Compliance Checks

Since 1 January 2017, the Austrian economy is obliged by law to examine the background of companies and persons with whom they do business more closely than before. The reason for this is to prevent the use of financial system for money laundering and terrorist financing.

  • Lawful compliance check
  • Background of the economic owner
  • Saving time by checking creditworthiness and compliance in one statement
  • Complete coverage of all persons and companies in Austria and worldwide
  • For this purpose, we have a network of the most diverse databases, and of course, we can supply far more comprehensive data records via our investigative axis than the competing on-line providers.

As part of the compliance check, we determine whether your business partners are so-called PEPs (politically exposed persons) or SANS's (persons affected by sanctions or companies). These previously used abbreviations/terms are internationally valid and applied worldwide. In addition, the outcome of the investigation provides information on fraud, financial and tax offences, terrorism and corruption of the verified persons/companies.

Which industries/companies are affected:

  • Companies that accept payments in cash of EUR 10,000 or more
  • Real estate trustee and broker
  • Financial institutions
  • Credit institutions
  • Lawyers and notaries
  • CPA Tax Consultant

We make your business partner transparent for you as far as necessary in order to spare you unpleasant surprises.