Your ticket to enhanced Due Diligence

With LexisNexis Know Your Customer (KYC) you are able to check companies, persons and risk areas. Our extensive database with worldwide coverage of news, company profiles, biographies, sanctions and politically exposed people (PEP) enables you to do this fast and efficiently.

LexisNexis KYC content includes the must-have world-class sources, as well as hard to find specialised content that may cover the entity you are researching.

You could spend lots of unnecessary time and money scanning newspapers and accessing various databases and information services for the information you need. Or, you could simply just use LexisNexis' KYC application.

LexisNexis KYC can be used to gather information, conduct searches quickly and present all the information you need in a coherent form, so you can use your time and money to take appropriate actions to avoid heavy fines, loss of vital business opportunities or being defrauded.

Increasingly stringent guidance, regulations and legislation designed to tackle money laundering within the global banking sector increase account opening times and impact on customer service. The key drivers surrounding money-laundering risk mitigation often include:

• Financial Imperatives:
  The costs required to provide and maintain adequate procedures, ensure customer service standards remain high and settle substantial fines in the event of non-compliance.
• Reputational Imperatives:
  The effects of negative publicity for non-compliance on your brand image, share price, and public relations budget. From client vetting and anti-money laundering to compliance and corporate security, LexisNexis mitigates risk in top-tier banks. Banks have already made substantial investment in complex and integrated suspicious activity and currency transaction reporting systems. However, the LexisNexis application for enhanced due diligence is easy to use, quick to deploy and secure.
• Regulatory Imperatives:
  Ensuring compliance with the PATRIOT Act, current EU money laundering legislation, FATF guidance and the impending Third Money Laundering Directive.

 Top tier banks already deploy the LexisNexis enhanced due diligence application and mitigate risk every day.

Why use LexisNexis KYC?

Ensure compliance with the US Patriot Act, current EU money laundering legislation and the Third Money Laundering Directive.

Negative publicity concerning non compliance will have damaging effects on your brand image, share price and public relations budget.

The fines for non-compliance are substantial. Yet the costs in both time and money of using conventional methods to stay fully compliant to the regulations are also very high. KYC offers you the ideal solution!

Search several content sets via one easy-to-use interface. Fast and efficient, you will gain a competitive advantage by speeding up the client acceptance process.

Know Your Customer offers advanced functionality and intuitive search results:

• Intuitive preset search forms for company or person searches.
• Ability to search several content sets simultaneously and review multiple results sets immediately.
• Targeted search for derogatory news on a company or individual.
• ‘In the News’ feature for updated security and regulatory news.
• Quick access to global regulators and other resources.
• Online quick card and user support information.

The world's most comprehensive database with world class sources plus hard to find and specialised content. The database includes the option to target derogatory news, which allows you to check how companies and persons worldwide appear in the news.

The sources in Know Your Customer include:

• Global News Coverage 
  Multiple-language news database with up to 30 years archive: all national, international and regional newspapers, trade publications, news wires, wide interest magazines, media transcripts e.g. The Independent, The Observer, The Daily Telegraph, The New York Times and The Moscow Times
• International Company Profiles 
  Over 90 company financial report and directors' databases of listed and unlisted companies e.g. ICC Information, Hoppenstedt, Creditreform, Worldscope
• Dun & Bradstreet Global Identifiers
  Directory of 120 million global public and private company records
• Politically Exposed Persons Data
  International PEP data for officials around the world e.g. Info4C
• International Sanctions and Watchlists
  Key sanctions lists updated as new alerts arise e.g. OFAC, OSFI, EU, Bank of England, FBI
• Biographies
  Extensive biographies on directors, shareholders, government officials, politicians, people in the public view, high net-worth individuals e.g. Who's Who, Debrett's People of Today, UK Disqualified Directors, Market Guide Executives, Directory of Directors
• Liens Filings and UCC Liens Filings
  US filings detailing debt litigation and judgments, legislation and case law content