Kompli-Global taking it to money launderers

Regtech company Kompli-Global’s new search platform is designed to help financial institutions comply with strict new regulations on customer due diligence related to money laundering.

kompli-IQ combines the expertise and technology needed to meet those challenges, CEO Jane Jee said.

“Companies will be questioning how they can comply efficiently and cost effectively with the new legislation, particularly the new level of searching/monitoring. The starting point has to be to want to tackle money laundering because it is the right thing to do.”

The significant growth of information available on the internet has made it unfeasible to store it in one place. Manual web searches are sporadically effective at best. A licensed SaaS search platform, kompli-IQ employs artificial intelligence to search global data sources for published adverse information. Those searches can be conducted in foreign languages commonly spoken in regions where the searching company conducts business.

“In today’s world, it is virtually impossible to conduct the required searches without harnessing the power of artificial intelligence,” Ms. Jee said. “If you try it will be expensive, inefficient and inconsistent. Above all, adverse information will be missed.”

New regulations feature stricter approaches to customer and enhanced due diligence while also broadening the definition of politically exposed persons to include those living in the United Kingdom and their relatives and close associates.

“To address this, in addition to licensing kompli-IQ, Kompli-Global offers Due Diligence reports tailored to our clients’ specific requirements based upon their risk based policies,” Ms. Jee explained. “To compile these reports Kompli-Global interrogates multiple data sources and draws on the local expertise of its extensive advisory community in 66 countries covering 158 regions. With this level of input Kompli-Global can provide the most in-depth information on which companies can base their risk based decisions and, importantly, provide the audit trail that a Regulator will demand.”

This article first appeared in Bankless Times


News Overview Contact Us

Latest News

Media Contacts

Martin Rutland

Social Media

Products

kompli-IQ
A software as a service (SaaS) desktop portal, giving access to a global regulatory platform that uses proprietary artificial intelligence (AI) and deep search technologies to interrogate a wide variety of global data sources and web content.

kompli-RedBox
Searchable database to alert and flag anolmolies and potential Bad Actors.

kompli-QED
An end to end client on-boarding platform.

kompli-verify
When clients determine that additional human analysis is required, our highly trained in-country specialists can provide confirmation or verification of returned records on a case-by-case basis.

kompli-insight
Combining kompli-IQ's human investigatory abilities to deliver a written CDD report on a target subject. kompli-insight reports are the result of thorough interrogations performed against a comprehensive range of public domain information sources.

kompli-forensik
The ultimate Enhanced Due Diligence (EDD) report. From bespoke research and specialist investigation, clients’ requirements and direction, and specific focus on red flags identified at the CDD level

What People Are Saying

Client confidentiality is of key importance to us. Kompli Intelligence has been successful in many sectors.

Payment Service Provider

kompli-IQ uncovered significant material intelligence that was otherwise unavailable to us.

Gambling Sector

kompli-insight conducted CDD on our VIP ‘high-rollers’ to gain insight into their backgrounds

Gambling Sector

We are considering our options, including closing the subject’s account and filing a Suspicious Activity Report (SAR) with the NCA.

Accreditations and Awards

UK Finance E3 EPA IRTA APCC Power50