#Japan #Tokyo #Risk Assessment #Compliance Data Lab #Compliance Station

Compliance Station® Risk Assessment Certified by Tokyo

In a significant development in the field of compliance solutions, Compliance Data Lab, Inc. (CDL) has received notable recognition for its innovative service, the Compliance Station® Risk Assessment. This service has been certified under the Tokyo Metropolitan Government's Trial Purchase Certification System for the fiscal year 2023.

Understanding the Tokyo Trial Purchase Certification System

Initiated in 2009, the Tokyo Trial Purchase Certification System aims to support the proliferation of innovative products and services developed by small and medium-sized enterprises within the Tokyo area. The program recognizes outstanding new products and services, promoting them while also allowing for trial purchases to evaluate their effectiveness.

This system plays a crucial role in assisting local businesses by facilitating a safe and robust business environment that encourages innovation and adherence to compliance regulations.

Overview of the Compliance Station® Risk Assessment Service

Amidst the increasing instances of fraud related to subsidies and grants from government bodies, there has been a growing demand for effective risk management solutions. The Compliance Station® Risk Assessment service is designed to address these needs by providing comprehensive risk evaluations for companies applying for subsidies and grants. By conducting evaluations from multiple perspectives, this service aids administrative bodies in making informed decisions regarding the selection of applicants while ensuring the integrity of the processes involved. In addition, CDL utilizes its other service, Compliance Station® UBO, for certain aspects of the risk assessment, specifically in identifying the ultimate beneficial owners of the companies under review.

Features of the Compliance Station® Series

The Compliance Station® Series is positioned as a comprehensive compliance data management platform that comprises three pivotal services: data collection (UBO), data management (Connect), and risk assessment.

Among these, Compliance Station® UBO stands out as a premier service capable of providing instant online access to information regarding the ultimate beneficial owners (UBOs) of corporate clients. This is especially pertinent for financial institutions tackling challenges related to money laundering and financing of terrorism, where identifying the true controllers of entities is critical.

By retrieving relevant data on companies, the service is able to visually represent complex ownership structures through graphs, thus clarifying the relationships between governing entities.

Terminology Explained: Ultimate Beneficial Owner (UBO)

An ultimate beneficial owner is defined as a natural person who holds more than 25% of the voting rights of a corporation, either directly or indirectly, thus allowing for accurate identification of who truly benefits from corporate governance.

About Compliance Data Lab (CDL)

With the mission to make advanced compliance management accessible, Compliance Data Lab, Inc. leverages technology and expertise to deliver optimal services to its clients. The firm aspires to become the leading solution vendor in compliance management driven by data utilization.

Company Overview

• - Name: Compliance Data Lab, Inc. (CDL)
• - CEO: Hiromichi Yamazaki (Certified Anti-Money Laundering Specialist, Certified Global Sanctions Specialist, Certified Information Systems Auditor, Master of Engineering from Johns Hopkins University)
• - Location: Marunouchi Nijubashi Building, 3-2-2 Marunouchi, Chiyoda-ku, Tokyo
• - Business Focus: Data services, consulting, system development, and operational outsourcing related to compliance management
• - Established: April 1, 2021
• - Contact: 03-6837-9665
• - Website: Compliance Data Lab
• - YouTube Channel: CDL YouTube

The recent certification of the Compliance Station® Risk Assessment service underscores CDL's commitment to enhancing compliance mechanisms and fostering a more reliable business environment.