Enhanced Due Diligence

What are inefficient enhanced due diligence and remediation processes costing you?

Inefficient Know Your Customer (KYC) and Sanctions remediation processes are placing a significant cost burden on UK financial institutions. Our research shows that some banks are losing more than 10% of their business due to these challenges.¹

Yet by attaining a holistic view of risk associated with an entity, their relationships and interests, these inefficiencies can be addressed. With the right information, decisions can be made quickly and enhanced due diligence and remediation activities improved.

LexisNexis® Risk Solutions helps you to create a consolidated risk view of an individual through its powerful enhanced due diligence platform.

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A truly unique enhanced due diligence platform

LexisNexis Risk Management Solutions® – Global combines consumer records, business information and global risk data (Sanctions, Adverse Media and Politically Exposed Persons) into a single web-based portal. This helps create a view of customers and the risk associated with them, from a perspective that accounts for personal, business and risk circumstances.

UK Public Records

(Consumer Data)

Key Personal Identifiers (Forename, Surname, Address, DOB)

Property Ownership

Address Links

Personal and Business Associations

Risk Information

(LexisNexis® WorldCompliance™ Data)

Sanctions

Enforcement Lists

Politically Exposed Persons

State Owned Enterprises

Adverse Media

Business Information

Persons of Significant Control

Shareholders

Company Details

Director Information

Ownership Structures

Adverse Information

(Expansive searches that delve deeper than traditional search engines)

Regulatory Fines

Details of Litigation

Environmental Breaches

Insolvency Filings

Trafficking Offences

Expansive data and intuitive technology that helps you to:

Conduct robust enhanced due diligence checks

Effectively eliminate false positives

Quickly identify true risk

Highlight associations and the potential risk they pose

Identify beneficial owners

Reduce processing time – no need for multiple research systems

Improve efficiency and effectiveness

Evidence your decision making with a transparent audit trail

Demonstrate your diligence with a transparent audit trail

All of the searches you conduct using our solutions are logged and recorded. This creates a transparent audit trail. Save time by locating previous searches quickly and easily with the custom reference feature.

Complete the form below to discuss enhanced due diligence

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Who is LexisNexis® Risk Solutions?

LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers across industries. For more information, please visit risk.lexisnexis.co.uk and relx.com.

All references and statistics are taken from a survey of over 150 financial services professionals conducted for KYC & Sanctions Remediation: The Impact of Inefficiency – A LexisNexis® Risk Solutions report.

1. Taken from a survey of over 150 financial services professionals conducted for KYC & Sanctions Remediation: The Impact of Inefficiency, A LexisNexis® Risk Solutions report. Respondents from banks with less than very efficient KYC and Sanctions processes who stated a loss of business due to these process inefficiencies, highlighted losses of 10.6% (on average). (n=34)

LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc. Other products and services may be trademarks or registered trademarks of their respective companies.

LexisNexis Risk Solutions UK Ltd is a company registered in England & Wales at Global Reach, Dunleavy Drive, Cardiff CF11 0SN. Registration number 07416642.

Tracesmart Limited is a LexisNexis company, operating under the trading name of LexisNexis, with an England & Wales Registration Number 3827062. Registered Office is Global Reach, Dunleavy Drive, Cardiff CF11 0SN. Authorised and regulated by the Financial Conduct Authority (Firm Reference number 742551).