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Why Do Leading Corporations and Financial Institutions Use Kroll First View?
Several Kroll Fortune 100 clients have avoided regulatory investigation, and subsequent reputational harm, by proactively screening large batches of third parties. In one case, Kroll uncovered that 24% of client’s third parties were PEPs (politically exposed persons) and 13% were potentially engaged in bribery and/or corruption activities.
Global Financial Institutions screen thousands of higher-risk customers by integrating First View into their KYC process to systematically check for sanctions and regulatory checks of all new potential clients. Through this, Kroll has uncovered myriad individuals involved in sanctioned regions and legal allegations, helping firms avoid otherwise troublesome regulatory issues while avoiding reliance on costly internal resources.
Kroll’s Screening and Monitoring solution has given compliance teams a cost-effective solution for running large third party and customer batches through standardized compliance checks. Furthermore, clients have the power to escalate initial screenings on flagged subjects, uncovering bad actors and allowing firms to put in place immediate risk mitigation measures.
These are just a few of many use cases for First View on the Kroll Compliance Portal, which we built to be scaled and adjusted to your compliance team’s needs. Talk to an expert today to understand how First View can help your firm reduce risk inherent to third parties while also reducing your compliance program’s due diligence costs.
Integrated Into Your Workflow With the Kroll Compliance Portal
First View Screening
Use First View Screening as a stand-alone solution or as part of your compliance workflow within the Kroll Compliance Portal. Manage your third-party compliance process with ease using this intuitive workflow technology integrated with the insight and intelligence of Kroll’s renowned due diligence analysts and investigators.
First View Monitoring helps enhance your regulatory compliance processes with continuous visibility into critical third party events. Receive and track risk event notifications in the Kroll Compliance Portal to keep your compliance profiles up-to-date. All the time.
Eliminate the time-consuming task of sifting through potentially large volumes of false-positive matches. With the First View Resolution service, Kroll’s team of risk and compliance analysts take on the burden of helping you identify potential matches. This effort demands a sharp focus and dedicated resources and can often require knowledge of local languages and the underlying match data.
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