Kharon and CSI Join Hands to Offer Precision Intelligence for KYC and Sanctions Risk Management

Kharon goes beyond the lists of approved actors and institutions to provide organizations with wider and more in-depth coverage by defining the networks that surround sanctioned actors and pose equal risks to financial crime and trade enforcement.

FREMONT, CA: Kharon, the research and data analytics company focused on security threats and other controversies that impact global commerce and finance, and Computer Services, Inc. (CSI), a provider of end-to-end fintech and regtech solutions, has declared they have partnered to provide customers access to research and data analytics that will improve their financial crime and trade control frameworks.

Kharon goes beyond the lists of approved actors and institutions to provide organizations with wider and more in-depth coverage by defining the networks that surround sanctioned actors and pose equal risks to financial crime and trade enforcement. Kharon's 50 Plus dataset, which contains thousands of companies that do not appear on the sanctions list but are majority-owned by sanctioned parties, as well as Kharon's Venezuela and Maritime datasets, will be available to CSI customers.

Victoria Lumb, Head of Sales, Kharon, stated, "The 50 percent rule in particular continues to be a challenge for many businesses that do not have the internal resources to investigate and continuously update what can often be complex and extensive ownership chains. All Kharon's datasets enable faster, more informed decision-making, and therefore more robust compliance frameworks. We are delighted to partner with CSI who share our ambition to empower businesses with better data and analytics while protecting them from the complications that arise from overscreening."