Now selecting design partners
Convorma is an agentic platform that screens counterparties, traces beneficial ownership, and classifies export transactions. Automatically. We're in development and looking for a small group of companies to build it with.
Apply to be a design partnerBuilt by practitioners with backgrounds in Big 4, finance, banking, supply chain, and global AI infrastructure.
Why this matters now
01
Under EU Directive 2024/1226, penalties reach 5% of global annual turnover, and criminal liability now extends to serious negligence. Executives can be prosecuted personally without deliberate intent. A €150M company faces €7.5M exposure on a €5,000 shipment.
02
SAP GTS and Oracle GTM cost $500K–$2M per year. Mid-market compliance teams make do with spreadsheets and consultants.
03
That's exactly when exposure becomes liability, and a routine delivery becomes a six-figure cleanup.
Recent enforcement
These companies weren't trying to break the rules.
They just didn't screen.
$1,610,775
A freight forwarder's VP skipped the carrier screening step under deadline pressure. The airline turned out to be a subsidiary of Venezuela's sanctioned state carrier, costing them $1.6M in OFAC fines.
Fracht FWO Inc. · US · OFAC, September 2025
$2,544,781
A CNC machine manufacturer didn't screen end customers in its distributor network. The distributors sold on to sanctioned Russian and Chinese military entities, costing them $2.5M in OFAC and export control fines. On transactions worth $98,000.
Haas Automation · US · OFAC + BIS, January 2025
$3,300,000
A tech company's European subsidiaries processed 1,339 transactions to sanctioned parties across Iran, Cuba, Syria, and Russia over seven years. The automated screening systems weren't thorough enough to catch them, resulting in $3.3M in OFAC and export control fines.
Microsoft · US/EU · OFAC + BIS, April 2023
£465,000
When closing their Moscow office, a global law firm made payments for redundancy, audit, and insurance through their usual Russian banks, without screening them against the sanctions list. All three banks were listed, costing them £465,000 in fines, halved only because they self-reported immediately.
Herbert Smith Freehills · UK · OFSI, March 2025
What we're building
Every existing tool flags an issue and waits for a human to investigate. Convorma's agents run the full workflow, decision included, and route only genuine ambiguity to a compliance reviewer.
Product A
Sanctions & UBO Screening
"Are we legally permitted to transact with this party, directly or through the ownership chain?"
A chain of purpose-built agents screens the counterparty, traces the full ownership structure to beneficial owners, and synthesises all findings into a single documented decision. No list of flags to reconcile manually.
Product B
Export Controls
"What can be transferred, to whom and where, and what authorisation is required to release it safely?"
Purpose-built agents classify the item, assess destination, end-user, end-use, and diversion risk, then determine licence requirements. A Transaction Release Agent gates final authorisation only once every check is complete.
Design partner programme
Design partners shape the product, not just use it. We build your workflows in from day one and work with you directly, not through a sales team.
We map your compliance process and build Convorma around it. Not the other way around.
You work with us, not a sales rep. Your feedback shapes the roadmap.
Substantially reduced rates in exchange for your early commitment.
Targeting production-ready by December 2026.
We review every application personally and reply within a few days.