In a volatile landscape where regulations are changing and expanding, it has become more challenging to meet KYC due diligence requirements and it can be a lengthy, tedious process.
The Dun & Bradstreet Data Cloud, whether ingested into existing systems or coupled with our automation solutions, can enable your organization to run KYC checks at the click of a button against over 485 million records.
Furthermore, we can help you move from traditional periodic reviews to ‘Perpetual KYC’ with monitoring and alerts – allowing you to ensure you have the most up to date information on your third parties, can react faster to risk, and become more resource-efficient.
Criminals are finding increasingly complex methods to execute money laundering, fraud, and other financial crimes, so misconduct is harder to expose and growing in frequency. AML checks that uncover then continue to monitor for and report suspicious activity are key in following legal requirements and protecting revenues.
By tapping into the Dun & Bradstreet Data Cloud and our automation solutions, your team can run AML checks and onboard customers in seconds – important when financial crime is on the rise and compliance teams need to be more efficient, and helpful for improving the customer experience.
The detection and reporting of bribery and other forms of corruption is necessary under regulations such as the UK Bribery Act.
A proactive approach, with defences in place to mitigate the risks associated with bribery and corruption is key. Using comprehensive global data and insights from the Dun & Bradstreet Data Cloud, your compliance team can easily understand where risks may lie – both during the client or third-party onboarding process and beyond with clever monitoring and alerts.
The requirement to screen for sanctioned organizations and individuals has only grown with the recent increase in stringent sanctions worldwide. Your organization must identify its exposure to sanctioned companies and individuals – both direct and indirect.
Dun & Bradstreet can help you to screen your customers and third parties against hundreds of sanctions lists through Dun & Bradstreet Data Cloud, as well as highlighting corporate linkage, beneficial ownership and network connections where indirect exposure may lie.
As part of your client or third-party risk assessment, you must identify PEPs and entities or corporates with adverse media hits. You must then decide whether they are high risk and require enhanced due diligence before beginning your relationship.
Dun & Bradstreet can help with your due diligence, by validating against millions of PEPs and adverse media records within our Data Cloud.
Compliance data informs your decisions about onboarding customers, monitoring transactions, maintaining quality standards, and more. A lot of data doesn’t always = better. Read our eBook for a 7-Step checklist for keeping pace with regulatory acceleration.