Anti-Money Laundering Compliance

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Combat money laundering with innovation, insight and technology

Know your customer capabilities to support anti-money laundering compliance

LexisNexis® Risk Solutions helps you instantly verify identities of new and returning customers and screen for sanctions, politically exposed persons (PEPs) and adverse media. Our market-leading solutions support you with effective customer due diligence; enabling the ongoing monitoring of your customer accounts, alerting you to risks as and when they arise, and supporting remediation through enhanced due diligence (EDD) capabilities. Through a single trusted relationship, you can tackle the threat of money laundering head on.

Supporting four key components of AML compliance

Customer Data

Customer Data

 
Identity Verification

Identity Verification

LexisNexis® IDU®

Improve customer pass rates and accelerate the onboarding process with market-leading population coverage, combining our own proprietary universe of consumer records alongside data derived from 2 of the leading 3 UK credit bureaus, on a single, integrated, user-friendly platform.

Customer Data Management

Customer Data Management

LexisNexis® Smartcleanse®

Our data management solutions combine expansive UK consumer records with proprietary linking technology to cleanse, update and enhance your customer data. Ensuring your master customer records are accurate and up-to-date on an ongoing basis, will benefit many business processes including customer due diligence.

PEP and Sanctions Screening

PEP and Sanctions Screening

LexisNexis® Bridger Insight® XG | LexisNexis® WorldCompliance™ Data

LexisNexis® Bridger Insight® XG is a best in class global solution for regular screening of new and existing customer records against our proprietary database of risk information (LexisNexis® WorldCompliance™ Data), containing the latest sanctions lists and Politically Exposed Persons, adverse media and enforcement records. Fully scalable and configurable, it enables you to screen high volumes of customer records, as frequent as daily, and to set your confidence thresholds and screening rules based on your organisation’s risk appetite.

Level 1 Alerts
Remediation Level 1

Remediation Level 1

LexisNexis® Bridger Insight® XG

The configurable workflow sets LexisNexis® Bridger Insight® XG at the core of your remediation process, providing a central remediation, escalation, communication and audit history centre for your whole process, across all levels of alert and due diligence stages.

Level 2 Alerts
Remediation Level 2

Remediation Level 2

LexisNexis® EDD Insight

Our web-based investigation platform, LexisNexis® EDD Insight, provides a unique combination of in-depth business, consumer and AML risk information via a single portal, which can mirror LexisNexis® Bridger Insight® XG search settings for consistency. Leveraged in conjunction with adverse information searches of the deep web, EDD Insight enables you to build a more holistic picture of risk.

Level 3 Alerts
Remediation Level 3

Remediation Level 3

LexisNexis® EDD Reports

Some situations demand the highest level of enhanced due diligence. When dealing with certain PEPs or state-owned enterprises, unravelling complex corporate structures to identify beneficial owners or engaging with entities from high-risk jurisdictions, in-depth checks are required. Researched and developed by regional experts around the globe, our enhanced due diligence reports deliver a detailed view of the risk associated with a given entity, to support effective risk-based decision making.

Identity Verification

Instant:
Instant identity verification, which checks multiple information sources via a single platform, minimising customer friction.

Configurable:
Set thresholds according to your risk appetite; only conduct and pay for the checks you need.

Easy-to-use:
User-friendly scorecard interface clearly highlights whether the customer has passed or failed or whether more information is required.

“Previously, screening one customer took Acquired around 30 minutes. With LexisNexis® Risk Solutions, it takes five.”

Natalia Walder,
Compliance Director, Acquired.

Customer Data Management

Configurable:
Cleanse, append and enhance your master customer data on an ongoing basis, to ensure data quality supports effective financial crime compliance.

Comprehensive:
Use the most comprehensive consumer data available, including two of the three leading credit reference bureaus’ information and the LexisNexis® Risk Solutions universe of UK consumers.

Cutting edge:
Call upon our proprietary statistical linking capabilities and unique entity identifier to improve data match rates and quality of output.

PEP and Sanctions Screening

Technology and data:
Leverage screening technology and AML risk data from a single source.

Highly configurable:
Set confidence scores according to your risk appetite.

Unmatched functionality:
Including fuzzy logic and accept lists.

24/7 monitoring:
Our international team of expert researchers, spanning five continents and speaking 57 languages, continuously track and update risk information.

“We seek to use whichever tool is best in the sector… Bridger Insight® XG is well-received by all.”

Gareth Inman,
Senior AML Manager, NewDay.

Remediation

Efficient:
Identify and remediate false positives easily, and escalate alerts with potential risk.

Quick:
Access extensive business, consumer and AML risk data, and conduct adverse information searches, via a single platform.

Consistent:
Apply the same search settings in your PEP and sanctions screening and enhanced due diligence research.

Comprehensive:
Commission researcher-led, in-depth reports, when entities present a significant level of risk.

The ‘Money Laundering Exposed’ Initiative

If the UK is to effectively combat the flow of illicit funds, frank and open conversations with those on the frontline are required. LexisNexis® Risk Solutions is creating a platform for these discussions to take place and be shared, through its latest insight initiative – Money Laundering Exposed.

MONEY LAUNDERING QUIZ:
Test your money laundering knowledge

Challenge your money laundering knowledge with a quiz on facts, figures and money laundering terminology. 3 levels of difficulty.

OneFamily adopts new screening tools to minimise impact of MLD4 and maximise efficiency

“We are doing more than we were doing previously, with fewer people.”

Contact us today for a no-obligation consultation

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