Legal Risk Management
Italian companies are constantly exposed to the risk of judicial investigations involving suppliers, customers, and partners due to alleged fraudulent agreements aimed at tax evasion. In fact, in almost all cases, the company, although completely unrelated to the committed offense, finds itself involved in the investigations for having purchased goods or services from a fraudulent supplier.
Consequences for Companies
- Non-deductibility of costs and VAT for undue deduction
- Administrative sanctions
- Seizure of funds
- Risk of conviction for the crime of fraudulent declaration
- Seizures equivalent to the profit from the tax offense
Actions to Counter These Dynamics
Complegal focuses on:
- Enabling companies to effectively fulfill control obligations on suppliers and partners.
- Minimizing the risks of involvement in judicial investigations.
- Allowing companies to collaborate exclusively with firms that comply with current regulations and maintain high standards of legality and integrity.
How This Verification Process Works
The process is based on a data-driven approach, utilizing descriptive and inferential analysis of available data with traditional predictive models or machine learning. These models help to define the differential impact on risk, even based on available historical information.
The Complegal KYP (Know Your Partner) system analyzes over 100 financial data points collected over the past 4 years, synthesizing them into 5 median indicators (QIMMAT, QPATR, QONFIN, QACCO, QCLAV). The “hyperalgorithm” indicates the highest risk of tax fraud with the highest value. The system creates an evaluation report of the examined client/supplier, indicating the KYP SCORE.
Blockchain Technology
The report also contains verified data with blockchain technology, ensuring the document’s uniqueness and immutability. Access to the platform allows for the evaluation of suppliers, customers, or partners at any time.
Consequently, Complegal enables companies to effectively meet control obligations on suppliers and partners, minimizing the risks of involvement in judicial investigations. The platform uses advanced algorithms and blockchain technology to ensure data reliability.
