What the IBAN Risk Check checks
The IBAN Risk Check is an automatic check in Candis. Candis is connected to an external database that lists IBANs with indicators of fraudulent activity. Candis compares the IBANs on your invoices and for your business partners against this external database.
If an IBAN matches an entry in the external database, Candis shows the following notice on the affected invoice:
The IBAN Risk Check shows you this notice so that you can verify the bank account details before you approve the invoice.
Note: An IBAN Risk Check notice indicates that the external database contains indicators of potentially fraudulent use of this IBAN. The notice is your prompt to verify the bank account details. It does not confirm that this specific invoice or this supplier is fraudulent.
When Candis shows an IBAN Risk Check notice
Candis shows an IBAN Risk Check notice when an IBAN matches an entry in the external database.
Candis checks the IBAN in the following situations:
Candis reads the IBAN from every incoming invoice and compares it against the external database.
When you enter or change an IBAN on an invoice or for a business partner, Candis compares the IBAN against the external database.