Glossary

Term	Meaning
Additional point of contact	A second contact person for practical matters, who is not assessed themselves. Fills in only contact details, identification and their own documents. Not to be confused with a stakeholder. See Step 3.
Audit trail	The automatic history of everything that happened on a client: status changes, screenings, emails, document uploads, portal changes. Found on the client’s Audit trail tab.
Client	One onboarding case: the company you are taking on, together with all connected parties, documents and screenings.
Client portal	The self-service environment where invited parties can view their information and documents, and message your team. See What your client sees.
Compliance	The team (and role) responsible for screening, assessing risk and judging AML/CFT compliance.
Conneqtid	The sister platform used by brokers, project developers and notaries. A client’s information can be pushed straight into a Conneqtid form; see Exporting to Conneqtid.
FIU	Financial Intelligence Unit. The Curaçao authority that receives reports of unusual transactions. See Filing an FIU report.
Four-eyes principle	The rule that important judgements are always made by two different people. Built into BECCO Trust: the account manager verifies, compliance judges the AML/CFT compliance, and management approves.
goAML	The FIU Curaçao’s online reporting portal. Unusual transaction reports are uploaded here as XML files, which the dashboard generates for you.
Information verified	The flag per party recording that a team member checked their documents and details, set through the verification wizard.
Internal note	A note your team keeps on a client, optionally attached to a party. Never visible to the client. See Internal notes.
Linked party	A party from another client on your platform, referenced in this client’s structure instead of being entered again. Editable only at its source client. See What are linked parties?.
MLCO	Money Laundering Compliance Officer: the officer whose agreement with AML/CFT compliance is recorded in the risk profile.
Onboarding form	The guided questionnaire a client or party completes, including document uploads and signing. See Step 2.
Party	A person or company connected to a client: the point of contact, UBOs, shareholders, directors, stakeholders. Each party has its own status and (for persons) their own form.
PEP	Politically Exposed Person: someone with a prominent public function, who carries a higher compliance risk. Detected during screening and also asked about in the form.
Platform	Your organization’s own environment within BECCO Trust, containing your clients, team and settings.
Point of contact	The client’s primary contact person; the party you create the client with. Fills in the company information and draws the ownership structure.
Risk classification	The risk level assigned to a client: Low, Medium, High or Unacceptable. Recorded as an initial and a final classification in the risk profile.
Risk profile	The card at the bottom of the client’s Information tab holding the risk classification, the compliance judgement, the management decision and the accompanying remarks. See Step 6.
Sanction list	Official lists of persons and entities subject to sanctions. Screening checks every party against them.
Source of wealth	The origin of a person’s assets, asked of shareholders holding 25% or more and of stakeholders.
Stakeholder	An additional “person of interest” included in the onboarding beyond the shareholders and directors, with a full personal dossier. See Step 3.
Stracket	The screening service integrated into BECCO Trust for sanction, PEP and adverse-media checks, including daily monitoring of the client company.
Structure	The ownership tree of the client: which persons and companies own which shares, and who the directors are. Visualized on the UBO tab.
UBO	Ultimate Beneficial Owner: an individual with a beneficial interest of 10% or more in the client, calculated through the whole ownership chain.