Profiling individuals and companies

Conpend’s AI apps use global sources such as Dow Jones, Factiva, World-Check and others to research and analyze both individuals and companies acting as counterparties in a transaction, or being onboarded by a client. Business strategies are assessed for anomalies (perhaps suggesting money laundering), with historic patterns of trade activity also analyzed. Other potential red flags include: residential transacting party addresses; unclear or evasive counterparty references; jurisdictional risk – such as “non-co-operative” AML jurisdictions; financial crimes risk; import/export restriction risk; quantity, quality, type or pricing of goods misrepresentation; payment terms and tenor discrepancies; over-complexity of transaction structure or shipment terms; non-standard clauses in LCs; amendments to LCs, including extensions and/or changes to the beneficiary or payment location.