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 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 organizations.
Compliance isn’t to be taken lightly. A lack of robust Know Your Customer (KYC) processes exposes you to risk of fines and reputational damage. Despite the potential for severe repercussions, many organizations rely on outdated or manual search processes that can be time-consuming, inconsistent and costly.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 agencies. 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 significantly 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:
Want to know more? Download our Online Compliance brochure.