Compliance in Tech

We have proven experience in financial crimes within the technology sector, with experts in AML, Sanctions, and Regulatory Oversight who have built and enhanced robust financial crimes programs. We have brought our technology-enabled work to Transaction Monitoring, Models and Rules, Sanctions and PEP screening, KYC and Enhanced Due Diligence teams using methodologies like Native KYC. 

A unique aspect of our approach is the integration of proprietary technologies in our work. Notably, our Sanctions Challenger solution helps cover sanctions risks by using AI to test your screening processes at scale and our Fraud Detection solution proactively detects anomalous patterns through machine learning to bolster your models.

By leveraging technology, our work has helped technology companies: 

• Mitigate Regulatory Risks: Our team's proactive approach in identifying and addressing compliance challenges helps avoid costly penalties and reputational damage. 

• Strengthen Program Foundations: We have successfully launched and scaled complex compliance programs responding to regulatory needs across the globe.  

• Improve Operational Efficiency: By streamlining processes, we help optimize compliance programs, reducing costs and increasing effectiveness. 

We specialize in developing and implementing robust risk and compliance frameworks tailored to your organization's specific needs. With a focus on areas such as Enterprise Risk Management (ERM), Operational Risk, Risk and Control Self-Assessments (RCSAs), Market Abuse and Conduct, Banking Laws, Anti-Bribery & Corruption, and emerging risks like Crypto, Third-Party Risk, and AI Ethics, we provide comprehensive solutions to safeguard your business. Our services encompass regulatory monitoring, operational optimization, program implementation, and ongoing assessment to ensure your organization's resilience and compliance. 

From strategic outsourcing decisions to ongoing risk mitigation, we also offer a full spectrum of third-party risk management capabilities. Our services encompass crafting a tailored outsourcing strategy, designing and implementing a robust TPRM framework aligned with regulatory requirements, and providing ongoing support for remediation and optimization. By assessing your organization's unique needs and maturity level, we develop a customized roadmap to enhance your TPRM posture. Our expert team guides you through every step, from identifying critical outsourcing determinants to establishing a sustainable TPRM operating model. 

Sia Partners is ready to support your business with comprehensive GenAI services, ensuring seamless integration and maximum value. This can be as simple as continued support for the solution we implement, scaling all the way to developing new use cases for different areas of your business. 

To effectively harness the power of Generative AI, we support you from strategy to development, integration, and monitoring. We develop a robust and personalized framework to: 

• Define high value use cases through impact assessments and feasibility analyses.

• Keep pace with the rapidly evolving landscape, including model watch and validation, use cases watch, GenAI security, and infrastructure management.

• Roll out the best GenAI implementations to your specific use cases.

• All while practicing responsible AI, with expertise in policies and procedures, governance, training and awareness, and risk appetite adjustments.

We have formed extensive expertise leveraging GenAI-powered solutions for Legal and Compliance teams, which include: 

• Doc Review: Analyze various types of documents to identify and classify based on content, while also flagging compliance issues.  

• Risk Assessment: Identify potential risks, while assessing likelihood and impact on organization, and automate risk reporting.  

• Regulatory Monitoring: Analyze large data to identify compliance issues, monitor regulatory changes, and automate compliance reporting.  

• Privacy and Compliance: Classify privacy data risk, develop an outline and the implementation of privacy policies, and develop privacy training materials.  

• Cybersecurity: Detect anomalies and identify potential cyber threats, automate incident response, and use behavioral analytics to identify user activity.  

• Regulation Management: Identify compliance gaps by comparing processes and controls with regulatory requirements, develop and mitigate regulatory change management, and develop compliance training materials. 

And with our proprietary SiaGPT, we have helped Compliance and Legal teams accelerate projects by leveraging the potential of Large Language Models. The information extractor and prompt engine operate seamlessly across vast volumes of documents. SiaGPT's features include: 

• Upload documents and connect to a secure database to share your project internally; only designated users can access your project.  

• Manage, extract, and compare information from a large volume of documents; trace the information by accessing the precise sources of the answers provided by SiaGPT in one click. 

• Chat with SiaGPT using the prompt to ask questions, similar to chatbots with which you're already familiar.  

• Generate insights and comparative results. 

Let us help you harness the power of GenAI to transform your Legal and Compliances practices and achieve greater efficiency, accuracy, and insight.