With an increased focus on business customer verification and monitoring due to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, organisations are benefiting from placing an increased commitment on checking and validating business customers through Experian’s Compliance Solutions.
Complex business structures can mean you need to take further steps to be sure you know who you’re dealing with. Incomplete information and disjointed systems make it hard to get a good view of your customer risk profile. Getting it wrong can cause delays, inconvenience and can mean a negative experience for both you and your customers.
Our Compliance solutions provide relevant, accurate and up-to-date information to make quick and consistent customer assessments that allow you to take a risk-based approach to your KYC requirements.
- Verify and evidence customer information and status, full corporate structure, all Directors, UBOs and shareholders.
- Quickly access key data about existing and new customers, reducing the risk of missing, hidden or changing information.
- Spot and deal with suspicious activity as quickly as possible.
- Streamline your processes, run consistent automated checks and reduce operational costs.
- Reduce time delays from manual processing, and improve customer experience.
ComplianceIQ is a web-based portfolio monitoring tool designed for businesses who operate in regulated environments. It provides the opportunity to continually monitor, control and investigate your entire business portfolio, by enabling you to quickly apply and demonstrate your own risk policy according to your organisations risk appetite.