RegTech AML specialists Kompli-Global has strengthened the fight against fraudsters with its comprehensive remote corporate onboarding platform, Kompli-QED.
It comes as firms seek to utilise data to combat the growing threat of fraudulence increases during the COVID-19 crisis.
Kompli-QED can handle the analysis of the data in minutes, as well as bridging the wider compliance gaps. Kompli-QED is the perfect platform to ensure that remote on boarding is as safe and compliant as possible.
Jane Jee, CEO of Kompli-Global explained: “Money laundering and fraud are serious crimes with significant negative consequences for businesses and individuals and society as a whole. If they want to ensure they are not enabling financial crime, it is imperative that regulated businesses do all they can to enhance their KYC processes to both keep criminals out and report suspicious existing customers.
“A comprehensive platform like Kompli-QED is ideal for this, streamlining and optimising searches to make sure there is no risk of vital information about customers falling through the cracks. As a result, businesses can fully understand who their customers are and they can act appropriately when adverse intelligence is found.”
Harnessing augmented intelligence (AI), Kompli-QED seeks to facilitate the activities that regulated entities, such as banks, payment providers, accountants, estate agents and law firms, must undertake as part of its compliance strategy.
It provides access to a complete suite of software modules, both unique modules proprietary to Kompli-Global and ‘best of breed’ modules from third-party providers, that each address a specific need in the market.
By automatically trawling this information, Kompli-QED allows regulated entities to instantly identify links between individuals with other corporate entities, as well as persons of interest. As a result, it is able to verify whether a customer, new or long-standing, is potentially connected with any individual or company linked to known bad actors.
This enables businesses to take action and play its part in preventing and limiting the impact of global financial crime. Risk indicators are highlighted so that an appropriate risk assessment can be made.
Kompli-QED is also capable of performing a host of other checks on new and existing customers that traditionally had to be sourced from a host of providers, these vary from Identity document authentication to Digital image and video capturing.
