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Anti-Financial Crime & Regulatory Compliance
Board members, senior management, investors, and even customers agree that having adequate controls in place is more important as financial crime and regulatory enforcement grow in scope.
Protect your firm with LexisNexis' exclusive risk database, research tools, and comprehensive technology solutions for performing prompt and efficient due diligence checks on your prospective and current customers.
TAKE A LOOK AT WHAT WE CAN DO FOR YOU.
Financial Criminality Poses a Danger
Criminal gangs make billions of dollars a year via financial crime. UNODC estimates that up to $2 trillion of illegal monies are laundered via the global financial networks every year, which represents between 2% and 5% of world GDP (and it keeps on increasing every year). Worldwide, barely one percent of these illegal money transfers are believed to be intercepted, according to this estimate.
As thieves become more skilled and hunt for new gaps in financial networks, no company is safe from the prospect of financial crime or governmental regulations. AML, CTF, sanctions, and other high-profile predicate crimes, such as bribery and corruption, fraud, and labor exploitation, all pose major regulatory or reputational concerns; therefore, you must do thorough background checks on all clients.
How Can LexisNexis Assist?
Get A Customer Up and Running
Complete particular customer due diligence (CDD) on new clients, comprising advantageous ownership verification and screening for PEPs, sanctions, and adverse media screening.
EDD includes extensive sources of wealth research, specialized lists, and personalized investigative studies to explore additional risk concerns.
Keeping An Eye on Current Consumers
To ensure that their clients' risk profiles haven't altered, financial institutions must perform frequent and continuing surveillance of their current customers.
In order to monitor all of their clients for changes in their PEP status, penalties, and negative publicity on a regular basis, many companies are turning to automation in this process.
Payouts and Sanctions Checks in Real Time
Sanctions screening criteria must be met by all firms, and they must have proper procedures in place. Risk assessments include checks to see whether payments are being processed in prohibited areas or for sanctioned persons, companies, or territories without the company's knowledge.
The Advantages of Employing Reliable & Long-Lasting Screening Data
Anti-Financial Crime & Regulatory Compliance is essential to ensuring the integrity of your financial institution. Get in touch with LexisNexis to get the best solutions today!
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Frequently Asked Questions
Answers to some popular questions
Get A Customer Up and Running
Complete particular customer due diligence (CDD) on new clients, comprising advantageous ownership verification and screening for PEPs, sanctions, and adverse media screening.
EDD includes extensive sources of wealth research, specialized lists, and personalized investigative studies to explore additional risk concerns.
Keeping An Eye on Current Consumers
To ensure that their clients' risk profiles haven't altered, financial institutions must perform frequent and continuing surveillance of their current customers.
In order to monitor all of their clients for changes in their PEP status, penalties, and negative publicity on a regular basis, many companies are turning to automation in this process.
Payouts and Sanctions Checks in Real Time
Sanctions screening criteria must be met by all firms, and they must have proper procedures in place. Risk assessments include checks to see whether payments are being processed in prohibited areas or for sanctioned persons, companies, or territories without the company's knowledge.
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