We are ComplyNow, a Dutch scale up that offers services in the field of AML/CFT as well as GDPR and TOSA. We offer our clients solutions in compliance, SIRA, CDD, awareness and suspicious activity reporting.
During the development of our method to execute the SIRA we noticed that there are no easy ways to
sketch the geographical risks. That is why we developed our own method to do so. Our method
considers the Basel AML index, CPI index, black lists of tax havens, sanction lists of the OFAC, the
UN and the EU, and the high risk third countries by the European Commission.
Our algorithm uses all this information to determine the score each country receives. The higher the score, the higher the risk.