Fast, reliable KYC screening
Today’s banks, non-banking financial institutions and corporations must perform comprehensive due diligence on their customers and counterparties as part of their Know Your Customer (KYC) screening process. It’s important to investigate any entity you do business with and ensure that they are not associated with fraudulent or terrorist-supporting organisations.
Compliance isn’t to be taken lightly. A lack of robust KYC processes exposes you to risk of fines and reputational damage. Despite the potential for severe repercussions, many organisations rely on outdated, unstructured search processes that can be time-consuming, inconsistent, and costly.
LexisNexis® Online Compliance simplifies KYC screening. An online lookup tool, it gives you fast, easy access to comprehensive data on sanctions, politically exposed persons (PEPs), adverse media and enforcement actions. Advanced filtering technology helps improve screening accuracy, reducing the number of false positive alerts for transactions and customer records.
With access to comprehensive records, as well as a wealth of efficiency-improving functionality, Online Compliance helps you to meet and exceed your KYC requirements. It offers fast, accurate screening, enabling you to:
Online Compliance is easy to use, delivering superior information, processes and performance. Its unique features and functionality allow you to: