Know Your Third Party
Secure Your Vendors and Suppliers. Build Trustworthy Partnerships.
Critical Management:
Manage third party risk with effective strategies.
Avoid Pitfalls:
Obtain insights to avoid unforeseen challenges.
Comprehensive Solution:
Ensure secure and reliable partnerships with our cost-effective solution.
“Third-Party Risk is on the Rise”
Get a KYTP report to outline your third party’s risk profile, gain insights on managing potential risks and ensure your partnerships meet compliance requirements.
Trusted by leading Organisations
Achieve Accurate Source of Wealth (SoW) Verification
Standard financial checks can miss crucial details, exposing your organisation to financial and regulatory risks. Our Source of Wealth screenings cater to leaders who require precision and reliability, ensuring you can meet compliance requirements, reduce risk, and understand complex corporate networks with confidence.
Our SoW Screenings Provide:
- Thorough Evaluation: Meet strict compliance requirements for investment migration (golden visas), private equity, and other high-risk investments.
- Risk Reduction: Go beyond surface-level checks to truly verify a subject's source of wealth and mitigate potential financial and reputational damage.
- Global Impact: Gain a clear understanding of complex international corporate networks and wealth structures.
Our Source of Wealth Investigation Areas
We provide more than just data. Our detailed insights help you make informed decisions about your clients’ financial backgrounds, covering key areas including:
- Income Verification: Screen and verify income streams and bank statements.
- Lifestyle Analysis: Find evidence of assets and high-value transactions to corroborate wealth.
- Adverse Media Scan: Review global and local media for negative coverage or reputational risks.
- Business Ownership: Map corporate structures to understand all income streams.
- Sanctions Screening: Check individuals and entities against global sanctions and watchlists.
- Litigation History: Investigate any significant legal disputes or criminal history.
- Identity Verification: Confirm your client’s true identity and uncover potential aliases.
- Political Exposure Check (PEP): Assess any connections to government officials and political entities.
Our 4-Step Screening Process
- Set Your Objectives
Start with an online inquiry. A consultant will schedule a call to discuss your specific SoW screening requirements and timelines to create a customised proposal. - Provide Key Information
After finalising your screening needs, you provide us with the necessary details of the individuals or entities requiring SoW verification. - Intelligence Gathering & Analysis
Our analysts use advanced systems to discreetly gather and evaluate relevant information, cross-referencing data to ensure all aspects of the source of wealth are thoroughly examined. - Receive a Comprehensive Report
Within 7 business days in most cases, you’ll receive a detailed report compiling all verified data. The report highlights key findings, risk assessments, and any potential areas of concern.
Click-Click vs. Checks and Traces
"Click-click" is an industry term for automated reports that lack human analysis. While we leverage advanced technology, our screenings are always conducted, verified, and interpreted by skilled analysts to provide contextual intelligence that mitigates risks and protects your business.
| Features | Automated "Click-Click" Reports | Checks and Traces |
|---|---|---|
| Human Analysis | ❌ No | ✅ Yes |
| Compliance Focus | Minimum Requirements | Enhanced & Meaningful Insights |
| Outcome | Ticks a Box | Mitigates Risks & Protects Your Business |
Ethical & Legal Investigations
At Checks & Traces, Data Ethics is a core principle. Our checks are purposefully developed to provide crucial insights while protecting the integrity of all involved parties. Our processes are overseen by professionals certified in Research Ethics Evaluation to ensure all screenings are compliant with international data protection and ethical standards.
Questions? We have all the answers.
As you expand your business and forge new partnerships, vetting your third-party providers is essential. KYTP checks offer peace of mind to business owners and decision-makers by uncovering potential risks and fraud related to vendors and suppliers.
At Checks & Traces, we believe that thorough investigations combine the power of human expertise with advanced AI. Checks & Traces analysts leverage cutting-edge technology to uncover critical insights that purely automated or manual screenings might miss. This dual approach ensures that no red flags are overlooked, providing you with a complete and reliable risk assessment.
Simply fill out the inquiry form on the Checks & Traces website, and one of our specialists will reach out to discuss your specific needs. After that, we’ll provide you with a detailed proposal tailored to your requirements.
Checks & Traces KYTP screenings are designed to satisfy AML, KYB, and PSAM compliance requirements for most global regulators. If you’re uncertain about specific regulatory requirements in your country, contact us. We can customise a solution to ensure compliance.
We utilise comprehensive global financial and legal databases, along with advanced digital tracing tools. Checks & Traces experts then analyse this data to build detailed wealth profiles for each client.
Absolutely. We adhere to all legal standards and conduct our checks with the utmost respect for client confidentiality. Our General Manager, James Smith, with a Master’s in Data Ethics, oversees all processes to ensure they meet the highest ethical standards.
Checks & Traces SoW screenings focus on:
- Verifying the authenticity and source of wealth
- Identifying adverse media or negative associations
- Checking for international sanctions or watchlist appearances
- Assessing the legitimacy of financial transactions
- Identifying connections to politically exposed persons (PEPs)
- Reviewing litigation history and financial discrepancies
- Detecting links to fraud or criminal activities
We understand the importance of timely information. SoW checks typically take 7 business days to complete, ensuring you receive a thorough and detailed report as quickly as possible.
The dedicated Checks & Traces support team is here to assist you. If you have any questions or concerns about your report, please contact us at info@checksandtraces.com. We will address your inquiries promptly and work to resolve any issues.
Discretion is key in our investigations. We utilise advanced, covert techniques to ensure that the business or individuals being screened remain unaware of the process.
Absolutely! We take pride in the quality of our work. You can download a sample report here to see the level of detail and insights we provide.
Checks & Traces is powered by the expertise of Futurum Risk, a team of corporate security and cyber investigation specialists. Connect with our leadership team, James Ellender and James Smith, on LinkedIn to learn more about their extensive experience in the field.
Download Sample Report
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