Cedar Rose is a well-respected and trusted supplier of global risk reporting and business intelligence tools since 1997. For over three decades it has been providing its customers with innovative compliance products, AML and KYC solutions, risk and credit analysis tools.
Founders Antoun and Christina Massaad have used their combined knowledge and credentials to build a company that offers top-class business credit solutions to the Middle East and North Africa (MENA) region. Now with a global reach, Cedar Rose has a wealth of solutions available to meet the needs of any size business, with its CR Comply tool encompassing a broad range of compliance requirements.
The importance of risk awareness
It’s paramount that you are aware of the companies you work with otherwise you put yourself at risk. If a company you do business with is sanctioned, blacklisted, or is associated with any adverse or red flag issues you could find yourself guilty by association.
A lack of adherence to strict compliance procedures could cost your business devastating financial and reputational losses. In 2019 alone, there were over $8 billion in fines handed out for financial crime.
But compliance takes forever!
We know that traditional compliance procedures can be slow and cumbersome, costing your business time and money. However, the costs of inadequate compliance could be far higher.
With modern technological advancements, businesses can onboard faster than ever but still need to enact strict checks on each existing or new customer or business partner and monitor them on an ongoing basis for any changes to their risk issues.
You can’t afford to cut corners when it comes to compliance, so you need a solution that works as fast as your business does. A fully inclusive compliance check with a fast turnaround time will let you focus on more pressing work, secure in the knowledge that your external business dealings are safe while you remain compliant and adhere to regulations and laws
Surely that costs a lot?
You might assume that super fast and highly comprehensive compliance services are expensive, but that’s not necessarily the case. With new developments in financial technology, companies can now utilize the power of Artificial Intelligence (AI) and Big Data to quickly search thousands of databases.
We are now able to conduct fast and fully inclusive compliance checks that cover everything you need to adhere to regulations. These include criminal databases, sanction lists, Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) compliance, Politically Exposed Persons (PEP) screening, and Adverse Media alerts.
Your compliance checks often produce low-quality results
Do you find that the business intelligence service that you use to conduct compliance checks often returns inaccurate or incomplete results? Are you having to spend an inordinate amount of time double-checking the data to ensure everything is correct?
There is no doubt that you are aware of the importance of accurate data when it comes to compliance. Far too much is at risk for you to accept results that you aren’t 100% sure of. While affordability and efficiency may be high on your list of requirements, there is nothing more critical than highly accurate, top-quality results.
You need an enhanced compliance check solution!
You need a fully comprehensive and highly accurate compliance check that covers all the bases, providing you with up-to-date information in as short a time as possible. To achieve this goal, you need a solution that makes use of modern technologies like artificial intelligence (AI), machine learning, web scraping, data analysis, and natural-language processing.
With this powerful new technology, compliance solutions can now rapidly search through thousands of active databases and validate the results in real-time. Gain access to thousands of government regulatory and law enforcement watchlists, up-to-date sanctions lists and PEP profiles, and 150 million adverse media articles from over 230 countries.
Monitor any critical and risk issues from the start
Our CR Comply service comes pre-selected with a proactive monitoring service for twelve months from the minute you use our service to screen anyone or any entity of any type. CR Comply provides instant alerts should your counter party’s compliance status change with no manual intervention or processes on your side.
The Cedar Rose CR Comply service
Cedar Rose’s brand new CR Comply service is an instant global compliance tool that uses machine learning algorithms capable of processing 6.5 million articles per day. Developed by world-leading engineering teams and curated by teams of subject matter experts, these algorithms produce results with a higher degree of accuracy than human checks.
Profiles are accurately labelled with easy-to-justify categories that help to reduce false positives by only screening elements relevant to your business. CR Comply is available in 14 languages using 10,000 data sources and covering 150 million articles per month.
Cost-effective compliance service
And the best part is, Cedar Rose’s CR Comply is a reliable and affordable compliance service which starts from as little as €0.50 Euro cents when you purchase a package, with a maximum cost of €15 Euro and can be used on a case by case basis through our website here.
Why subscribe to compliance services that could cost tens of thousands of euros or dollars when you pay for what you need when you use CR Comply?