KYC3 Meets the Minister of Finance at the ALFI Conference

Minister Gramenga likes our “information refinery”.  Gave a quick demo and took photos!

KYC3 Demonstrates: FinTech on Big Data for Market Intelligence – Decoding Docler Holdings

Check out a new video that demonstrates KYC3 market intelligence capability by analyzing the corporate structure of Docler Holdings in 1 minute and 23 seconds… easy as 1:23.

More than a negative screening tool, KYC3 provides state-of-the-art tools to discover actionable market intelligence from massive real-time data feeds.  Check it out!

Unleash your Risk Based Approach.  Turn your compliance costs into competitive advantage.

Instant KYC Compliance Reports with KYC3

KYC3 offers an “Instant KYC Compliance Report” feature that is very easy to use.  Here’s how.

First enter the name of the individual or company that you are looking for into the search bar.  The more specific you are, the better your results will be.  However, if you are too specific, you may miss some results.  Since you can run as many queries as you need, you can quickly try several and see the results.  If you search for “Mohammed”, of course you find sanction list hits, since there are many guys with Mohammed in their names on the lists.  Narrowing the name down to “Mohammed bin Zayed Al Nahyan” on the other hand gives no sanction list entries.

Let’s walk through an example.  Suppose that I have a potential new client named “Manuel Diaz”.  The first thing I do is run his name in the system and get back the results.  They show up looking like this.

It is quickly apparent that there is a Manual Diaz who is not a good guy.  We can see that he’s born on 10 Feb 1954 and that he’s on the U.S. OFAC SDN Sanction List.

Getting a KYC report is easy.  I just click on the big button that says “REPORT” right next to the search button.  The system generates an Instant KYC report in PDF format for me. I get a dialog box asking if I want to open or save the file, like this.

Once I have the file, I can check it out.

We can see that Manual Diaz is on the U.S. list, but not on the other lists.

If I have any doubts about my Manual Diaz, I’ll have to check it out and make sure that he’s not the one on the U.S. list.  Is he Colombian?  Was he born in 1954?  If either of these conditions is plausible, then we might want to dig a little deeper.

Using the KYC3 Instant KYC report feature, we can check to see if there are any hits that may require investigation with the KYC3.com compliance tools.  If there are, we can use the KYC3 search feature to explore possible false positive results and confirm that our person is not the one on the list. We’ll cover that in another post.

How-to use KYC3 to find out who controls a company

Suppose you want to figure out who controls a company.  How do you do that?

Say you’re interested in the Mexican restaurant “El Torito”.  The first step is to search KYC3 for “El Torito”.  In the search results we quickly see that the first item returned is the entity “EL TORITO FRANCHISING CO“.  Clicking on it reveals that Fred Wolfe and Carmen Romano are related to the company.  

Using the drop down context menu on the entity (the little arrow located at the right side of the entity), we can even select “Show In Graph”, and presto a visible relationship diagram of the related entities pops up.

 

From this we quickly learn that the business is located in Long Beach, California.  We can also expand on these results by right clicking on one of the individuals.  For example, Fred Wolfe, as shown in the 2nd picture below.

So it looks like Fred is the CEO and he is quite the restaurant magnate.  In fact, if we use the search bar above the graph and refine our search into “El Torito Wolfe” we find from the first SEC filing in the results that indeed Real Mex Restaurants, Inc. is his holding company and that in 2005 he also acquired Chevy’s Restaurants. 

There you have it: how to scope out a company in just a couple of minutes with KYC3.  Due diligence done right … now.