds an ODD instruction, which is disabled by default. Click on the scope and select Watchlist and PEP. You are also able to change the frequency of the ODD instruction. No need to change this for the example.

Now click on the On/Off toggle to ensure that it’s enabled.

Unlike regular screenings, ODD-trigged screenings will exclude any ODD-flagged matches you have previously dismissed. This is intended to reduce the number of false positives and ultimately the manual burden on compliance officers.

Please note if you disable an ODD instruction, and enable it again, the SwiftDil KYC Engine will perform a full screening on the reinstated ODD run.