KYC Portal has launched a significant upgrade to its Corporate Source Register (CSR) module, aimed at improving how compliance teams monitor legal entities and maintain accurate corporate data.
The CSR module is an integral part of the KYC Portal client lifecycle management (CLM) platform, allowing organisations to plug in their preferred third-party company registry data provider. Through this connection, users can search for legal entities, extract corporate records and documents, and automatically generate live corporate ownership charts within the platform.
Two major features have been introduced with the latest release. First is real-time legal entity monitoring, enabling users to receive live updates from third-party sources when changes are detected in a company’s structure—such as new directors, shareholder modifications, or changes in company status. These updates are flagged directly within KYC Portal, allowing compliance teams to act promptly based on the latest data.
This level of automation offers several key benefits: real-time awareness of structural changes, reduced need for manual checks, and improved risk oversight through automated alerts.
The second new addition is the Legal Entity Re-Search function. This tool allows users to instantly re-verify the status of a legal entity already stored in the system by comparing it with newly sourced data. Triggered either by a compliance notification or as part of a scheduled review, the tool highlights differences between the original and updated records, enabling quick decisions on whether further action is needed.
Compliance teams stand to benefit from a more accurate view of corporate structures, improved efficiency, and strengthened due diligence processes. These tools are particularly valuable during enhanced due diligence (EDD) reviews, or when monitoring entities in high-risk jurisdictions.
KYC Portal said the upgrades are designed to help firms across sectors such as financial services, legal, gaming, and other regulated industries better align with requirements under AML regulations, GDPR, and local compliance frameworks. By introducing more automation into KYC workflows, teams can reduce the potential for human error and maintain up-to-date records with less manual intervention.
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