Financial Crime Compliance 2nd Screening Platform

Concepts

• subscription services
• the ukef financial crime policy
• financial crime due diligence
• the financial crime risk
• financial crime screening solution
• financial crime compliance 2nd
• financial crime
• continuous screening
• financial and other crimes
• platform

Location

London

Description

UKEF (UK Export Finance) Financial Crime Due Diligence Division's (FCDD) primary purpose is to help Business and Risk Owners understand the financial crime risk and avoid supporting transactions that are not "viable" by their being unlawful or contrary to government/internal policy. The solution will mitigate risks that may arise, and the service provider must meet the wider requirements of the UKEF financial crime policy. To identify substantial risk indicators concerning the transactions or related parties in a transaction. UKEF seek to procure a Financial Crime Screening Solution that specializes in negative news / adverse media company and individual data on regulatory, financial, and criminal.

Total Quantity or Scope

Key requirements: The screening platform must have the ability to uncover hidden risk relevant to the operations of UKEF by providing advanced, negative news screening and monitoring from the earliest indication of risk. The system must identify the correct entities/individuals, ensure connections and relationships correlate with the information provided and deliver a structured process to provide assurance to staff that they are carrying out their work correctly and reducing the risk of human error. The screening platform must allow Financial Crime Due Diligence ("FCDD") to screen and process transactions for onboarding and ongoing monitoring thoroughly and effectively. Consider relevant findings across a range of financial and other crimes including continuous screening and monitoring of individuals and entities.

CPV Codes

• 79980000 - Subscription services

Indicators

Other Information

Please express your interest in participating in market engagement by emailing commercial@ukexportfinance.gov.uk by 21st March 2024. Please include 'FCC Screening Platform - Market Engagement EOI' as your email subject heading. Further details will be provided on accessing further documents on receipt of the expression of interest. Your email must clearly state: - the name of your organisation; - contact details; - base location (city) for the individual(s) who will be participating. If you intend on making an expression of interest, could you please register on our e-procurement system, Atamis, on the link below: https://ukef-atamis.my.site.com/s/Welcome