Measure and Mitigate Risks
Enhanced Due Diligence that incorporates open source intelligence into existing compliance & fraud prevention processes.

Neotas go beyond ‘skin deep’ to truly comply with the latest regulatory guidelines.

By harnessing open source intelligence - across the surface, deep and dark web - Neotas’ advanced intelligence platform goes beyond traditional database checks. The additional insights and evidence we uncover helps organisations reduce fraud, avoid accusations of negligence and truly comply with the latest regulatory guidelines.

Reason:

E
Existing processes under-utilise all available insights & evidence
E
Compliance shouldn’t be a tick box exercise

Benefits:

E
Avoid regulatory fines and sanctions
E
Protect against accusations of negligence
E
Enhance conduct surveillance processes
E
Reduce fraud rate and mitigate risks

Our Impact:

E
Traced the individuals involved in fraud ring
E
Assisted compliance functions and enhanced efficiency

If the information is out there and freely available, does your Regulator expect you to know it?


KYC / CDD
“...open source information... helpful in carrying out these checks.”
Prevention of money laundering and combating the financing of terrorism, March 2018

Conduct Surveillance
“Monitoring traders, registered representatives, employees... structured data and unstructured data... social media profiles and other communications.”
Surveillance and Monitoring, FINRA Regtech Report 2018

Financial Crime Guide
“Good Practice: Using, where available, local knowledge and open source internet checks to supplement commercially available databases when researching potential high-risk customers including PEPs”
Financial Crime Guide, Section 12.3.4, FG 18/05

We can help you comply with the following regulations

Senior Managers & Certification Regime
4th & 5th Money Laundering Directives
Modern Slavery Act
Gambling Commision Guidelines
Bribery Act
Criminal Finances Act
Counter Terrorism Act

Compliance requirements

The world has changed, the wave of new regulations are designed to re-establish trust in the financial sector. Companies have to not only comply with the spirit of the regulation but they must provide evidence of what they have done. This is where we go beyond current practices. Here are a few examples where our analysis can provide support.

Senior Managers and Certification Regime

All employees are now subject to an annual ‘fit and proper’test. This needs to evidence a person’s conduct, including a character assessment. Our continuous or periodic screening process would proactively contributes to this process, highlighting non-compliance, behavioural and reputational issues.

KYC/AML/EDD

We provide insights over and above current services. Our approach looks at traits such as background, current lifestyle, contacts, networks and influencers allowing you to build up a wider profile of both individuals and companies.

Modern Slavery Act

The Modern Slavery Act marks a significant step in the move towards transparency in business and supply chains. Companies must now be clear about what they are doing in relation to human trafficking and forced labour from the supply chain in order to both comply with the law, and to retain the confidence of customers, investors and other important stakeholders. We can help you comply by providing analysis and insights into companies in your supply chain.  We are supporting our chosen charity, Stop The Traffik, by providing pro-bono analytical support.

Measure and Mitigate Risks

Contact us

info@neotas.com

+44 (0) 208 090 2622

Neotas, 7th Floor, 2 Finsbury Avenue, London, EC2M 2PA