In the DOI, guidelines have been developed accordingly in various areas to tackle the issue of counterfeit goods within the supply chain including “Best Practices in Know Your Customer (“KYC Best Practices”) for Maritime Operators” initially published in March 2018.
With these guidelines, Maritime Operators, Brand Owners and Suppliers may decide as to whether and with whom they are doing business and who they independently choose to discontinue doing business with, subject to relevant laws.
\ Verify identity of customer; verify basic information of the trading partners including the name, registered business address, VAT number and bank account etc. If necessary, further verification by comparing partners’ information with a credible database.
Perform due diligence and ongoing monitoring of their established customers
Identify possible counterfeit shipments, go through a risk assessment of the trading partners including unusual keywords/ suspicious shipping routes
Regular review of documentation and suspected customers
Blockpass is a perfect third party KYC provider to integrate with your project with an industrial grade of KYC and AML compliance. Once users create a Blockpass Identity Profile and upload their identity documents and required data, Blockpass will rapidly verify and authenticate information at the highest standards of regulatory compliance. Blockpass provides ongoing AML monitoring for better risk control, as well as the capability to connect with any database, sanctions or investors list and issue certificates against them.
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