Tech-enabled Risk Mitigation™
Real-time compliance checks with the support of Open Data Intelligence
Regulatory Compliance
Fines imposed due to regulatory compliance deficiencies have increased substantially.
Regulated Entities have been subject to steep penalties.
In the last 18 months:
$0 billion
compliance linked fines - Global
$0 billion
penalties imposed - Asia
$0 billion
fines levied - India
Prevention of Money Laundering Act, 2002
The 2023 amendment to India's PMLA mandates stricter identification of UBOs necessitating enhanced due diligence.
Global AML, KYC, and CFT Guidelines
The FATF recommends AML and CFT protocols reflected in the US Patriot Act of 2001, UK's SAMLA 2018 and POCA 2002.
Open Data Compliance
Open Data Intelligence is meticulously collated in real time from hundreds of diverse public sources, including relevant global regulators, industry databases, and authoritative public records, through Fios Compliance’s proprietary automated process. This advanced technology enables comprehensive and dynamic searches, significantly enhancing the capabilities of risk and compliance teams with Compliance as a Service (‘CaaS”) input.
By delivering timely, accurate, and up-to-date results, it empowers organizations to make better-informed decisions, proactively manage emerging risks, and maintain robust reporting standards in an increasingly complex and global regulatory environment.
About Fios Compliance
We are steered by a leadership team with extensive industry experience spanning decades. Our proficiencies extend to conducting compliance checks across a range of industries worldwide. At the heart of our operations lies an unwavering dedication to safeguarding client data and upholding strict confidentiality. We consistently deliver our services with steadfast professionalism and highest ethical standards.
Focused on Open Data Intelligence collation, our proprietary automation tool enhances the capabilities of risk mitigation management teams by delivering accurate, reliable, and real-time information.