Kept Risk RADAR
Kept Risk RADAR modules
Kept Risk RADAR offers six modules which may be used separately. Checks may be conducted both in "single" mode (for a certain legal entity or individual) and "batch" mode (for many third parties and employees). Risk monitoring facilitates repeated checks and provides updates to the results of the analysis
Kept Risk RADAR offers six modules which may be used separately. Checks may be conducted both in "single" mode (for a certain legal entity or individual) and "batch" mode (for many third parties and employees). Risk monitoring facilitates repeated checks and provides updates to the results of the analysis
Reliability checks (due diligence)
Affiliations and conflicts of interest
Compliance
Transactional analysis
Supplier accreditation
Monitoring
Identification and visualization of affiliations (links) between active and potential counterparties and tender participants.
Analysis and visualization of potential conflicts of interest between current counterparties / tender participants and employees of a company, including their potential relatives
Checking candidates within the onboarding procedure for potential conflicts of interest
Checking for inclusion of potential or current counterparties and their affiliated individuals in the international black and sanctions lists
Identifying links with politically exposed persons
Identifying, monitoring, and assessing negative references in the media about potential or current counterparties and their affiliated individuals
Analysis of transactions from ERP systems to identify suspicious or fraudulent operations
Supplier's portal – an interaction tool for potential suppliers and responsible employees of a company (for the provision and review of information and documents)
Recognition of documents and importing data for risk assessment and analysis
Periodic checks of the status of third parties (registration data changes, new risks)
Responsible employees being notified about the monitoring results
Assessing financial risks and signs of bankruptcy, including predictive analytics
Review of arbitrage litigations and enforcement procedures
Identification and analysis of tax risks, including checks according to the Article 54.1 of the Russian Tax Code
Verification of 50+ risk indicators and calculation of counterparty risk rating
Reliability checks (due diligence)
Affiliations and conflicts of interest
Compliance
Transactional analysis
Supplier accreditation
Monitoring
Identification and visualization of affiliations (links) between active and potential counterparties and tender participants.
Analysis and visualization of potential conflicts of interest between current counterparties / tender participants and employees of a company, including their potential relatives
Checking candidates within the onboarding procedure for potential conflicts of interest
Checking for inclusion of potential or current counterparties and their affiliated individuals in the international black and sanctions lists
Identifying links with politically exposed persons
Identifying, monitoring, and assessing negative references in the media about potential or current counterparties and their affiliated individuals
Analysis of transactions from ERP systems to identify suspicious or fraudulent operations
Supplier's portal – an interaction tool for potential suppliers and responsible employees of a company (for the provision and review of information and documents)
Recognition of documents and importing data for risk assessment and analysis
Periodic checks of the status of third parties (registration data changes, new risks)
Responsible employees being notified about the monitoring results
Assessing financial risks and signs of bankruptcy, including predictive analytics
Review of arbitrage litigations and enforcement procedures
Identification and analysis of tax risks, including checks according to the Article 54.1 of the Russian Tax Code
Verification of 50+ risk indicators and calculation of counterparty risk rating
Reliability check (due diligence)
Single or batch checks of counterparties to identify tax and financial risks, including setting a rating which contains details on each risk. Reports are generated automatically in the required format
Checks are made based on more than 50 risk tests (in line with Kept best practices)
Checks are made based on more than 50 risk tests (in line with Kept best practices)
Includes assessing business activities, directors and shareholders, as well as the contact details of a counterparty and its tax record
Assessing the financial statements of a third party and key financial indicators
Reliability check (due diligence)
Single or batch checks of counterparties to identify tax and financial risks, including setting a rating which contains details on each risk. Reports are generated automatically in the required format
Checks are made based on more than 50 risk tests (in line with Kept best practices)
Checks are made based on more than 50 risk tests (in line with Kept best practices)
Includes assessing business activities, directors and shareholders, as well as the contact details of a counterparty and its tax record
Assessing the financial statements of a third party and key financial indicators
Expert risk assessment and possibility to contact Kept
Chat for responsible employees
Saving a digital footprint
Tracking the verification status
Appointment of on-site inspections and checklists
Electronic archive of counterparty's documents
Uploading and checking documents, the ability to import from CRM, ERP and tender sites
Customizable scoring model
Supporting information
More than 40 risk tests on various aspects of trustworthiness
Affiliations and conflicts of interest
Module features
Identification and visualization of affiliations between third parties, detection of potential conflicts of interest.
This functionality reduces time costs of the compliance and legal department for ensuring compliance with regulatory requirements.
This functionality reduces time costs of the compliance and legal department for ensuring compliance with regulatory requirements.
Identifying affiliations between counterparties and tender participants
Detecting potential pricing manipulations within tender procedures
Analysing links between counterparties and employees
Checking candidates for positions for potential links with current employees and counterparties
Configuring the parameters used to identify links
An interface that can be used to modify charts
Affiliations and conflicts of interest
Module features
Identifying affiliations between counterparties and tender participants
Detecting potential pricing manipulations within tender procedures
Analysing links between counterparties and employees
Checking candidates for positions for potential links with current employees and counterparties
Configuring the parameters used to identify links
An interface that can be used to modify charts
Chart modification: adding and deleting objects and links, JPEG/PNG charts, searching for objects on the diagram
Identifying relatives and friends using social networks
Turnover (financial information) from accounting systems
Various types of links – addresses, telephone numbers, tenders, transactions, registration data
Actual data on directors and shareholders
Compliance
Module features
Single or batch checks of counterparties and their affiliated individuals for compliance and reputational risks. This functionality facilitates reduced staff costs within the compliance and legal departments when ensuring compliance with regulatory requirements, as well as rapid reactions to deteriorations of the business reputations of third parties
Searches of various negative references about a company and its affiliated individuals in the media
Customisation of search keywords, deduplication of news and sources of information for comfortable analysis
Automated assignments of ratings for companies and their directors / shareholders, based on available information
Checking inclusion of a company and its key individuals in the international black and sanctions lists
Identifying the key individuals of a company affiliated with politically exposed persons
Assessing litigations with the involvement of the analyzed third party
Compliance
Module features
Single or batch checks of counterparties and their affiliated individuals for compliance and reputational risks. This functionality facilitates reduced staff costs within the compliance and legal departments when ensuring compliance with regulatory requirements, as well as rapid reactions to deteriorations of the business reputations of third parties
Searches of various negative references about a company and its affiliated individuals in the media
Customisation of search keywords, deduplication of news and sources of information for comfortable analysis
Automated assignments of ratings for companies and their directors / shareholders, based on available information
Checking inclusion of a company and its key individuals in the international black and sanctions lists
Identifying the key individuals of a company affiliated with politically exposed persons
Assessing litigations with the involvement of the analyzed third party
Analysis of international economic restrictions on the counterparty and its beneficiaries (taking into account the 50% rule)
"Fuzzy" search allows you to find different spellings of the verification object
Link to the original source
Analysis and aggregation of negative mentions of counterparties and their key persons in the media (more than 100 thousand sources)
Full text of the news, saving in PDF, link to the original source site
Sanctions
Search algorithms and results
Smart search using aliases, possible alternative spellings and transliterated spellings, both in English and the native language
Search results indicate country, type of sanctions – blocking or sectoral, date of inclusion, direct link to the source, description of restrictive measures
'50% OFAC rule' search allows to find sanctions imposed on subsidiary companies which are not directly included in the sanctions lists
Search by industries, types of services and/or products, and types of transactions
Direct links to legislative acts with reference to article and paragraph
Lists of restricted goods and/or services
Sectoral sanctions and restrictive measures
Sanctions
Search algorithms and results
Smart search using aliases, possible alternative spellings and transliterated spellings, both in English and the native language
Search results indicate country, type of sanctions – blocking or sectoral, date of inclusion, direct link to the source, description of restrictive measures
'50% OFAC rule' search allows to find sanctions imposed on subsidiary companies which are not directly included in the sanctions lists
Search by industries, types of services and/or products, and types of transactions
Direct links to legislative acts with reference to article and paragraph
Lists of restricted goods and/or services
Sectoral sanctions and restrictive measures
The sanctions checklist will be formed based on the known information about the transaction being verified and/or the necessary verification directions:
If the user knows the product / technology code, he will be able to enter it to search by code. Otherwise, you can enter the name of the product / technology in text.
Link to the original source site
Link to a specific list / legislative act, quotes from primary sources about the nature of restrictions
Verification of sectoral sanctions
Sanctions monitoring
The number of sanctions is growing daily, it is important that responsible employees check third parties and contracts regularly for any restrictions
Kept Risk RADAR provides automated updates of sanctions lists and lists of politically exposed persons
Kept Risk RADAR provides automated updates of sanctions lists and lists of politically exposed persons
List of jurisdictions and sanctions lists
Sanctions monitoring
List of jurisdictions and sanctions lists
The number of sanctions is growing daily, it is important that responsible employees check third parties and contracts regularly for any restrictions
Kept Risk RADAR provides automated updates of sanctions lists and lists of politically exposed persons
Kept Risk RADAR provides automated updates of sanctions lists and lists of politically exposed persons
Australia
- Russian sanctions regime / the Crimea and Sevastopol sanctions regime
- Consolidated List (Australia).
The United Kingdom
- Consolidated list of financial sanctions targets in the United Kingdom;
- List of persons named in relation to financial and investment restrictions;
- UK Sanctions List;
- List of persons named in relation to dual-use items.
Canada
- Special Economic Measures (Russia) Regulations.
Ukraine
- National Security and Defense Council of Ukraine decision dated 28 April 2017 "On the application of personal special economic and other restrictive measures (Sanctions).
Switzerland
- Sanctions List (Switzerland).
Japan
- Measures to Freeze the Assets of Those Who Are Considered to Be Directly Involved in the Annexation of the Autonomous Republic of Crimea and the City of Sevastopol. or the Destabilisation of the Eastern Part of Ukraine.
- Tightening of Export Restrictions on Arms and Dual-use Goods for Military Use to the Russian Federation and Prohibitive Measure of Issue of Securities by Designated Russian Federation Banks and their Subsidiaries.
The US
- Sanctions List of the Office of Foreign Assets Control of the US Department of the Treasury.Non-proliferation sanctions.
- The Denied Persons List.
- Individuals and entities that have been denied export privileges.
- The Unverified List.
- The List of Specified Persons which are part of, or operate for or on behalf of, the defence or intelligence sectors of the Russian Government for CAATSA Section 231 purposes.
- The Debarred List.
- Entities and individuals are prohibited from participating directly or indirectly in any activities that are subject to the International Traffic in Arms Regulations (ITAR).
- The Military End-User (MEU) List.
The European Union and the UN
- Consolidated list of persons, groups, and entities subject to EU financial sanctions
- Restrictive measures in view of Russia's actions destabilising the situation in Ukraine (sectoral restrictive measures).
- The United Nations Security Council Consolidated List
Media searches for various topics – corruption, AML, criminal activities, etc.
Configuration of search keywords
Grouping media reports and sources
Public officials
Basic information on sanctions
Transaction analysis
ERP system transactions can be imported to Risk RADAR for conducting a set of risk tests (including tailored requests based on the Client's needs). Any risks identified are taken into account when setting the overall rating of a counterparty and may be used, for example, in decisions related to contract renewals or to calculate credit limits
20+ tests to identify inefficiencies in the procurement process
25+ tests to highlight suspicious or fraudulent transactions and suppliers
Transaction analysis
ERP system transactions can be imported to Risk RADAR for conducting a set of risk tests (including tailored requests based on the Client's needs). Any risks identified are taken into account when setting the overall rating of a counterparty and may be used, for example, in decisions related to contract renewals or to calculate credit limits
20+ tests to identify inefficiencies in the procurement process
25+ tests to highlight suspicious or fraudulent transactions and suppliers
Supplier accreditation
This module automates interaction with potential suppliers on requests and provision of documents for participation in tender procedures. Typically analysis of documents and verification of a counterparty is conducted manually and time consuming.
This module helps to save counterparty's documents in a consolidated database and to check a counterparty using various risk tests.
This module helps to save counterparty's documents in a consolidated database and to check a counterparty using various risk tests.
Registration of potential counterparties (tender participants) on a dedicated online portal designed by Kept (an integration can also be performed with the tender portal of the company)
Provision of information by a counterparty (including supporting documentation), cross-checking the provided data against open sources, additional verifications
Data and documents are transferred to the responsible employees of a company
Automated counterparty verification using other Risk RADAR modules
Supplier accreditation
This module automates interaction with potential suppliers on requests and provision of documents for participation in tender procedures. Typically analysis of documents and verification of a counterparty is conducted manually and time consuming.
This module helps to save counterparty's documents in a consolidated database and to check a counterparty using various risk tests.
This module helps to save counterparty's documents in a consolidated database and to check a counterparty using various risk tests.
Registration of potential counterparties (tender participants) on a dedicated online portal designed by Kept (an integration can also be performed with the tender portal of the company)
Provision of information by a counterparty (including supporting documentation), cross-checking the provided data against open sources, additional verifications
Data and documents are transferred to the responsible employees of a company
Automated counterparty verification using other Risk RADAR modules
Creating questionnaires for checking counterparties
Different types of questions and answers
Attachment of supporting documents
Automated risk analysis for questions
Automated report base on the questionnaire
The supplier, using the portal, sends information and documents to the responsible employees for consideration
Automation of obtaining documents from the supplier
(including in order to comply with the requirements of Article 54.1 of the Tax Code of the Russian Federation)
(including in order to comply with the requirements of Article 54.1 of the Tax Code of the Russian Federation)
Basic information from open sources
Information provided by a potential counterparty (tender participant)