Welcome to Knowledge Base!

KB at your finger tips

This is one stop global knowledge base where you can learn about all the products, solutions and support features.

Categories
All

Products-ComplyAdvantage

Combatting Modern Slavery with ComplyAdvantage: A Comprehensive Approach

Introduction to ComplyAdvantage

ComplyAdvantage, also known as IVXS UK Limited, is a cloud-based Software as a Service (SaaS) company established in 2014. Since its inception, ComplyAdvantage has been dedicated to reducing the risks associated with money laundering, terrorist financing, corruption, and other financial crimes globally. Operating across various locations such as New York, London, Portugal, Singapore, and Romania, ComplyAdvantage offers dynamic real-time insights into financial crime risks.

Modern Slavery Act Statement

ComplyAdvantage places a significant emphasis on ethical trading, responsible sourcing, and the prevention of modern slavery and human trafficking within its organization and supply chain. The company's Modern Slavery Act statement outlines key activities undertaken during the financial year to combat modern slavery effectively. With a low-risk assessment regarding modern slavery due to the nature of its services, ComplyAdvantage maintains updated policies and procedures aimed at ensuring ethical business conduct and integrity at all levels.

Policies and Procedures

ComplyAdvantage maintains robust policies such as a Code of Ethics, an Approach to ESG (Environmental, Social, and Governance), a Procurement Manual, an Employee Handbook, and a Pre-employment screening policy to prevent modern slavery and human trafficking. The company regularly reviews and updates these policies to align with its commitment to ethical practices. Moreover, ComplyAdvantage conducts due diligence on suppliers, focusing on high-risk countries, labor-intensive products, poorly regulated sectors, and countries to mitigate modern slavery risks efficiently.

Supplier Adherence and Compliance

With zero tolerance for slavery and human trafficking, ComplyAdvantage ensures that all suppliers and contractors adhere to its values and ethics through a comprehensive supply chain compliance program. The company conducts due diligence throughout the engagement period involving various departments like Information Security, Legal, Human Resources, and Training. Regular staff training further enhances understanding and awareness of modern slavery risks within the supply chain and business operations.

Effectiveness and Further Steps

ComplyAdvantage consistently evaluates its effectiveness in combating slavery and human trafficking, striving to maintain a transparent and ethical business environment. The company plans to increase staff awareness and conduct audits on supplier adherence to further enhance its measures against modern slavery. By taking proactive steps and fostering a culture that prioritizes ethical practices, ComplyAdvantage reinforces its commitment to combating modern slavery effectively.


Stay Ahead in Today’s Competitive Market!
Unlock your company’s full potential with a Virtual Delivery Center (VDC). Gain specialized expertise, drive seamless operations, and scale effortlessly for long-term success.

Book A Meeting To Setup A VDCovertime

ComplyAdvantage: Revolutionizing Customer Onboarding for Banks

Streamlining Customer Onboarding Process

ComplyAdvantage offers a cutting-edge solution for banks to accelerate customer onboarding processes while minimizing risks. In the modern banking landscape, customers demand swift onboarding experiences, putting pressure on banks to deliver a seamless service. However, traditional screening processes often result in a high number of false positives, hindering customer experience. ComplyAdvantage's AI-driven solutions empower banks to identify suspicious entities and activities in real-time, allowing for faster onboarding, cost reduction, and decreased risk exposure.

Read article

ComplyAdvantage: Protecting Your Data Privacy Rights

Understanding Data Privacy Rights

In today's digital landscape, data privacy has become a paramount concern for individuals, especially in light of numerous data breaches and privacy violations. As a California resident, you have specific rights under the California Consumer Privacy Act (CCPA) of 2018. ComplyAdvantage recognizes the importance of protecting your data privacy rights and is committed to ensuring compliance with the CCPA.

Read article

Empowering Compliance with ComplyAdvantage - A Comprehensive Solution Overview

Introduction to ComplyAdvantage

ComplyAdvantage is a cutting-edge compliance solution provider that offers a range of tools and services to empower businesses in meeting their regulatory requirements. The platform is designed to streamline compliance processes and enhance risk management by leveraging advanced technology and data analytics. Through its innovative offerings, ComplyAdvantage enables organizations to stay ahead of financial crime and ensure adherence to global AML (Anti-Money Laundering) regulations.

Read article

Enhancing Compliance with ComplyAdvantage Mesh Customer Screening

Streamlining Customer Screening

ComplyAdvantage's customer screening solution, powered by advanced AI, offers a streamlined approach to onboarding processes. By leveraging intelligent remediation, businesses can swiftly identify and assess clients' risk profiles, ensuring quicker onboarding while remaining compliant. The solution combines robust risk screening capabilities with proprietary data on the ComplyAdvantage Mesh platform, enhancing the efficiency and accuracy of the screening process.

Read article

ComplyAdvantage: Transforming Compliance with Advanced Sanctions Screening Solutions

Elevating Compliance with Sanctions Data

ComplyAdvantage empowers businesses to boost their compliance efforts by providing cutting-edge sanctions screening solutions. With a deep-tech approach, users can access real-time updates on sanctions data, going beyond regulatory requirements to ensure robust risk management. By consolidating sanctions data with information on Politically Exposed Persons (PEP), watchlists, fitness & probity, and adverse media data, ComplyAdvantage enables users to review alerts faster and gain a comprehensive understanding of potential risks.

Read article