Due Diligence
Due Diligence
Due Diligence
June, 2013
Business Drivers
1.
Comply with the existing International legal and regulatory requirements surrounding sanctions checking
2.
To improve the efficiency of the sanctions checking process and thus support more frequent screening activity.
3.
Deploy electronic systems that promote and facilitate effective Risk Oversight and Management Reporting
4.
Demonstration and installation of international frameworks of good Risk Management and Compliance, support FSA
(Banking)License
5.
Create a consistent and cost effective approach for improved screeningagainst countries targeted individuals, and institutions
6.
Adopt a risk based approach to screening in turn reducing false positives and maximising efficiencies
7.
Automate and maintain a complete audit trial of all activities performed as part of the counterparty screening process
8.
Ensure the chosen solution is flexible and scalable to integrate with existing systems and additional data types (such IDv, Company
Info)
9.
10.
Maintain searchable central repository of activities for management, audit and regulatory visits
11.
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13.
Realise cost savings and efficiencies through uniformity of CDD approach and integration with CRMs
14.
Successfully demonstrate compliance of the 2 minute rule when under internal Audit
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Performing risk-based ongoing due diligence on your entire customer base is made
simple and easy through using Bridger XG. Its intelligent Fuzzy Logic search
engine coupled with intuitive Case Management, Management Reporting and
Integration tools eliminates duplicate False Positive Matches reduces the time
spent processing potential matches.
June, 2013
The LexisDiligence application enables users to quickly check high-risk entities against global databases of
news, company filings, biographies, international legal case history sanctions and PEP lists to assist
proof of identity and reveal associated interests. Additional functionality can target derogatory news that has
appeared in an unparalleled archive stretching back 35 years and covering 26,000 sources. LexisDiligence
content includes the must-have world-class sources, as well as hard to find specialised content.
LexisDiligence is used by the world's top banks, law firms and blue chip companies to mitigate risk every day
2. Bridger Insight XG
XG can be configured to launch multiple simultaneous searches of your choice, all with a single transaction
request.
Extensive watchlist screening - with powerful search logic and low false positive rates
Politically Exposed Persons (PEP) Screening - Utilises a strategic relationship between LexisNexis and WorldCheck / Dow Jones to provide integrated access to a database of known heightened-risk individuals and
businesses. Coverage includes money launderers, fraudsters, terrorists, organized crime and sanctioned
entities, plus individuals and businesses from over a dozen other categories
Custom "hot list" - Protects your institution by creating a list of people and entities you do not want to do
business with
3. LexisNexis Analytics
There is a vast amount of news feeds to track in order to identify new risks when they arise. The challenge is
to turn this flood of information into intelligent alerts that add value rather than waste time and distract from
the task at hand. Lexis Analytics is built to monitor any chosen entity for potentially harmful references such as
bankruptcy, terrorism or corruption in a more effective manner. Each Analytics alert has been custom built
against a unique combination of entity name, relevant issue and selected content. This means that alerts will
be focussed and relevant rather than meaningless noise.
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Keu Benefits?
Mitigate financial risks and safeguard your corporate reputation with our
extensive investigative due diligence resources
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SOLUTION
ILLUSTRATIONS
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