LexisNexis® Financial Crime Digital Intelligence


Reduce Digital Financial Crime and Compliance Risk

The shift toward digital commerce means greater convenience for consumers but also provides opportunities for money laundering and sanctions evasion. Bad actors capitalize on anonymity, accelerated transaction speeds and inter-connectivity across multiple channels to aggressively target businesses for financial crime schemes. As digital financial crime risks increase, businesses are striving to balance the rewards of digital transformation with magnified regulatory demands. LexisNexis® Financial Crime Digital Intelligence is an innovative solution whose time has come.

Financial Crime Digital Intelligence is a game-changing solution for digital financial crime compliance that leverages the power of LexisNexis® ThreatMetrix® shared global digital identity and location intelligence, to help businesses outsmart financial crime.  With Financial Crime Digital Intelligence organizations can better identify true sanctions risk in near-real time, using custom-designed policies and automated workflows that match their risk appetite. 

Financial Crime Digital Intelligence makes it possible to:

  • Better identify true location-based sanctions risk in the digital channel and detect entities that have previously been associated with transactions originating from a sanctioned location
  • Recognize returning entities who may be attempting to evade IP blocking controls by obfuscating their true location with technologies such as proxy or VPN
  • Combine digital identity and location intelligence with traditional financial crime data to create automated workflows that reduce false positives and drive efficiencies
  • Speed investigations and meet emerging regulatory requirements related to digital identity and location using dynamic identity visualization tools

Assess Location-Based Sanctions Risk Within Faceless Digital Transactions—Automatically

With the Sanctions Location Risk feature, financial institutions and e-commerce businesses can detect potential location-based sanctions risk associated with an identity in an online transaction and deliver an assessment of that risk by leveraging the power of the LexisNexis® Digital Identity Network®, LexisNexis® Bridger Insight® XG and LexisNexis® WorldComplianceTM Data.

Sanctions Location Risk provides a clear-value location, calculated in near real-time, using proxy piercing technology and triangulating up to 10 location signals to manage growing digital compliance risk more efficiently. Reduce false positive alerts and manual reviews and focus on higher-risk transactions with Financial Crime Digital Intelligence.

Automate a Near Real-Time Call to Check For a Sanctions List Match 

Seamless customer experiences can and should co-exist with effective sanctions controls. Financial Crime Digital Intelligence uses automated workflows simultaneously with fraud screening in near real-time to decrease sanctions risk without compromising the customer experience. 

Organizations need to reduce organizational exposure to both compliance risk and reputational damage that can result from global sanctions enforcements. Designed to work alongside standard screening processes, the Sanctions List Match feature provides another strong barrier to thwart criminals and safeguard against compliance and reputational risks. By automating a workflow to determine whether there is a match to a sanctions list, compliance teams can immediately reject clients that match a name on a list or send the transaction into queue for further investigation, based on their specific risk appetite and tolerance. 

Find out more about how LexisNexis® Risk Solutions helps companies keep pace with rapid changes to decrease the likelihood of transactions with undetected sanctioned entities.

1. https://risk.lexisnexis.com/about-us/press-room/press-release/20200527-forrester-rba-wave

More Information

Brochure - Reduce Financial Crime Risk in Digital Transactions

Infographic - Financial Criminals Evading Detection Using Digital Transactions 

Financial criminals are capitalizing on accelerated digital transactions to evade detection.
Financial Crime Digital Intelligence provided by LexisNexis is not provided by “consumer reporting agencies” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) (“FCRA”) and does not constitute a “consumer report” as that term is defined in the FCRA. Financial Crime Digital Intelligence may not be used in whole or in part as a factor in determining eligibility for credit, insurance, or employment or for any other eligibility purpose that would qualify it as a consumer report under the FCRA. Due to the nature and origin of public record information, the public records and commercially available data sources used in reports may contain errors. ThreatMetrix is a registered trademark of ThreatMetrix, Inc.

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