Automated KYC for Mining & Metals Companies
As with most regulated industries, international mining and metal companies have their own specific challenges with supply chain and vendor due diligence, adverse media screening as well as customer onboarding and monitoring. Isolating the relevant data for complex entities is a common pain point for compliance teams at mining and metal companies who need to become more efficient with their time.
Arachnys have deep domain expertise in working with mining and metal companies to provide solutions that align with their risk policy, provide adverse media screening and due diligence tools, automate manual processes and reduce duplicative and manual work across their global compliance teams.
Backed by unparalleled global data sources, we provide the tools to help you automate and accelerate manual effort in supply chain due diligence, customer and vendor onboarding, monitor adverse media and mitigate reputational risk.
Industry Problems
Mining companies face risk issues ranging from their environmental performance to their human rights records, and from conflict minerals to health and safety.
The mining industry has seen several enforcement actions with regard to ABAC regulation, and seen a steady increase in investigations and prosecutions over the past decade.
Supply chain due diligence is a huge challenges when working in emerging markets and countries with lower rankings on Transparency International’s Corruption Perceptions Index.
Arachnys Solutions
Automated AML & Investigations
Automated KYC & Onboarding
Automated Enhanced Due Diligence
We channel data into your ecosystem
We act as a single lens, accessing and enriching the best KYC & AML data from global sources, which connects your compliance ecosystem to the data you need to make more confident compliance decisions.
Benefits
Features
How we streamlined a mining firm’s KYC and CDD onboarding
A global mining business, with its primary trading hubs in Singapore and London, were looking to quickly and effectively onboard new customers, and reduce business risk through working with Arachnys.
Why mining companies must know their customers – and how to do it
How well do mining companies know their customers and suppliers? Those not engaged with the process around who they work with, could be storing up all sorts of trouble for the future.
