How to get the Best Anti-Financial Crime & Regulatory Compliance

All risk data isn't created equal; the criterion for inclusion in lists and the amount and structure of coverage may vary greatly. For the persons and entities that enter our database, our skilled content strategy team meticulously develops and standardizes definitions. Secondary IDs are also added to main source data by our researchers so that users may better analyze matches.

Due to the fact that a single name might be found on many sanctions lists, compliance teams typically have to clear the same name multiple times. Due to the regular consolidation and updating of LexisNexis' Watchlist, fewer duplicates are found while searching on other lists, including OFAC and HMT.

These lists are constantly reviewed and updated to keep up with foreign governments and organizations' ever-increasing frequency of sanctions and exclusions. Up to six times each day, our premium Payments & Transactions Lists are updated around every four hours.

It's tough for most professionals to keep up with the news, particularly since many items are behind paywalls, and it's impossible to discern whether an unfavorable news report is legitimate or not. Hundreds of thousands of articles are processed each day by our multilingual experts using proprietary AI and machine learning technology. We get rid of the non-essentials and collect and organize the information required to link an event, person, or business with its proper classification.

Systems must be flexible enough to accept a variety of workflow approval methods. Quickly reviewing cases with clear alerts is made possible by LexisNexis' ability to integrate bespoke procedures. This limits the number of relevant results that are returned to a minimum while at the same time freeing up extra system resources.

To keep up with the ever-changing regulatory environment, LexisNexis' PEP content is based on a unique global definition developed via continual examination of international and national standards. Adaptation to or exclusion of particular national AML criteria is made possible by the data structure's filtering capabilities, which include "Additional Domestic Screening Requirements."