C6 intelligence enhanced due diligence - Reuters- December 2012
http://www.reuters.com/article/2012/12/11/idUS120722+11-Dec-2012+PRN20121211C6 Intelligence Sees 300% Increase in EnhancedDue Diligence (EDD) Reports* Reuters is not responsible for the content in this press release.Tue Dec 11, 2012 9:01am ESTC6 Intelligence Sees 300% Increase in Enhanced Due Diligence (EDD) ReportsPR NewswireLONDON, December 11, 2012LONDON, 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 clientprofiles. Our C6 Intelligence EDD reports are the preferred choice for our clients because ouradvanced systems and processes allow us to go into greater depth in our research reports thanour competitors, without incurring increased costs."C6 Intelligence EDD reports contain information on:o Subject identifierso Detailed analysis of relevant business and personal relationshipso Relevant media / litigation profileo Detailed risk factorso All reports are fully sourced from public record dataMr Holder continues, "We found that our clients needed enhanced personal identifiers andbusiness background checks, which required a level of in-country knowledge that their existingsolutions could not provide. Our EDD reports include confirming connections to known closepersonal associates and their aliases. In addition, the clarity of our researchers evaluations onJurisdictional Risk and PEP (Political Exposed Person) Risk have been enthusiasticallyreceived."
C6 Intelligence Managing Director Richard Bensberg confirmed, "The increase in uptake of ourEDD reports is a function of our investment in the product, which was revamped last year with anew reporting format, and with the additional expertise of a newly created specialist EDDAnalyst unit incorporating multi-lingual Analysts with advanced research and analytical skills,able to create compliant 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 ofglobal intelligence information on both individuals and companies through the C6 Database andbespoke research projects. C6 Intelligence provides Enhanced Due Diligence (EDD), Know YourCustomer (KYC), and Anti-Money Laundering (AML) checks and solutions for companiesworldwide, and has a presence 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 yearswas seconded 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: email@example.comVita House, London StreetBasingstoke, RG2 7PGUnited KingdomWebsite: http://www.c6-intelligence.comMedia Contact:Email: firstname.lastname@example.orgSOURCE C6 Intelligence Information Systems Limited