Prior information notice
This notice is for prior information only
Section I: Contracting
authority
I.1) Name and addresses
UK EXPORT FINANCE
1 Horse Guards Road
LONDON
SW1A2HQ
UK
E-mail: commercial@ukexportfinance.gov.uk
NUTS: UKI32
Internet address(es)
Main address: https://www.gov.uk/government/organisations/uk-export-finance
I.3) Communication
Additional information can be obtained from the abovementioned address
I.4) Type of the contracting authority
Ministry or any other national or federal authority, including their regional or local subdivisions
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Financial Crime Compliance 2nd Screening Platform
Reference number: UK1250
II.1.2) Main CPV code
79980000
II.1.3) Type of contract
Services
II.1.4) Short description
UKEF (UK Export Finance) Financial Crime Due Diligence Division's (FCDD) primary purpose is to help Business and Risk Owners understand the financial crime risk and avoid supporting transactions that are not "viable" by their being unlawful or contrary to government/internal policy. The solution will mitigate risks that may arise, and the service provider must meet the wider requirements of the UKEF financial crime policy. To identify substantial risk indicators concerning the transactions or related parties in a transaction.
UKEF seek to procure a Financial Crime Screening Solution that specializes in negative news / adverse media company and individual data on regulatory, financial, and criminal.
II.1.5) Estimated total value
Value excluding VAT:
900 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
79980000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
London
II.2.4) Description of the procurement
Key requirements:
The screening platform must have the ability to uncover hidden risk relevant to the operations of UKEF by providing advanced, negative news screening and monitoring from the earliest indication of risk.
The system must identify the correct entities/individuals, ensure connections and relationships correlate with the information provided and deliver a structured process to provide assurance to staff that they are carrying out their work correctly and reducing the risk of human error.
The screening platform must allow Financial Crime Due Diligence ("FCDD") to screen and process transactions for onboarding and ongoing monitoring thoroughly and effectively. Consider relevant findings across a range of financial and other crimes including continuous screening and monitoring of individuals and entities.
II.2.14) Additional information
Please express your interest in participating in market engagement by emailing commercial@ukexportfinance.gov.uk by 21st March 2024. Please include 'FCC Screening Platform - Market Engagement EOI' as your email subject heading. Further details will be provided on accessing further documents on receipt of the expression of interest. Your email must clearly state:
- the name of your organisation;
- contact details;
- base location (city) for the individual(s) who will be participating.
If you intend on making an expression of interest, could you please register on our e-procurement system, Atamis, on the link below:
https://ukef-atamis.my.site.com/s/Welcome
II.3) Estimated date of publication of contract notice:
01/11/2024
Section IV: Procedure
IV.1) Description
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section VI: Complementary information
VI.5) Date of dispatch of this notice
14/03/2024