Introducing Beeswax - Lemonaide's latest Big Data product. Beeswax is a complete cloud based solution to conduct Due Diligence (DD) checks on potential clients.

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Brings your RMCP into the real world.
Works hand in hand with the Honeycomb
Big Data platform
Caters for different customer types;
Natural Persons, Legal Persons, Trusts,
Partnerships
Employee Due Diligence
Vendor Due Diligence
Syndicates & Groups
Information Technology Solutions
Lemonaide is proud to bring you its latest product offering
– Beeswax – the womb to tomb solution for
conducting due diligence exercises on your customers.
Whether you are a micro business with single digit
employees or a multi-national employing thousands of
employees, Beeswax ensures that you mind your own
business when satisfying your regulatory body of your
compliance with AML, TF and associated financial crime
risks. It has been developed specifically for registered
Accountable and Reportable Institutions regardless of
size.
As a registered entity you are required to understand your
exposure to risks, develop a risk-mitigation program to
protect and maintain the integrity of your business and
financial take necessary measures to identify clients
thereby contribute to the integrity of your country’s
financial system.
Core to reducing your exposure to abuse by criminal
elements is the conduct of a Customer Due Diligence
(CDD) through which you should gain sufficient
knowledge to conduct and maintain a healthy
relationship. CDD measures vary in form and
complexity depending on the customer’s positioning in
your risk matrix.
Through Beeswax, you can establish your own risk
matrix, assess a customer, product/set, geography
and other factors against your risk grid and then
determine the level of DD to be conducted. Beeswax
provides for every step of your chosen DD.
INTERNET SECURITY
The software has been
successfully subjected to
rigorous Pen-Testing
WEB-BASED
Users can work from anywhere
in the world provided they have
been given the necessary
permissions
NEW TECHNOLOGY
Our software has been written on
the latest technology stack
incorporating data network
analysis, artificial intelligence,
and graph networks.
ZERO DOWNTIME
Hosted on a global-leading
secure cloud infrastructure with
redundancy, users are able to
work across time-zones without
concerns over downtime,
scheduled or otherwise.
DUE DILIGENCE CASE MANAGEMENT
Syndicates & Groups
Management of your customer database on a case
basis
Manages Customer Reputational Exposure
Create and maintain your own PEP
database

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Beeswax is connected to source data through API tools, of which
Honeycomb is the main provider of public data. Veracity of gathered
information is checked against sources throughout the DD process.
Institutions control the process from the outset by assigning user
permissions to its staff.
FATF, FIC and Egmont Group guidance shaped the design of the
workflow of the DD, bridging the compliance gap through
technology.
From the instant you set up Beeswax for your institution, you will
know that your CDD is in good hands; set up your entity risk matrix,
DD types per risk outcome, define which artefacts are acceptable to
you and the technology will lead the workflow for you from that point.
Enjoy the richness of reporting and statistics about your business
and your clients
GLOBAL APPEAL
Beeswax is usable by institutions
whose country is a member of
the Financial Action Task Force
and the Egmont Group. Where
applicable, localization of the
solution has been made
DEDICATED SUPPORT
We pride ourselves in user query
response time. Support is offered
through an interactive chat
forum, telephone, e-mail or video
time application – your choice.
CUSTOMISABLE
Although the product has been
developed with flexibility in mind,
we understand the need for
customization of elements and
workflows. We cater for these on
a bespoke basis.
CONTACT US
For more information on any of
our products or services please
visit us on the Web at:
www.lemonaide.co.za or email
us at info@lemonaide.co.za
Customer On-boarding
Customer Declaration – defines the base for veracity testing
ID Verification – Artificial Intelligence, 3rd Party verification, facial
recognition, digital upliftment
KYC – defined documents, 3rd party verification, date management
PEP – screening and/or maintain your own PEP database
Influence Network – family members, close associates, business interests,
Trusts etc.
Source of Income/Wealth
Screening – Sanctions, Enforcement Actions, Tenders Awarded, Global
Leaks, Asset Forfeitures, Land Claims
Adverse Media – manage keywords and phrases and run AM at intervals
defined by you
UBO – Identify ownership structures of Legal Entities
Document Library – manage all uploaded documents. Filed logically with
expiration date functionality
CDD Report – The result of your CDD is summarized in a report which
brings together each facet
Customer Exit – Manage customer exits responsibly
Solution Features and Benefits
Specific Functions
CORE FUNCTIONALITY
User setup
Company setup
Audit Trail
Alert Management
Case Overview
Graphs & Statistics
Seamless Public Data Feed
Reporting
Document Retention Management
Application Support