ENHANCED DUE DILIGENCE

Lower your risks today

Helping Risk & Compliance Teams

The regulators are now referring to open source Internet checks (OSINT) as best practice when it comes to enhanced due diligence (EDD) processes.

Online search engines only index 4-6% of all available content online. Open source Internet checks analyse all publicly available data across the entire breadth of the Internet, providing a new level of insight that is not traditionally covered by standard due diligence practices.

Our unique blend of OSINT, machine learning and natural language processing enables us to dig deeper and faster into people, entities and networks. Coupled with advanced analytics and deep industry expertise, we offer zero false positives and provide you with the most cost-effective, AI-driven open source EDD.

Enhanced due diligence searches from Neotas complement your existing processes, helping you evidence compliance with the latest regulatory guidelines while better managing your risks.

After all, if the risks are out there – wouldn’t you want to know about them?

Cost effective AI-driven open source EDD

Process data in over 200 languages

Zero false positives

Not restricted by global jurisdictions

Enhances existing compliance practices

What do we search for?

As the world becomes increasingly remote, the opportunity for increased risk is heightened.  

There are vast amounts of public data that aren’t currently covered as part of traditional due diligence checks. If the information is out there and not considered, it may be hard to build a defensible position when questioned by regulators. 

Our enhanced due diligence searches interrogate publicly available data that only open source specialists like Neotas can interpret. We dig deeper and faster into people, entities and networks. Our insights can enrich your EDD processes and help you when onboarding clients, making investments and/or understanding ESG risks. 

Our searches carefully investigate the data to provide you with a clear, accurate output identifying relevant risks with zero false positives. We also have outstanding solutions in place to provide continuous monitoring if required, particularly useful for risk managers that have ongoing exposure.

    Regulatory Guidelines

    • Suppliers - 3rd Party Risk Management | CSR

    • Customers - EDD | AML | ABC | CTF

    • Employees - SM&CR | Reputation Management

    • Investment - Management DD | ESG

    Frequently Asked Questions

    We process vast quantities of data as part of our open source internet checks, using AI powered tools and expert analysis to only consider relevant risks, with zero false positives. The risks we consider include: 

    • Lifestyle/Wealth Mismatch
    • Disqualified/Insolvent Entities
    • Fraudulent Activity
    • Investment of Concern/Risk
    • Tax Evasion/Avoidance Concerns
    • Terrorism Financing Concerns
    • Money Laundering Concerns
    • Links to criminal activities
    • Financial Irregularities
    • Multiple Identities/Aliases
    • Political Exposure 
    • Regulatory Actions/Notices
    • Court Records
    • Risks associated with significant individuals

    The database checks such as financial probity, company record checks, news and media databases, PEP & sanction lists are limited by their very nature; they simply tell you whether a company or individual is on the database or not. Online due diligence provides a richer and more complete profile of customers, companies and individuals, such as source of funds, behavioural attributes, reputation, connections (that are not in any databases).

    We require basic details such as individual name / company name, address, email etc.  Additional information or context for our deeper checks always helps to make our process easier.

    Yes, with a combination of in-house skills and machine translation tools we can review profiles in 200 languages.

    We look at all available content.

    Our enhanced due diligence goes beyond adverse media database checks by extending and including the modern definition of “media”, which includes social media and the entirety of the Internet. The regulators, including the FCA, expect information in the public domain to be used in risk-based decisions and describe open source Internet checks as best practice for EDD.

    Our outputs provide clearly flagged risks, detailed evidence and an audit trail including source, screenshot and relevance. We always provide context of all the risks flagged and our outputs can be used to supplement your other findings on the subject.

    Clear Actionable Outputs & Risk Categories

    Secure Client Portal & Dashboard

    Associate Networks & Charts

    Pricing

    How much does enhanced due diligence cost? The true price may be reflected in the fines you could be forced to pay for being non-compliant, or the reputational damage that can come with it. 

    The implications of not considering all of the risks can prove costly, which is why our cost-effective risk management solution is an excellent place to begin lowering risks using public data.

    Our pricing tool gives an outline of the cost of our services based on your needs. Once you have your no-obligation quote, make sure to schedule a call with our team so that we can discuss your needs further.

    There’s absolutely no obligation.

    All of our service models are bespoke and we tailor a package depending on your requirements.

    Our searches use a combination of AI, machine learning and human analysis – meaning we’re able to process a huge amount of data in a relatively short time frame. While the human analysts will always provide the final context, the automation of the search processes means we’re able to provide hyper accurate results at a low cost.

    We’ll keep a copy of your enquiry in case you want to discuss it at a later date.

    All estimates are provided in Great British Pounds. However, we are an international provider of background checks so please get in touch if you would like an estimate in local currency.

    The prices given are just estimates and are non-binding. We are always able to negotiate discounts for services provided at large quantities however. Schedule a call with our team to find out more.

    The prices provided by this tool are an estimate for services based on the information you enter. We’ll give you an estimated cost per search based on the service required and the quantity you’ll need per month – the final price may differ depending once we know more about your needs.

    "A fast and responsive team, providing us with easy to understand, comprehensive and cost effective outputs."

    CEO, Investment Firm

    "Neotas have become an important partner, helping us develop our due diligence capabilities as we expand our financing offering into new geographies. Neotas present investigative findings in an easily digestible format. They are responsive to our business requirements and flexible in the way they approach our engagements, key reasons why we continue to expand our relationship."

    Channel Capital Advisors LLP

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