2. Overview - Reed Elsevier & LexisNexis Risk Solutions
Leading provider of information solutions
• 28,000 employees; 250 locations; 32 countries
• Serving customers in 180 countries
In Scientific, Technical and Medical markets, we provide information and tools to
help customers improve scientific and healthcareoutcomes.
2
Risk Solutions
In Exhibitions, we are the world’s leading business events exhibitor with nearly 500
events in over 30 countries.
In Legal markets, we are a provider of legal, regulatory, news, business information
and analysis to legal, corporate, government and academic customers.
Legal & Professional
Listed on FTSE, NYSE and EURONEXT – (REL) (ENL/RUK) (REN)
In Risk Solutions, we provide data, analytics and insight that enables customers to
evaluate and manage risks, develop market intelligence, supporting more confident
decisions , improved economic outcomes and enhanced operationalefficiency.
• 2013 revenues $9.42bn, BBB Rating
• Invests $500m in technology every year
3. LexisNexis Risk Solutions (LNRS) – Fast Facts
• 6 of the world’s top 10 banks
• 100% of the top 50 U.S. banks
• 80% of the Fortune 500 companies
Customers in 139 countries
LNRS provides a combination of data, analytics and global expertise to enable customers to evaluate risk through
improved market intelligence to achieve greater economic results and enhanced operationalefficiency.
3
• Over 8,000 discreet customers and more than 100,000 online users
• Screening over 80 billion names against global watch lists per year
• Serving more than 500 million real-time transactions per year
5. +2.5M profiles 1.5M PEPs
1200+ worldwide
government
sources
Relationships
Structured and
enhanced
profiles
+400 researchers
9 research
centers
Updated daily
240 Countries &
Territories
World Compliance Database
6. LexisNexis Risk Database - Category Coverage
Global Sanction and Enforcement List
Aggregation of the most important sanction lists around the world, e.g., OFAC, EU, UN, BoE, FBI, BIS.
In addition to over 1,000 enforcement lists and court filings worldwide, e.g., US SEC, UK FSA, German
Bafin, French Autorité des MarchesFinanciers.
Global Government -owned and Government -linkedList
Proprietary list of companies owned by or linked to government entities.
Global PEP List
Profiles of Politically Exposed Persons, their immediate family members and closeassociates.
Global Adverse Media List
Aggregation of information from over 30,000 newspapers and magazines in more than 70 languages.
• Multi-lingual profiles available and
searchable in English and local language.
Names are provided in non-romanised
character formats where required.
6
• As a matter of policy, every attempt is
made to find 3 different sources for all
profiles (with the exception of sanctioned
entities).
7. Over sixty risk categories
Aircraft hijacking
Antitrust violations
Arms trafficking
Asset freeze
Associate
Attorney
Bank fraud
Bribery
Burglary
Conspiracy
Corruption
Counterfeiting
Courts
Crime against humanity
Debarred
Diplomat
Disciplined
Disqualified
Drug trafficking
Embezzlement
Environmentalcrimes
Espionage
Explosives
Extort-Rack-Threats
Family member
Financial crimes
Forgery
Former PEP
Fraud
Fugitive
Gambling operations
Govt. branchmember
Healthcare fraud
Honoraryconsul
Piracy
Political candidate
Pollution
Pornography
Price manipulation
RICO
Securities fraud
Senior partymember
Smuggling
Stolen property
Tax evasion
Terrorism
Unauthorised
Union leadership
War crimes
WMD
Human rights abuse
Human trafficking
Insider trading
Interstate commerce
Investigation
Kidnapping
Labour violations
Mgmt. Govt. Corp.
Military
Money laundering
Mortgage fraud
Most wanted
Murder
Organised crime
Others
Peonage
Pharma trafficking
7
8. The following examples are intended to serve as aids to interpretation:
• Heads of state, government and cabinetministers
• Influential functionaries in nationalized industries and governmentadministration
• Senior judges
• Senior party functionaries
• Senior and/or influential officials, functionaries and military leaders and people with similar functions in
international or supranational organizations
• Members of ruling royal families*
• Senior and/or influential representatives of religious organizations (if these functions are connectedwith
political, judicial, military or administrative responsibilities
• Diplomats
Politically Exposed Persons (PEP)’s
8
9. Highlights - WorldCompliance Data
• Multilingual interface, search and name matching available in English,
Spanish, Russian, German, Portuguese, Chinese, Greek, Japanese,
Korean and Thai languages
• Ability to conduct name search in non-romanized languages (Arabic,
Chinese, Cyrillic, Farsi, French, Japanese, Swedish etc.)
• Configuration of rules, thresholds, risk categories and country risk
• Intelligent network presentation of relationships, associations and family
members within database
• Ability to request assistance from our leading research team
• 54% of the profiles contain Date of Birth as unique identifier
9
10. Increase visibility into critical elements of risk
Support the timely and accurate identification and resolution of potential
entities that may represent regulatory, reputational or financial risk to your
organization with robust access to critical details.
• Personally Identifiable Information: Access Date of birth, birth place, photograph, passport IDs,
national IDs, other forms of in country identification, gender, titles, roles, country affiliations and
addresses.
• Aliases: Understand different types of Aliases, including nick names, common names, weak
aliases, strong aliases and names represented in native script.
• Relationships: Examine relationships between organizations, individuals, companies, and vessels
are captured by our specialist research staff. The unique structure of the underlying relationship
trees allow for the recursive build out and discovery of 2nd, 3rd or any degree of indirect
relationships that may exist for the entity under review.
• Open Source Substantiation: All of the information in the WorldCompliance data is fully
substantiated with source links and references to the underlying source of the information.
11. Criticality of effective matching capabilities for sanction screening
Phonetics misspellings Typos
• Risk of overlooking a true hit must be balanced against cost of reviewing excessive false positives
• Exact match screening not sufficient
• “Fuzzy” matching has been given a bad name by poorimplementations
• Many different sources of variation in names
• Each source requires different techniques to matchappropriately
Transcription variants Derivatives names Structural
11
نمحرالدبع
• Abd al Rahman, Abd ur Rahman,
Abd ol Rahman, Abdul Rahman,
Abdel Rachman, Abderrahmane,
Abdurakhman, Abdorrahman…
English
• Steven, Stephen
• Write, Right, Wright
• Catherine, Kathryn Katherine
Italian
• Giuseppe:Beppe,
Peppe, Bepi
• Emanuele: Manu
• Omissions: Melanie > Melnie
• Additions: Rachel > Radchel
• Transpositions: Antonio > Atnonio
• Replacement: Elaine > Ekaine
• Choi Su-min, Su-min Choi
• Sadam Hussain, Sadam Hussain Al-Tikriti
• Faisal Bin Said, Faisal Bin Said Al Filistini
• George Bush, George WalkerBush
• Sarah Smith, Sarah Simpson-Smith
• Manuel Gomes Oliveira Da Costa e Silva, Manuel Da Costa
14. Access Options
WorldCompliance Online Search Tool Bridger Insight XG
• Access to WorldCompliance Data
• Ability to screen 10 names / entities ata
time
• Identify risks in relationships toother
individuals and organizations
• Screen with YoB as secondary identifier to
reduce false positives
• Export to .pdf, .doc and email
• Create rules and adjustments to the
minimum % match on searches
• Pricing based on per user per year
14
• Access to WorldCompliance Data
• Enables real-time or automated screening(watch-list
triggered or risk-initiated screening)
• Ability to perform single search or full batchscreening
• Enables screening of custom lists (blacklist,accept
list, regulator control list)
• Identifies and flags positive hits anddistributes
automated alerts
• Bridger Insight XG provides robust audit trails for all
screenings performed and the changesmade
• Pricing based on number of names screened per
year. No limit to number of users – clients canassign
different access levels for each user in the company
(with full reporting functionality)
• API Integration
17. Types of Adverse Media: Unstructured
17
Disadvantages
• Boolean Search – No fuzzy matching
• Large number of false positives – No Accept List functionality, what’s on page
n + 1?
• Complicated search strings – Are you doing it right?
• Huge amounts of data to process
• Questionable reliability of information
18. LexisNexis Bridger Insight XG 18
How Structured Adverse Media is generated
Associates
Keywords
Additional
Information
Source and release
date
Risk Category:
FRAUD
These information elements found in the news releases are
used by LexisNexis® Research Teams around the world to
perform a comprehensive review of each of the individuals or
entities linked to the article. The outcome of such analysis will
be a “Structured Adverse Media Profile”
19. How Structured Adverse Media is generated
RiskCategory/UniqueIdentifiersSummaryConnectionsSources
20. How Structured Adverse Media is generated
• As noted, at the height of his notoriety a Google search for Bernard Madoff would
deliver 2.4 million results. Down to 500,000 today.
• One WorldCompliance profile.
21. 21
Types of Adverse Media: Structured
Advantages
• A single global view of a normalize, link and structuring unstructured data
provided by the media into a structured report on a given individual.
• Possibility of cutting down on the sheer volume of information an analyst
needs to process.
• More focused and reliable key intelligence to assess financial risk
