The specialized service offers a new international tool for checking connections with politically exposed persons and persons from the sanctions lists in the CIS countries, such as Russia, Belarus, Ukraine and Kazakhstan.
Verification takes place at the deepest level of communication. After the Russian military invasion of Ukraine began, a group of specialists began working on the RuAssets project.
RuAssets is designed to search for Russian and Belarusian assets and check links between politically exposed persons and persons involved in the sanctions lists. In peacetime, this product would be designed for regular AML and KYC operations, which would simplify the work of risk managers.
This is an excellent product for protecting your own business from financial losses, legal sanctions and reputational losses that may result from cooperation with Russian and Belarusian companies and individuals who fall under sanctions. The service was developed by YouControl IT company. RuAssets allows you to do:
- a thorough analysis of the links between countries and people at various levels;
- fast corporate and individual international verification;
- quick and easy identification of links with politically exposed persons and persons under sanctions;
- Identification of military terrorists involved in the Russian-Ukrainian war and the occupation of Ukrainian territories.
Today RuAssets is ready to use, but will be constantly updated and developed. With the help of such a product, it is possible to check individuals and legal entities in more than 15 countries of the world according to the registers of beneficiaries and owners, and it is also possible to conduct research and investigations to identify the “Russian trace” in different countries. RuAssets provides a unique opportunity to track contacts with individuals and legal entities under sanctions and politically exposed persons in a convenient online mode.
YouControl, which developed the new project, is a Ukrainian IT company that has been developing such services since 2014. The company has many years of successful experience in creating AML and KYC systems used by international companies. 95% of Ukrainian banks have integrated YouControl into their business processes. The main mission of the company is to promote the expansion of international cooperation by creating a transparent business environment.