Brussels — Data providers Dow Jones Risk & Compliance, Dun and Bradstreet, and Moody’s Analytics, technology and data analytics provider LexisNexis Risk Solutions (part of RELX), and technology company Encompass, are pleased to announce the launch of the Data and Technology for Compliance (DT4C) Alliance. The new coalition will serve as a unified voice to further strengthen the EU’s AML ecosystem.
As providers of data, tools, and compliance services to banks and other obliged entities, DT4C Alliance members aim to share their expertise to support the development and implementation of an effective and future-proof anti-money laundering and counter-terrorist financing (AML/CFT) framework in the crucial fight against financial crime.
A unified voice to further strengthen the AML ecosystem
The DT4C Alliance seeks to become a trusted policy partner to help EU lawmakers and regulators. It represents a sector that provides crucial solutions for effective prevention of money laundering, sanctions evasion and counterfeit terrorism, and is relied upon by undertakings across the board and across geographies. As the AML ecosystem encompasses various market players, we believe a future regulatory framework should consider AML and Know-Your-Customer (KYC) data service providers in rulemaking adequately to prevent unintended consequences and help achieve the objectives of an effective EU AML rule book.
“We are thrilled to have given the sector a unified voice with the launch of the DT4C Alliance. The sector plays an important role in the fight against financial crime, money laundering and terrorist financing and is used by various firms seeking to meet their due diligence obligations under EU rules,” said Daniel Benjamens, rotating DT4C Alliance Coordinator and RELX’s Senior Government Affairs Manager. LexisNexis Risk Solutions is part of RELX.
“Our founding members have been supporting obliged entities and other firms for decades in the fight against financial crime,” Benjamens continued. “With the launch of the DT4C Alliance, we look forward to streamlining and strengthening our engagement with the AML ecosystem and assist policymakers in the development and implementation of effective and future-proof rules and regulations”.
About the DT4C Alliance
The DT4C Alliance is a coalition of like-minded data and technology companies composed of Dow Jones Risk & Compliance, Dun and Bradstreet, Encompass, Moody’s Analytics, and LexisNexis Risk Solutions.
The DT4C Alliance members provide tools and services to enable entities obliged under the EU’s anti-money laundering (AML) legislation to carry out checks and perform their legal obligations regarding, for instance, customer due diligence (CDD), know-your-customer (KYC) screening and sanctions screening.
Our members represent a cross-section of the technology and data industry. For more information, visit LinkedIn and Twitter.
The DT4C Alliance is an open and growing initiative. Interested parties are welcome to contact email@example.com to discuss their interest in joining the Alliance.
Should you have any other queries, please contact us at firstname.lastname@example.org.
About 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 provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.
Senior Director, Global Communications