integrawatch compliance screening · 2020. 9. 10. · compliance program or kyc program is a...
TRANSCRIPT
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IntegraWatch® Compliance ScreeningCompliance Screening Database
Your First Line of Defense Against Third Party Risks
v
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But, how do you choose?
The first step in any risk basedcompliance program or KYC program is a comprehensive risk database screening.
NOT ALL COMPLIANCE DATABASES ARE CREATED EQUAL
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Compliance Databases are most valuable when they facilitate rapid, accurate and reliable determinations of risk.
Unfortunately, many fall short because they are:
Incomplete Irrelevant Inefficient
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Ignore or fail to cover all countries of the world
Incomplete sanctions data
Fail to adequately cover non-English media
Database providers often miss vital dataIncomplete
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Bigger isn’t better. Many databases contain unnecessary data
Large volume of “hits” on minor crimes or issues not relevant to your compliance risks
Lack of categorization of risks means more time spent on remediation
Irrelevant
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Data Scraping technology forcing you to read the articles
Inability to filter your searches to risk categories specific to your industry
Lack of support services when you need help
InefficientRequires too much time to determine “Is there a risk posed to my company?”
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THE SOLUTION
IntegraWatch®COMPLIANCESCREENING
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COMPLETE
RELEVANT
EFFICIENT
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COMPLETE
Monitored and translated from 26 languages
Local sources from every country of the world
Fully researched issues with additional identifiers
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RELEVANT
Content analyzed and summarized by global staff of trained researchers
Categorization of risks in up to 30 different risk areas help focus your screening efforts
Clean presentation of risk, summary and sources
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EFFICIENT
Facilitates reliable, easy to administer, large volume screening programs
Searches provide concise results allowing rapid determination of risk
Easy to engage ongoing monitoring of third parties with risk alerts
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OUR APPROACH
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• Facilitates monitoring of over 2500 sources in 26 languages
• Advanced search technology provides only the results you need
• Automated ongoing monitoring with alerts
• Ability to integrate with your third partymanagement system
• Ability to support custom lists integrated into client searches
TECHNOLOGY
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• 13 offices and research centres on four continents
• Researchers led by trained attorneys with local knowledge in 194 countries
• Over 5 million records from 2500 sources provide coverage in ALL countries of the world
• Robust Politically Exposed Person and State-Owned-Entity data sets
• Enhanced Sanctions data with additional identifiers not found in government lists
CONTENT COVERAGE
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• IDENTIFY – technology solutions to monitor over 2500 sources
• EVALUATE – expert researchers evaluate all content for inclusion
• CLASSIFY – each profile is classified according to one of 23 risk areas
• SUMMARIZE – succinct summaries of risks facilitate rapid determinations of risk relevance
CONTENT METHODOLOGY
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RISK AREAS
COVEREDThe Red Flag Group has
identified 23 key risk areas across
4 categories where serious integrity and
reputational risks reside within the supply chain.
Cyber Security & Business Stability
Environment & Governance
Employment, Safety & Reputation
AntiTrust & Corruption
• Personal Information Mishandling
• I.P. Infringement
• Data Security Breaches
• Business Continuity
• Health & Safety
• Diversity
• Employee Rights
• Modern-Day Slavery
• Materials Labeling and Handling
• Irresponsible Marketing
• Chemical Usage
• Emissions & Waste Monitoring
• Product Regulations
• Sustainability
• Illegal Animal Testing
• Environmental Stewardship
• Corruption & Bribery
• Serious Crime
• Sanctions & Exclusions
• Fraud, Money Laundering & Financial Irregularities
• Export Controls
• Politics
• Anti-Competitive Behavior
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• CONTENT MANAGEMENT SYSTEM – no records published without QA review
• REGIONAL CONTENT MANAGERS – experts in their regions, they approve all content published
• ISO 9001:2015 Certified
QUALITY ASSURANCE
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Multiple Access Points – allows clients to access IntegraWatch® through multiple Red Flag Group solutions including:
• ComplianceDesktop®
• Supplier Integrity®
• IntegraWatch.com
• Options to access directly via data feed or API are also available
ACCESS
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THE SOLUTION FOR YOUR
COMPLIANCE NEEDS
Third Party Screening and Monitoring
Supplier Screening and Monitoring
Import/Export Control Screening
Employee Screening and Monitoring
Know Your Client (KYC) / Anti-Money Laundering (AML) Screening and Monitoring
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WEBSITEwww.redflaggroup.com/compliance-screening/
FOLLOW US Twitter: @redflaggroupLinkedIn: The Red Flag Group