Transaction data is often monitored in isolation, as are adverse markers. By bringing them together Experian can create important context. Only now can we see the stark oddities; a business with in-flows and out-flows of £45m, with a £2.2 modelled turnover, where the director has changed nationality, is associated to EU defined high-risk country and where the business is born from a formation agent linked to 800 suspicious addresses. Something doesn’t quite add up.
By using these adverse markers and transactional data to add additional context, we can help to more readily detect and prevent financial crime.
Companies we identified with risk
2019 – 19,000 companies
2020 – 29,000 companies
2021 – 40,000 companies
Around 23,000 suspicious addresses exist in Companies House records