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C6 intelligence - Enhanced Due Diligence- Wall Street Journal - December 2012


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C6 Intelligence Information Systems has seen a three-fold increase in its Enhanced Due Diligence (EDD) operation in the past 12 months and predicts further substantial growth in 2013.

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C6 intelligence - Enhanced Due Diligence- Wall Street Journal - December 2012

  1. 1. 11, 2012, 9:01 a.m. ETC6 Intelligence Sees 300% Increase inEnhanced Due Diligence (EDD) ReportsLONDON, December 11, 2012 /PRNewswire/ --Having seen a three-fold increase in its Enhanced Due Diligence (EDD) operation in the past 12months, C6 Intelligence Information Systems predicts further substantial growth in 2013.Enhanced Due Diligence (EDD) is the process of revalidation of a customers identity, theircompanies and relationships, and analysis of relevant risk factors associated with conductingbusiness transactions with that customer, be it an individual or a business.Director of C6 Intelligences Enhanced Due Diligence Operation Colin Holder said, "Due to thecurrent financial climate and regulations, banks and financial organisations want to protectthemselves against fraud and money laundering investigations by documenting their client profiles.Our C6 Intelligence EDD reports are the preferred choice for our clients because our advancedsystems and processes allow us to go into greater depth in our research reports than ourcompetitors, without incurring increased costs."C6 Intelligence EDD reports contain information on: -- Subject identifiers -- Detailed analysis of relevant business and personal relationships -- Relevant media / litigation profile -- Detailed risk factors -- All reports are fully sourced from public record dataMr Holder continues, "We found that our clients needed enhanced personal identifiers and businessbackground checks, which required a level of in-country knowledge that their existing solutionscould not provide. Our EDD reports include confirming connections to known close personalassociates and their aliases. In addition, the clarity of our researchers evaluations on JurisdictionalRisk and PEP (Political Exposed Person) Risk have been enthusiastically received."
  2. 2. C6 Intelligence Managing Director Richard Bensberg confirmed, "The increase in uptake of our EDDreports is a function of our investment in the product, which was revamped last year with a newreporting format, and with the additional expertise of a newly created specialist EDD Analyst unitincorporating multi-lingual Analysts with advanced research and analytical skills, able to createcompliant EDD solutions for clients across a range of industries."About C6 Intelligence Information Systems LimitedC6 Intelligence Information Systems Limited ("C6 Intelligence", "C6") is a leading provider of globalintelligence information on both individuals and companies through the C6 Database and bespokeresearch projects. C6 Intelligence provides Enhanced Due Diligence (EDD), Know Your Customer(KYC), and Anti-Money Laundering (AML) checks and solutions for companies worldwide, and has apresence in the Americas, EMEA and APAC regions.Colin Holder, Director of C6 Intelligences Enhanced Due Diligence Operation was formerly aDetective Sergeant with the London Metropolitan Police force for 33 years and for five years wasseconded from the New Scotland Yard Fraud Squad to the UK Serious Fraud Office.For more information and a sample of the C6 Intelligence Enhanced Due Diligence (EDD) Reportcontact:Colin HolderDirector, Enhanced Due DiligenceTel: +44(0)1256-301510Email: edd@c6-intelligence.comVita House, London StreetBasingstoke, RG2 7PGUnited KingdomWebsite: http://www.c6-intelligence.comMedia Contact:Email: pr@c6-intelligence.comSOURCE C6 Intelligence Information Systems Limited