Verifying an investor’s identity is a vital part of the Know Your Customer (KYC) process. Caruso makes this simple by allowing identity verification to be completed at the account level for investors and affiliated individuals.
Step 1: Send an EIV Request through Accounts or Related Party
For Accounts
For Accounts
In the navigation pane, select Accounts
Use the search or filters to find and select the required account
Navigate to the KYC tab within the account.
For Related Parties
For Related Parties
There is two ways you can access this and send an investor a KYC
In the navigation pane, select Investing Entities.
Use the search or filters to find and select the required investing entity.
Go to the Related Parties tab.
Click on the related party’s name to open their record.
Navigate to the KYC tab.
Step 2: Send the Electronic Identity Verification (EIV) Request
Click Send EIV Request to initiate the verification process
A popup will appear displaying details such as email and phone number for review
Set notification preferences by enabling or disabling text message delivery to the account
Step 3: Client Receives Verification Request
The account holder or related party will receive an email, and if enabled, a text message with a direct link to complete the identity verification
The account holder or related party follows the prompts to capture a photo of their identification and a selfie to complete the process
For more detailed steps, refer to the Electronic Identity Verification help article.
PEP / Sanctions Check
Caruso automatically screens investors against Politically Exposed Person (PEP) and international sanctions lists to meet AML/KYC obligations. These checks use data sourced from DOW Jones Risk & Compliance, a leading global provider of risk intelligence. DOW Jones maintains comprehensive, continuously updated databases of PEPs, sanctions, watch-lists, and adverse media, which ensures that Caruso’s screening results remain accurate and current.
When you send an Electronic Identity Verification (EIV) request, Caruso automatically performs a PEP and sanctions screen using the investor’s verified details.
How PEP Screening Works
DOW Jones provides access to an extensive global dataset that includes:
Politically exposed individuals, both current and former.
Close associates, family members, and known business partners of PEPs.
Adverse media relating to corruption, financial misconduct, or reputational risk.
Each name submitted is matched against this database using multiple identifiers, such as name, date of birth, and nationality. Only high-confidence matches (typically above 96%) are shown in the results.
Understanding the Results
The results appear in the PEP / Sanctions section of the record.
The table displays:
Result Date
ID
Name
Confidence Score
Status
You can also see the Last checked date and time at the top right of the section.
Managing PEP Results:
If a potential match is flagged, you can choose to mark it as either Accepted or Rejected.
If you are confident that a flagged PEP/Sanctions result does not apply to the investor, select Reject. This records that you are rejecting the association, not rejecting the investor.
We only display match results above 96%.
This action is simply a workflow tool within Caruso to help you manage results. It does not create a regulatory record on your behalf. You must keep your own compliance register of any results.
Compliance Note: Caruso’s screening process leverages trusted data provided by DOW Jones Risk & Compliance. However, ultimate responsibility for AML/KYC compliance remains with the fund manager.
If you have any questions or need help at any stage, please contact our Caruso Support team either by email or live chat.