Smarter Procurement, Stronger Government
Enhance the credibility of government procurement processes and resource allocations with in-depth supplier and contractor screening to uphold financial integrity, and reinforce the principles of transparency, responsibility, and accountability.
Expensive deals
The Dark Side of Inadequate Contractor Screening
Corrupt contractors or suppliers/ contractors involved in money laundering create a nexus of intricate issues that undermine transparency, competence, and integrity in the Government procurement process by:
Foster a culture where illicit practices, such as bribery, corruption, and kickbacks thrive.
Exposes the government to legal and regulatory risks, including investigations, fines, and legal proceedings, which demand significant resources and result in penalties.
Siphon public funds for personal gain, depleting vital resources allocated to critical public projects and services.
Tarnishes the government's reputation, eroding public trust and undermining confidence.
Disrupts government projects and services, causing delays, cost overruns, and potential legal complications, impacting operational efficiency and service delivery.
Pose national security risks, compromising sensitive government information, infrastructure, or critical assets, thereby endangering the nation's security interests.
Secure National Interests
Transform The Way You Screen with AML Watcher
AML Watcher transforms the way government entities manage their procurement processes, ensuring not only compliance but also optimization for maximum efficiency.
Detect High-Risk Contractors With Enhanced Due Diligence
Advanced algorithms with robust compliance data sources preemptively detecting suppliers' backgrounds, financial histories, and potential risks to embark on critical insights for making informed procurement decisions.
- Unlimited Screenings For Sanctions, Pep, Media Lists
- Access Global List Database
- Effortless And Intuitive User Interface
Foster Higher Ownership Transparency And Fairness
Promote explicit procurement by unveiling beneficial ownership structures and uncovering potential conflicts of interest for equitable and ethical procurement practices
- Rapid Audit Trail
- Minimize False Positive
- Advanced Matching Algorithm
- Real-Time Monitoring
Maximize Trust And Geopolitical Alignment
Continually refining screening algorithms based on new data and trends ensures trust among key stakeholders and underscores the government's commitment to international anti-corruption efforts, reinforcing diplomatic ties and global cooperation.
- Customized Geographic Filters
- Unlimited Name Searches
- Minimize False Positives With Automated Screening
Leverage Operational Efficiency with Quality Assurance
Receive instant notifications on specific triggers, global modifications, or anomalies to enhance operational productivity, reduce delays in the procurement procedure, and ultimately save time and resources.
- Seamless User Interface
- Centralized Database
- Fast, Efficient Reporting
- Tailored Risk Scoring
Comply Better
Unravel Complexities with Ease & Innovation
The procurement process is highly prone to corruption, presenting a myriad of challenges that demand attention. Here’s how AML Watcher helps navigate complexities
Entity-linking technology and advanced screening help track risk profiles.
Enhanced due diligence helps block customers with questionable backgrounds.
Robust risk alert leads to reporting corrupt activities for robust risk mitigation.
Get Compliance Right
Transform your procurement strategy now!
Together, we can unlock the power of AML screening to create a procurement process marked by financial integrity, transparency, and responsible governance.
