FIGHT FINANCIAL CRIME

Only 1% of financial crime through the banking system is stopped and this is creating waste for banks, destroying trust and impacting society globally. Due Diligence, third party risk management & “Know Your Customer” (KYC) is no longer just for compliance. Join the conversation: #FightFinancialCrime

JOIN THE FIGHT

Maximizing the use of technology, trusted data and the expertise of people will help global business win the war on financial crime.

Phil Cotter

Managing Director, Risk business, Refinitiv

ProKakis powered by Refinitiv, formerly known as Thomson Reuters World-Check Risk Intelligence, a global provider of financial markets data and infrastructure from over 40,000 organisations in over 190 countries, we gain access to over 4 million financial data records to combat the war on Financial Crime.

Fulfil your due diligence obligations and identify potential criminal activity with information from reputable public domain sources and ProKakis to ensure a safe and secure business environment.

We believe the importance of data, collaboration and technology to help fight financial crime.

HOW DO WE DO IT?

WORLD-CHECK RISK INTELLIGENCE

Using advanced high-quality due diligence technology, we mitigate the risk of engaging with thirdparty with potential criminal activity

VERIFIED CONNECTIONS

We partner with premium ProKakis members to establish a network of trusted businesses together and utilise their assets towards a common purpose: Fight Financial Crime

AML COMPLIANCE TECHNOLOGY

Monitoring solutions for antimoney laundering provide advanced detection, investigation, and reporting of suspected money laundering and terrorist financing activities that provide insight across the enterprise and the entire globe.

ANTI-MONEY LAUNDERING ACT (AML)

Money Laundering is the act of concealing the transformation of profits from illegal activities and corruption into ostensibly “legitimate” assets. An example of an Anti-Money Laundering Act is The US Money Laundering Control Act of 1986 (Public Law 99-570). This law made money laundering a federal crime. Section 1956 prohibits individuals from engaging in a financial transaction with proceeds that were generated from certain specific crimes, known as “specified unlawful activities” (SUAs). a “financial transaction” has been broadly defined, and need not involve a financial institution, or even a business. Merely passing money from one person to another, so long as it is done with the intent to disguise the source, ownership, location or control of the money, has been deemed a financial transaction under the law. Section 1957 prohibits spending in excess of $10,000 derived from an SUA, regardless of whether the individual wishes to disguise it.

ProKakis regularly performs Due Diligence Screening and “KYC” checks to maintain an accurate profile of risk assessment to our users. Utilizing the access of our data providers, ProKakis is able to automate and analyse the risk of potential third-party organisations for seamless onboarding that is all tailored to your screening profiles. Empower your compliance team with a competitive edge by using our quick and easy screening tool with better accuracy, you can significantly reduce the cost of compliance.

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