A CONSISTENT APPROACH FOR INTERNATIONAL

CUSTOMER DUE DILIGENCE

IN COMPLIANCE WITH
ANTI MONEY LAUNDERING (AML) AND ANTI BRIBERY &
CORRUPTION (ABC) LEGISLATION

June, 2013

Consistent procedures for effective client due

diligence

Business Drivers
1.

Comply with the existing International legal and regulatory requirements surrounding sanctions checking

2.

To improve the efficiency of the sanctions checking process and thus support more frequent screening activity.

3.

Deploy electronic systems that promote and facilitate effective Risk Oversight and Management Reporting

4.

Demonstration and installation of international frameworks of good Risk Management and Compliance, support FSA
(Banking)License

5.

Create a consistent and cost effective approach for improved screeningagainst countries targeted individuals, and institutions

6.

Adopt a risk based approach to screening in turn reducing false positives and maximising efficiencies

7.

Automate and maintain a complete audit trial of all activities performed as part of the counterparty screening process

8.

Ensure the chosen solution is flexible and scalable to integrate with existing systems and additional data types (such IDv, Company
Info)

9.

Enable simple introduction of internal do not do business with lists

10.

Maintain searchable central repository of activities for management, audit and regulatory visits

11.

Deliver Workflow management and effective Case Management

12.

Reduce Financial Crime losses

13.

Realise cost savings and efficiencies through uniformity of CDD approach and integration with CRMs

14.

Successfully demonstrate compliance of the 2 minute rule when under internal Audit

June, 2013

Consistent procedures for effective client due

diligence

How our Risk Solutions fit in the workflow

June, 2013

Consistent procedures for effective client due

diligence

Pause, Listen, Reflect, Improve

1. There is no need to reinvent the wheel
o

development existing Policies to include a corruption and anti money laundering

perspective. Not forgetting to revise procedures and recommend systems and
controls that demonstrate a commitment to instill improved frameworks of
compliance and risk management.

2. Involve stakeholders from across the business

o

Understand the barriers to implement policies, procedures and controls. Establish

business, technical and regulatory buy in from each business unit and assess the
levels of investment.

3. Technology can be an enabler

o

Integrate automated systems, controls alerts with existing IT infrastructure. Ensure

the new systems enable a risk based approach when performing due diligence at
the point of client opening and on an ongoing/monitoring basis.

June, 2013

Consistent procedures for effective client due

diligence

Complete and Controlled Watchlist Screening

1. Faster and Safer Account Opening
o

The simple UI and aggregated data set permits LexisDiligence to support an

integrated and consistent approach for effective client due diligence. With its full
reporting capabilities and intgeration with Bridger XG, you can feel safe and
secure with the complete audit trial.

2. Easy, Efficient and Automated Ongoing Monitoring

o

Performing risk-based ongoing due diligence on your entire customer base is made
simple and easy through using Bridger XG. Its intelligent Fuzzy Logic search
engine coupled with intuitive Case Management, Management Reporting and
Integration tools eliminates duplicate False Positive Matches reduces the time
spent processing potential matches.

3. Complete, Secure and Full Audit Trial and Management Reports

o

Demonstrating adequate procedures, whilst adhering to corporate security policies

has never been simpler. With Bridger XGs comprehensive Systems Log, Usage
Metrics and Password policy, one can be assured that information is secure and
correctly tracked throughout its lifetime.

June, 2013

Consistent procedures for effective client due

diligence

Our AML and ABC Solutions

1. LexisDiligence

The LexisDiligence application enables users to quickly check high-risk entities against global databases of
news, company filings, biographies, international legal case history sanctions and PEP lists to assist
proof of identity and reveal associated interests. Additional functionality can target derogatory news that has
appeared in an unparalleled archive stretching back 35 years and covering 26,000 sources. LexisDiligence
content includes the must-have world-class sources, as well as hard to find specialised content.
LexisDiligence is used by the world's top banks, law firms and blue chip companies to mitigate risk every day

2. Bridger Insight XG

XG can be configured to launch multiple simultaneous searches of your choice, all with a single transaction
request.
Extensive watchlist screening - with powerful search logic and low false positive rates
Politically Exposed Persons (PEP) Screening - Utilises a strategic relationship between LexisNexis and WorldCheck / Dow Jones to provide integrated access to a database of known heightened-risk individuals and
businesses. Coverage includes money launderers, fraudsters, terrorists, organized crime and sanctioned
entities, plus individuals and businesses from over a dozen other categories
Custom "hot list" - Protects your institution by creating a list of people and entities you do not want to do
business with

3. LexisNexis Analytics

There is a vast amount of news feeds to track in order to identify new risks when they arise. The challenge is
to turn this flood of information into intelligent alerts that add value rather than waste time and distract from
the task at hand. Lexis Analytics is built to monitor any chosen entity for potentially harmful references such as
bankruptcy, terrorism or corruption in a more effective manner. Each Analytics alert has been custom built
against a unique combination of entity name, relevant issue and selected content. This means that alerts will
be focussed and relevant rather than meaningless noise.

June, 2013

Consistent procedures for effective client due

diligence

Keu Benefits?

Gain unique insight and make informed & confident decisions

Protect your organisation from fraud, extremism and activism,

counterfeiting, political risk and other criminal activities with our enhanced
due diligence solution for corporate security professionals

Mitigate financial risks and safeguard your corporate reputation with our
extensive investigative due diligence resources

Fully auditable includes time and date stamping to demonstrate

compliance and provide an audit trail.

June, 2013

Consistent procedures for effective client due

diligence

SOLUTION
ILLUSTRATIONS

June, 2013

Consistent procedures for effective client due

diligence

One Simple User Interface for Individuals &

Businesses

June, 2013

Consistent procedures for effective client due

diligence

Case Management & Workflow

June, 2013

Consistent procedures for effective client due

diligence

10

Risk and Compliance Oversight

June, 2013

Consistent procedures for effective client due

diligence

11

Adverse Media Batch Monitoring

June, 2013

Consistent procedures for effective client due

diligence

12

Adhoc Enhanced Company Information Research

June, 2013

Consistent procedures for effective client due

diligence

13

Adhoc Enhanced Company Information Research

June, 2013

Consistent procedures for effective client due

diligence

14

Adhoc Enhanced Company Information Research

June, 2013

Consistent procedures for effective client due

diligence

15