Know Your Customer
Your Ticket to Enhanced Due Diligence
The LexisNexis Know Your Customer application enables users to quickly check high-risk entities against global databases of news, company filings, biographies, international sanctions and PEP lists to assist proof of identity and reveal associated interests.
Additional functionality targets derogatory news on the entity that has appeared in an unparalleled archive stretching back 30 years and covering 12,000 sources. LexisNexis KYC content includes the must-have world-class sources, as well as hard to find specialised content that may cover the entity you are researching.
You could spend lots of unnecessary time and money scanning newspapers and accessing various databases and information services for the information you need. Or, you could simply just use LexisNexis' KYC application.
LexisNexis KYC can be used to gather information, conduct searches quickly and present all the information you need in a coherent form, so you can use your time and money to take appropriate actions to avoid heavy fines, loss of vital business opportunities or being defrauded.
Top tier banks already deploy the LexisNexis enhanced due diligence application and mitigate risk every day.
Increasingly stringent guidance, regulations and legislation designed to tackle money laundering within the global banking sector increase account opening times and impact on customer service. The key drivers surrounding money-laundering risk mitigation often include:
Regulatory Imperatives:
Ensuring compliance with the PATRIOT Act, current EU money laundering legislation, FATF guidance and the impending Third Money Laundering Directive.
Financial Imperatives:
The costs required to provide and maintain adequate procedures, ensure customer service standards remain high and settle substantial fines in the event of non-compliance.
Reputational Imperatives:
The effects of negative publicity for non-compliance on your brand image, share price, and public relations budget. From client vetting and anti-money laundering to compliance and corporate security, LexisNexis mitigates risk in top-tier banks.
Banks have already made substantial investment in complex and integrated suspicious activity and currency transaction reporting systems. However, the LexisNexis application for enhanced due diligence is easy to use, quick to deploy and secure.
Unrivalled Content
Global News Coverage
Multiple-language news database with up to 30 years archive: all national, international and regional newspapers, trade publications, news wires, wide interest magazines, media transcripts e.g. Financial Times, The Independent, The Observer, The Daily Telegraph, The New York Times and The Moscow Times
International Company Profiles
Over 90 company financial report and directors' databases of listed and unlisted companies e.g. ICC Information, Hoppenstedt, Creditreform, Worldscope
Dun & Bradstreet Global Identifiers
Directory of 120 million global public and private company records
Politically Exposed Persons Data
International PEP data for officials around the world e.g. Info4C
International Sanctions and Watchlists
Key sanctions lists updated as new alerts arise e.g. OFAC, OSFI, EU, Bank of England, FBI
Biographies
Extensive biographies on directors, shareholders, government officials, politicians, people in the public view, high net-worth individuals e.g. Who's Who, Debrett's People of Today, UK Disqualified Directors, Market Guide Executives, Directory of Directors
Liens Filings and UCC Liens Filings
Business information, corporate filings, property records, unclaimed property, professional licenses, offenders, inmates, criminal and civil court filings, and much more
For further information on how LexisNexis KYC can help you to reduce corporate risk or to be set up with a no obligation FREE trial, please click here
