How OSINT is Used to Enhance Due Diligence & KYC Procedures

Learn how financial institution use OSINT to Enhance Due-Diligence and KYC Procedures, without violation of regulatory privacy compliance.

The Challenges

Financial institutions (FIs) are increasingly finding themselves at the forefront of the fight against money laundering, terror financing, financial fraud and financial cybercrime. To make things worse, the cyber threat landscape is evolving at a dizzying pace and plaguing both FIs and their customers, with threats, stolen identities, hacking schemes, and data leaks being discussed, bought and sold on social forums and dark nets.

This has led to ever-increasing pressure on any financial institution (FIs) to monitor and detect threats to their infrastructure, services, and customers, and to comply with stringent Know-Your-Customer (KYC), Anti-Money-Laundering (AML), counter-terrorist financing, anti-bribery, anti-corruption and personal data protection regulations.

Due diligence investigation is a must in most anti money laundering aml performed by law enforcement agencies around the world.

Many risk managers are using publicly available information in order to advance their investigations! Available OSINT techniques allow our business partners to enhance due diligence efforts by using open source data. Solving financial crime often relies on human intelligence analyzing relevant information across the web and in social media.

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Osint Due Diligence

The cost of failure and non-compliance is significant – ranging from massive financial penalties, to personal liability and irreparable reputational damage to institutions.

With the stakes so high, FIs need to take a more proactive approach to threat management that goes way beyond traditional data-loss prevention.

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Give your Teams the Actionable Intelligence Insights they need to Identify and Prevent Financial and Business Risks

ESPY offers a complete suite of modular, enterprise-grade intelligence and investigation tools and methodologies that give Financial Institutions a complete intelligence view of financial and business risks and threats.

With these solutions, financial professionals can collect and analyze information from dynamic web sources such as social media, news sites, block chain, and surface, deep and dark web; uncover and map hidden networks, client profiles and connections; and automatically generate decision-quality intelligence insights based on precise data.

This empowers FSP's to more quickly and efficiently:

Uncover Fake Identities

Detect Money Laundering

Identify Terror Financing

Validate Personal Information

Conduct Deeper Due-Diligence

Uncover Suspicious Connections