DATE 01.06.2017, London: C6 Intelligence (C6), the leading provider of intelligence that uniquely offers timely, accurate and actionable data which assists over 500 companies worldwide comply with global regulatory compliance requirements, to minimise reputational and regulatory risk. C6 as announced today the launch of its new Adverse Media offering, 66 Squared, ahead of the EU Fourth Money Laundering Directive implementation deadline on 26th June 2017.
New levels of scrutiny around client behaviour required by the 4th Money Laundering Directive is already putting a huge burden financially on many organisations to actually meet requirements.
Businesses’ are set to face higher levels of scrutiny from the EU, following changes to the Money Laundering Regulations and Proceeds of Crime Act in the European Union Fourth Anti-Money Laundering Directive due to be implemented across Europe by 26th June 2017. The regulatory update announced in June 2015 includes fundamental changes to the anti-money laundering procedures including CDD, EDD Activity and (PEPs), that could see uncompliant corporates facing large fines which pale in significance compared to the damage that could be done to a business’s reputation.
Darren Innes, CEO at C6 Intelligence commented:
“I believe the cost of meeting AML regulations is getting out of control, whilst the importance of the activity is in no doubt the way we meet these requirements. It can be drastically improved both from an effectiveness and cost perspective, for example the data you receive from firms today relating to Adverse Media is either out of date or so inaccurate it leads to a huge level of false positives. Worse, than this, because firms do not trust the adverse media they receive from any current data provider they spend a huge amount of time carrying out internet searches themselves. Our new offering provides near real time, auditable, actionable, and relevant and pre-matched negative news allowing clients to keep on top of client behaviour and ahead of the regulator and the press as well as reducing the level of Annual High Risk Client review by up to 40%”.
The new customer due diligence checking requirements as well as reporting suspicious transactions will now be essential for any company to protect their brand as well as avoiding hefty fines from the regulator. 66 Squared was built in conjunction with a number of Our Tier 1 Banking customers and will enable customers to configure the service to monitor unique client bases against their own tolerated risk parameters at a frequency using data sources of and above the pre-set standards.
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About 66 Squared:
66 Squared is the new offering from C6 Intelligence allowing customers to monitor their customers to their individual risk tolerances whilst reducing operations costs by drastically decreasing ‘false positives’.
The platform allows customers to better manage Reputation Risk exposure and Brand Protection by being on the front foot through early warning of potential issues. This includes a key Risk Management Control Point within your AML processes and free-up compliance staff to work on more strategic matters. For more information, call us on +44 (0)203 741 1200 or email email@example.com.
About C6 Intelligence:
Since 2004 C6 Intelligence has been gathering the most comprehensive database of actionable intelligence relating to Politically Exposed Persons (Pep’s) and Sanctioned Individuals, Companies and Jurisdictions.
During this timee C6 has identified the most relevant local and global sources allowing us to create a unique process of gathering timely, accurate and relevant Adverse Media relating to the FATF predicated crimes list. All of this information is verified by human intelligence and has led to the development of our new Adverse Media managed service. Our database covers over 200 jurisdiction with over 40 languages, allowing us to pinpoint risks associated with forming new business relationships. Our suite of KYC search and monitoring data solutions, which access our unique and expanding database, provides you with an accurate risk intelligence data results and a reduced false positives. For more information, please visit us at www.c6.intelligence.com or call us on +44 (0) 203 742 1200.
Brooke Petersen Head of Marketing
C6 Intelligence Information Systems Limited Relevant. Timely. Accurate.
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Basingstoke, UK – 19 February 2015
C6 Intelligence Information Systems Limited, the leading global independent risk data intelligence provider, has signed a new partnership agreement with Contego Fraud Solutions Limited, innovators in compliance and anti-fraud software, to provide them with unique Politically Exposed Persons (PEP), Adverse Media and International Sanctions data as part of their existing fraud detection, identity verification solution.
This partnership will allow Contego and its client’s access to C6 Intelligence’s extensive database of over 4 million profiles on high risk individuals and organisations. The exclusive C6 database also includes information on over 1 million PEPs, and is complemented by an extensive source adverse media articles. All of which are fully auditable and have been collected using human intelligence, not code, over a period of ten years.
Contego believe that the C6 Intelligence’s PEPs, Sanction and Adverse Media database is an exceptionally beneficial source of intelligence for the financial services industry, or any organisation needing to complete due diligence and monitoring on new or existing clients and employees to prevent money laundering. C6’s data is revered for both its quality and exclusivity, their extensive database which contains fully auditable open source adverse media articles which and are longer accessible anywhere else on the web.
Contego chose data intelligence provider C6 Intelligence, based on a shared vision of providing the market with complete Know Your Customer (KYC) and Know Your Employee (KYE) solutions established from the highest quality data from the greatest number of sources.
Adrian Black, CEO, Contego is quoted as saying “Contego’s vision is to provide our clients with solutions that make risk-related decisions better, faster and more cost-effective. We deliver best-of-breed data sets and our partnership with C6 Group helps us to provide our clients with access to some of the most up-to-date and sophisticated PEPs and sanctions data available”.
Darren Innes CEO of the C6 Group is quoted saying “Contego’s selection of C6 reinforces its thought leadership in the fraud Identification and Verification space and is an early indication of this market’s desire to stabilise it by having a robust platform for KYC data that reflects the state of the world at any given time.”: Innes went on to say “By choosing C6, Contego will be able to grow its business, confident in the knowledge that the C6 platform will be able to scale with its growth. Contego’s customers will be able to make rapid transaction decisions in real-time.”
Darren Innes, C6 CEO is quoted as saying “we are delighted that Contego chose C6 to provide them with our unique, risk intelligence data”. He went on to say “high data accuracy and completeness will enable Contego’s clients to make fast and informed business decisions based on actionable data, thereby helping to reduce business risk, specifically in situations where sanctions lists are updated daily depending on geopolitical activity and any adverse media”.
About C6 Intelligence
We provide actionable intelligence to improve business transparency and maintain business integrity – Pinpointing risk
C6 Intelligence is a trusted provider of intelligence data to over 300 clients, in more than 40 jurisdictions around the world. Our data is trusted by global tier one banks, consumer brands and airports. Using human intelligence, not just code, we are able to pinpoint any risks associated with acquiring new clients and staff using our suite of search and monitoring data solutions which access our unique and expanding database of over 480 million personal records. We can also provide our clients with on-going monitoring intelligence for known individuals providing alerts when things change. Our database, now in its tenth year, helps our clients to know their risk and maintain full regulatory compliance across boarders and in accordance with worldwide trading sanctions.
Our recognised data intelligence solutions include:
C6 Intelligence – Real-time PEPs, Sanction and Adverse Media Search and Monitoring Services
C6 Enhanced Intelligence – Individual and Corporate Enhanced Due Diligence Reporting Services
C6 Fraud Intelligence – Fraud Screening, Monitoring, Identity Theft Prevention and ID verification services
HasMyIdentityBeenStolen.com – Personal Identity Checking and Monitoring Service
For further information, please contact us:
Telephone: EMEA +44 (0)1256 301 510 E-mail: firstname.lastname@example.org
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Contego is an online platform which helps simplify, speed up, and improve the quality of compliance and anti-fraud decisions. Contego’s innovative software platform delivers due diligence and risk- scoring on both companies and individuals. Through its single-point solution Contego aggregates best-of-breed data from a variety of sources, including law enforcement agencies, commercial suppliers and social networks to verify individuals and companies.
Whether on-boarding new customers or personnel Contego enables companies to check both individuals and companies at speed, saving time and money. Its enhanced due-diligence features help reduce the risk of reputation damage. With its fully secure and encrypted storage, Contego not only helps companies to significantly reduce the risk of fraud, but also delivers peace of mind on security, compliance and data protection.
For further information, please contact us:
Telephone: +44 (1235) 375 000
Follow Contego: Twitter @contego LinkedIn Contego Fraud Solutions
Basingstoke, UK – 24th November 2014
C6 Intelligence Group, the leading independent data intelligence provider, has signed a new long term partnership agreement with GBGroup Plc, the global leader in Identity Intelligence, to provide Politically Exposed Persons (PEP) and international sanctions data as part of their ID3global ID Verification solution. (more…)
The personal information of almost 40,000 people living in Tottenham and Wood Green has been put up for sale on the dark web, according to new data revealing the startling scale of online identity fraud.
The figures, compiled by a risk intelligence company, show criminal trade in stolen personal data is booming, fuelled by the anonymity of the hidden web.