Kompli-IQ

Kompli-IQ is a due diligence solution designed to help businesses reduce exposure to fraud, mitigate against personal and corporate prosecution, protect their brand's reputation, and ensure regulatory compliance. According to the vendor, Kompli-IQ is suitable for small to large-sized companies and is utilized by financial institutions, the gambling sector, payment service providers, compliance departments, and risk management professionals.

Key Features

Kompli-QED: According to the vendor, Kompli-QED is a suite of software modules for corporate onboarding, KYC, fraud prevention, enhanced due diligence (EDD), and ongoing monitoring. It utilizes augmented intelligence technology to analyze data and identify gaps in risk and compliance processes.

Kompli-Konnect: The vendor states that Kompli-Konnect is a proprietary SaaS utility that operates as a corporate registry to establish the ownership structure of a corporate entity. It identifies principal officers, ultimate beneficial owners (UBOs), directors, and persons of significant control (PSCs), while linking connected companies, addresses, and directors to uncover corporate networks and relationships.

Kompli-RiskCheck: According to the vendor, Kompli-RiskCheck provides human-verified flags for potential risk indicators and spurious behavior. It incorporates a propensity model that identifies potential misconduct and alerts businesses to "bad actors" before they commit financial crime. Kompli-RiskCheck maps suspicious behavior patterns, modus operandi, and events used in previous criminality and money laundering activity.

Kompli-Reveal: The vendor states that Kompli-Reveal offers a one-off screening of an existing corporate client base to reveal real-time status and allow reconciliation of data. By searching corporate registries, it provides insight into the structure, ownership, and addresses of clients. Kompli-Reveal alerts businesses to changes and anomalies such as wrong company names, discrepancies, new directors, change of address, dormant companies, or companies that have ceased trading.

Kompli-Investigate: According to the vendor, Kompli-Investigate is a research utility for deep investigation of target corporations. It combines Kompli-Konnect and Kompli-RiskCheck to deliver comprehensive due diligence reports. Kompli-Investigate provides detailed information on corporate ownership, linked associates, common directorships, risk propensity profiling, source of wealth/funds, and employment screening.

Kompli-Monitor: The vendor states that Kompli-Monitor enables ongoing monitoring and screening of changes to the risk status of existing clients. It offers perpetual real-time monitoring with alerts to new and changing situations. Kompli-Monitor screens against various data services such as Kompli-Konnect, Kompli-RiskCheck, and Sanction & PEP databases to help businesses fulfill mandatory requirements for ongoing monitoring and stay updated on changes in customer risk status.

Kompli-Reports: According to the vendor, Kompli-Reports provide research, investigation, and report generation using human interactive expertise and experience. In-country specialists conduct research and investigation, including deep EDD and human intelligence analysis. Kompli-Reports include standard levels such as Verify, Insight, Forensic, Director Disclosure, Source of Wealth/Funds, and Employment Screening. Customized reports are available based on specific client requirements and scope.

Kompli-Outsource: The vendor offers Kompli-Outsource as an outsourcing option for AML, CTF, KYC, and CDD processes. Expert AML analysts conduct necessary due diligence for client onboarding, monitoring, and remediation. Kompli-Outsource can handle high volume, low-level workload to free up internal resources. It provides end-to-end service or specific tasks based on client needs.