Fios Compliance is a secure, cloud-based proprietary automation platform that reaches out to a global set of domestic and international regulatory databases. Our opendataintelligence system provides relevant and timely compliance checks for global entities and individuals.
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.
Frequently Asked Questions
What is Fios Compliance?
What is Open Data Intelligence?
Open Data Intelligence taps into the vast amount of publicly available information - far beyond what traditional libraries or databases offer. Using advanced technology, it filters and analyses large volumes of open data to support more effective compliance checks, significantly improving KYC processes and fraud mitigation compliance requirements.
In what countries do you operate in, and what industries do you work with?
Fios Compliance operates on target names of entities or individuals and continues to onboard new portals and databases. Our goal is to bring major jurisdictions under our coverage, supporting financial institutions, corporates, and regulated businesses globally.
What solutions does Fios Compliance offer?
We provide a wide range of compliance solutions, including global sanctions checks, adverse media screening, PEP checks, litigation screening, and bankruptcy or insolvency checks. We support anti-social forces screening too, across applicable regions.
Can the client tailor their reports?
Absolutely. We offer fully tailored reports based on specific client or regulatory requirements and internal mandates.