Compliance, KYC & AML

Compliance and anti-money laundering solutions for efficient screening

 

Secure your business by keeping an eye on compliance. Under the legislation, financial institutions and companies must check whether their customers are politically exposed persons (PEP) or whether they are on sanctions lists in order to prevent money laundering and terrorism. With politically exposed persons there is a risk that their rank and influence will be exploited, for example for bribery and other criminal offences. These are essentially people who exercise or have exercised an important public function, such as cabinet members or heads of government. This also includes people who hold leading positions in international organisations.

 

It is not prohibited to do business with politically exposed persons, with their relatives or related parties. However, the law requires companies to know which customers are politically exposed persons. Sanctions lists contain entries from the EU and the UNO, from which the names of persons who are sanctioned for involvement in or links to terrorism are derived. It is not permitted to do business with these persons.

 

Our compliance and AML offerings are among the solutions trusted by banks, financial institutions and private companies in 19 markets. You retain control over anti-money laundering processes and benefit from systems that are always up-to-date and in compliance with the law. With our products and services, you can position yourself as a compliance expert at any time in a global environment with increasingly complex requirements. We provide you with the tools you need to manage anti-money laundering risks quickly and smoothly. An API gives you access to current business and financial regulations as well as local and international PEP databases.

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Maintaining a worldwide compliance

Through our cooperation with Dun & Bradstreet, we can offer solutions that simplify international compliance processes and promote compliance with global regulatory requirements. For example, D&B Onboard gives you access to an online tool that enables you to centrally call up reliable information about your customers and suppliers. To further complete your decision-making basis and to make it clearer with whom you do business, we also prepare overviews of group structures for the companies in your portfolio. This enables you to ensure that there are no irregularities in the network around the business partner. This gives you more security and control with regard to current anti-money laundering regulations.

Optimised handling of credit decisions through an integrated solution

With Bisnode solutions you have the possibility to screen your own customer directory for politically exposed persons and hits on sanctions lists. Your customers will then be identified based on these parameters, for example, when customers are admitted and their creditworthiness is also checked. In this way the compliance screening during the registration of new customers is a matter of course. However, it can also be used for the daily review of the existing customer portfolio. Thanks to compliance screening on the basis of real-time updates, you can ensure that your customer data is always current and relevant.