Due diligence checking of your business partners
Companies must know their business partners. Particularly in sectors with high regulatory density, there are clear rules of conduct, laws and policies. Complying with these is very important for companies. A central principle for this is the ‘know your customer’ principle (KYC). This requires companies to carry out eligibility checks of their customers.
As the market leader in commercial information, we have the largest national and international customer database at our disposal. This encompasses more than a million firms in Switzerland and around 250 million firms worldwide.
In addition to unique identification, the master data of these companies also includes the decision maker and proprietor as well as key finance and solvency figures. The Bisnode D&B Switzerland Ltd. compliance products complement this information with additional elements relevant to regulation. Thus matching the companies and people to be checked with various sanction and ‘politically exposed persons’ (PEP) lists. Single business partners or entire existing customer bases can therefore be checked quickly and easily in order to obtain a reliable and documentable basis for decision making.
Companies can fulfil legal conditions and sector relevant guidelines with the help of Bisnode D&B Switzerland Ltd.