Flagright has established a strategic partnership with ComplyAdvantage to provide a real-time database on sanctions, PEPs, and adverse media screening of individuals and businesses. Through this partnership, our customers will be able to centralize all of their AML compliance operations on Flagright's Console.
“Flagright's mission is to provide a complete AML compliance suite for our existing and potential customers; hence, we chose to partner with a reputable sanctions screening provider. As we continue to serve our diverse customer base, many of whom are under immense pressure to comply with the quickly-changing sanctions landscape, it’s imperative that we support them with robust, up-to-date risk data.” — Baran Özkan, Flagright Co-founder & CEO
Flagright's customers will benefit significantly from the collaboration, as they will have access to a global proprietary database of structured risk profiles covering enhanced lists for sanctions, regulatory and enforcement watchlists, politically exposed persons (PEPs), and adverse media.
Raji Soussou, VP of Channel & Alliances at ComplyAdvantage, said: “The extensive global sanctions imposed on Russia over the last year have again demonstrated the importance of real-time sanctions screening, alongside PEP and adverse media checks. We’re proud to be helping companies around the world detect and prevent financial crimes through our partnership ecosystem.”
Flagright's real-time transaction monitoring, KYC/KYB orchestration, and dynamic risk scoring, are all within a centralized console to investigate cases and manage risk appetite. This will give current and prospective customers more ways to fight financial crime and comply with AML requirements.
ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 1000 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company identifies thousands of risk events daily from millions of structured and unstructured data points.
For more information, visit: www.complyadvantage.com
Flagright is building an all-in-one AML compliance platform for neobanks and fintechs. Using a no-code platform, we provide real-time transaction monitoring, risk profiling, advisory services, KYC/KYB orchestration, sanctions screening, and blockchain analytics. Flagright's developer-friendly API enables customers to set up AML and fraud prevention infrastructure in just 4 days.
For more information, visit: www.flagright.com