KYCコンサルティング has begun a collaboration with General Incorporated Association Japan Reuse Organization. The parties will provide RiskAnalyze to member companies and support efforts to address the risks of illicit transactions and contact with antisocial forces in the reuse market. AI-powered investigation reports can reportedly be generated in as little as 0.4 seconds.
KYCコンサルティング announced that it has begun a collaboration with General Incorporated Association Japan Reuse Organization, with the aim of building and strengthening compliance frameworks to address the risks of illicit transactions and contact with antisocial forces in the expanding reuse market.
As part of the collaboration, the company will provide Japan Reuse Organization member companies with operational know-how for the AI-powered RiskAnalyze system, supporting greater efficiency in risk-screening operations. RiskAnalyze cross-checks databases covering more than 1,000 locations in Japan and more than 240 overseas locations, and can reportedly generate investigation reports in as little as 0.4 seconds.
The two parties plan to jointly hold seminars and study sessions, as well as conduct awareness initiatives to raise compliance awareness across the reuse industry.
The collaboration covers areas including outsourced screening for antisocial forces and sanctions, as well as the development of basic policies and frameworks. It is aimed primarily at member companies. By providing operational know-how for RiskAnalyze, the parties seek to strengthen member companies’ risk management frameworks.