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Reduce Sanctions Risks with Location Intelligence

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  • Financial Services

Regulators are imposing heavy fines and penalties on virtual currency companies that permit individuals to transact from within sanctioned jurisdictions. To identify and stop these individuals – and protect your organization from regulatory risk – the Office of Foreign Assets Control (OFAC) recommends geolocation tools and IP address blocking controls as a sanctions compliance best practice. To help you onboard more legitimate customers and block users in sanctioned or high-risk jurisdictions, GeoComply offers next-level location intelligence. Our unique approach to collecting, verifying and analyzing location data brings a new set of insights for compliance and risk management, so you can:

  • Increase location accuracy for digital identity verification.

  • Augment existing risk engines with accurate location data.

  • Amplify your VPN and proxy detection with the industry’s gold-standard IP database.

  • Location_intelligence_mobile_version
    Location-Intelligence
    Globe made of dots
    • 9 billion+

      analyzed transactions per year, and growing

    • 400 million+

      installed devices worldwide

    • 350+

      checks run on every transaction

    GeoComply Strengthens KYC/AML & OFAC Sanctions Compliance

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    Use Case

    KYC and digital identity verification
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    Use Case

    KYC and digital identity verification

      How GeoComply Helps

    • checkmark Verify a customer’s true location as part of their digital identity – from onboarding to updating user credentials.
    • checkmark Identify the use of high-risk VPNs, fraudulent IP addresses and other location spoofing
    • Benefit

    • checkmark Exclude individuals trying to login from sanctioned or high-risk countries.
    • checkmark Validate the exact location of a user at the time of a transaction. Detect suspicious activity in real-time.
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    Use Case

    AML & sanctions checks
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    Use Case

    AML & sanctions checks

      How GeoComply Helps

    • checkmark Identify the use of high-risk VPNs, fraudulent IP addresses and other location spoofing methods.
    • checkmark Analyze historical geolocation transactions to detect and flag abnormal behavior, such as location jumping.
    • Benefit

    • checkmark Determine the legitimacy of an IP address potentially associated with criminal activity.
    • checkmark Identify and block transactions originating in sanctioned jurisdictions.
    • checkmark Create an audit trail for improved reporting and traceability of all transactions.
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    Use Case

    Geofencing
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    Use Case

    Geofencing

      How GeoComply Helps

    • checkmark Create a virtual perimeter around sanctioned or high-risk jurisdictions using verified location data from a user’s device.
    • Benefit

    • checkmark Block high-risk users or users from sanctioned jurisdictions. Ensure sanctions compliance. Reduce the risk of fines and other enforcement actions.

    GeoComply’s Geolocation Security Solutions

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    GeoComply-Core

    Geolocation compliance tools for every use case

    Increase location accuracy for digital identity verification, fraud detection and regulatory compliance.

     

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    RiskGuard

    Enhance existing risk models with a frictionless API-based solution

    Improve customer identification and fraud detection with verified location data.

     

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    GeoGuard

    The only VPN and proxy detection solution with 99.6% accuracy

    Safeguard against the most advanced location spoofing methods.

     

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