Compliance-Enabled Credentialing Environment (CECE) is a closed-looped digital credentialing environment which simplifies, automates, and certifies the necessary and relevant compliance parameters surrounding transactions and counterparties facilitated by FinClusive's integrated Bank(s) of Record and authorized payment and exchange partners. This un...

The FinClusive Risk Profiles are designed to provide you with a risk rating for each of your clients on the FinClusive platform.  The risk profiles are comprised of three different ratings (low, medium, and high).   The risk profiles consist of risk scoring based on the variables provided during the onboarding of your client.  These ratings are adju...

Transaction monitoring is a key component of an AML program. The purpose of transaction monitoring is to identify and report suspicious customer transactions that may lead to money laundering or terrorist financing. Transaction monitoring includes assessing customer transactions (e.g. deposits, withdrawals, transfers) to provide a complete picture o...

A politically exposed person (PEP) is someone who has a high-profile political role or has been entrusted with a prominent public function. Because of their position, they are more likely to be involved in money laundering and/or terrorist financing.  This person may not always serve in a political role but may serve in a role that actively works wi...

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Enabling notifications for CDD events Log into FinClusive.Com In the upper right-hand corner, click the arrow next to your name and select notifications. Click the blue plus sign that says Add Notifications Complete the required fields. Title - What you want to name this notification setup. Channel - Do you want to receive the alerts via email or we...

Add a Sub Account 1.       Navigate to the “Client Sub Accounts” tab on the left side of the User Portal 2.       Select “Add Client Account” on the right side of the User Portal a.      Select the Account Type you would like to associate the Sub Account with b.      Select the Name on Account, which can only be added from clients Accepted by compli...

Add Funds 1.       Navigate to the “Transactions” tab on the left side of the User Portal, then the “Add Funds” tab from the dropdown menu 2.       Select the Counter Party from which you would like to add funds  a.      Select “+ Add Counter Party” if you would like to add a new CounterParty 3.       Select the Counter Party Account from which you ...

Sanctions refer to a federal government actions restricting economic activity between the sanctioning country and foreign entities, including people and other nations. These restrictions, including blocking off assets and trade, are made for reasons other than business, such as foreign policy or national security. This makes sanctions distinct from ...

The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial transactions. The LEI's purpose is to help identify legal entities on a globally accessible database. Legal entities are organizations such as companies or government entities that participate in financial transactions. An individual person ...

No.   Microsoft has built in checks that verify if a phone number is real prior to sending out the MFA code....

How to order a Legal Entity Verification (LEV) Ordering a LEV offers a way to verify specific information on an entity through a review of their registration records.  To order a LEV through FinClusive, you must first have completed the basic CDD checks by onboarding the entity client.  A LEV can only be ordered on an entity.  To review the onboardi...

  Add a Counterparty 1.       Navigate to the “Counter Parties” tab on the left side of the User Portal 2.       Select “Add Counter Party” on the right side of the User Portal a.      Select whether you want to make Stellar Payments and already know your Counter Party FinClusive ID (FinCID) b.      If the answer is yes, and you already know your Co...

Question: I have auto approval enabled, but my clients' profiles will not always be approved. Answer: There could be a number of reasons as to why the records are not automatically approving. The most common issue is that not all of the results were passed when the CDD checks were run.  All checks must pass for the record to be auto approved.   You ...

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No FinClusive is not, and here is why.  Our partner banks, payment processors, and money service businesses are the ones physically moving, searving as custodian, and/or paying out funds. FinClusive’s CECE™ environment helps our partners not only fulfill their compliance obligations per globally accepted banking standards, but allows them to effecti...

Through our CaaS platform, customers can automatically retrieve corporate registration documents from business registration databases in the United States and in foreign jurisdictions. FinClusive supports connectivity to aggregated databases for corporate and businesses for verification as well as directly to all US states and territories and an exp...

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Adding a new client Log into FinClusive.com Navigate to Client Profiles on the left-hand navigation menu. Click the blue Add Client button on the right-hand side. Select if the client is an individual or entity. Enter required fields. Individual required fields Country of residence First Name Last Name Street Address City State Postal Code Document ...

  Adding a new user ·        Log into FinClusive.com ·        Navigate to the upper right corner and click on your name, and then on users ·        Click add user ·        Input required Information and select User Role and then click save Updating role for an existing user ·        Log into FinClusive.com ·        Navigate to the upper right corner...

The following describe the various user levels available on the FinClusive platform. Admin - Can make changes to users, including adding and deactivating.   No restrictions CaaS Only - for those customers with both Gateway and CaaS, they can only see the CaaS module. Full Access - Can see both CaaS and Gateway, but cannot manage any admin functions....

How to order an EDD report Ordering an EDD report offers a more details review of your client's background.  To order an EDD report through FinClusive, you must first have completed the basic CDD checks by onboarding the client.  To review the onboarding process of a client, review the Adding and modifying clients topic. Log into FinClusive.com Navi...