Lexis Diligence for Anti-money laundering

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Lexis Diligence for Anti-money laundering

  1. 1. Lexis® DiligenceProtect your organisation from the risk of heavyfines and damage to corporate reputation withcost-effective customer due diligence. For Anti-Money Laundering Compliance
  2. 2. Streamline client onboarding with Lexis Diligence provides access to the dataLexis Diligence you need to make better decisions andLexis Diligence brings together all the intelligence you need protect the integrity of your organisation:in one place to conduct consistent enhanced due diligencechecks in-house on your high risk customers. Onboardcustomers quickly and comply with the Money Laundering Company informationRegulations 2007 or the Criminal Justice (Money Laundering Verify a corporate entity and find out more about itsand Terrorist Financing) Act 2010. Through a single, easy to business and management structure. Access overuse website, your compliance department can access the 150 databases of premium business information andinformation they need anytime, anywhere. It’s fast, intuitive millions of public and private company profiles coveringand doesn’t require any additional IT investment or training. developed and emerging markets.All searches are time and date stamped providing you with theaudit trail you need for the regulator. Sanctions, PEPs & watch listsSearch results can be printed, emailed or saved into a Ensure your organisation doesn’t work with a blacklistedconsolidated report. company and put you at risk of costly fines. Screen against all the key international sanctions and watch lists including OFAC, HM Treasury, FBI and over 800,000 PEPs.Choose Lexis Diligence and benefit from:• Increased business efficiency Global news archive• Reduced financial risk Minimise reputational risk to your business by checking against over 23,000 news sources from international,• Ongoing regulatory compliance national & regional newspapers, blogs and newswires.• Reputation protection With an archive going back over 35 years, ensure you don’t miss valuable information not available on the web.With Lexis Diligence you can: Legal history Perform a company or individual background check The international cases data helps users to determine Conduct a negative news check how litigious an individual or company may be. Perform a sanctions and politically exposed person Coverage includes data from the UK, EU, US and (PEP) check selected Asian jurisdictions. For example from the Check a company’s litigation history UK this includes; All England Law Reports, ICLR Law Reports and reported cases from England, Wales, Assess an individual country’s risk Scotland and Northern Ireland. Biographies Truly understand an individual’s background. Draw on over 500 biographical sources and executive profiles from Who’s Who to Debrett’s. Through a single, easy to use website, your compliance department can access the information they need anytime, anywhere.
  3. 3. How it works • Perform a search on a company or an individual according • Simply view the results and decide which items you want to to your risk-based approach save, print or add to the Report Builder, including any searches that generated no results for your audit • Lexis Diligence searches across multiple databases delivering accurate and relevant matches immediately against news and • Reports can be customised by prioritising the information business information, sanctions and PEPs as required • You can also add your own annotation to the report summarising key points An example of a Due Diligence report through Lexis Diligence Lexis® DiligenceTime and date Report Created:stamp for the Friday, October 08, 2010 13:04:regulatory audit 16 by Risk Analy st Notes: Due diligence re search conducte potential reputa d. Please refer to tional risks. articles 4 and 7 which indicate Research Inform ation: This document contains invest igations on: Priva Ability to add te Client 4496KL L8 annotation to the report if requiredAny resultsthat indicate a Negative newsconcern can beprioritised forthe reviewer Company report s Directors Shar eholders Biographies Sanctions Wat chlists Examples of different types of PEPs content retrieved
  4. 4. Ongoing screening monitoring Trust LexisNexis to protect your business LexisNexis has a world-class reputation for providingTrack high risk customers to ensure you are alerted to professional firms with critical business tools. For over 30 yearsany changes after onboarding we have been pioneers in risk management and intelligence.Our sanctions screening and media monitoring tools along withLexis Diligence provide the complete AML solution for all your Our solutions are used internationally by financial services,customer due diligence needs. legal and accountancy firms and blue chip multinational companies, including the world’s top 5 banks, to enhanceBridger Insight business decision making, reduce the cost of compliance,Screen as many customers as you need to against sanctions, fulfil regulatory requirements and prevent money laundering.ID verification data, PEPs and your own internal watch lists to Access all the UK and global news, company and individualcontinue to safeguard your corporate reputation. Our superior information, sanctions, PEP and watch lists you need forfuzzy-name matching algorithm ensures better matches, cost-effective and efficient client screening, enhanced duesaving you valuable time and money. diligence and media monitoring.LexisNexis AnalyticsMonitor news across all key media on your high risk customersthrough your own early warning system, set up by our analysts.Automated monitoring enables you to anticipate and mitigateany financial and reputational risks to protect your organisation.Instant ID InternationalConfirm the identity of UK, US and international individualsusing the most up to date ID verification information available.Sources include electoral roll and passport data. LexisNexis has a world-class reputation for providing professional firms with critical business tools.Get in touchTo find out more about Lexis Diligence and how LexisNexis can help your business:+44 (0) 20 7400 2984 | risk@lexisnexis.co.uk | www.lexisnexis.co.uk/risk

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