Financial Crime Compliance Solutions

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Understand your business customers to better manage your compliance risk

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.

Supporting your compliance effort throughout the customer lifecycle

Back book assessment

 
 
 
Review, benchmark and risk assess your back-book through a retrospective data analysis to validate businesses in your existing portfolio.
 
Remediate potential data gaps for business entities, associated key principals and Ultimate Beneficial Owners (UBOs) with information from reliable external data sources.

On-boarding

Access reliable external data sources at the point of on-boarding new customers.

Apply verification at on-boarding in real-time with our APIs.

On-going alerts: Maintain an up-to-date view of the customer portfolio with regular monitoring through

A periodic risk assessment of the back-book, or/and a notifications mechanism to flag specific updates in your portfolio.

How can this help?

- 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.

There are three ways to access these capabilities:

Batch

In batch, for one-off remediation and monitoring.

Real time

In real time, with Experian checks integrated into your own systems.

Online

Or online, using our portfolio monitoring tool, ComplianceIQ.

ComplianceIQ

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.

Data-driven risk monitoring

ComplianceIQ offers data-driven proactive risk monitoring of UK companies to aid appropriate risk-based decision making.

Configure risk policy

Easily configure a bespoke risk policy in alignment with your company’s risk appetite.

Combined view of risk representatives

Combined view of risk presented by all key parties (Ultimate Beneficial Owners, Shareholders, Directors and Secretaries) related to an individual company.

Monitor

Identify new risks in your portfolio.

Understand the overall risk exposure of your portfolio at a glance.

Surface hidden trends and take appropriate action.

Balance your appetite for risk with commercial pressures based on known facts, not assumptions.

Control

Your risk policy, your way. Easy setup of your unique company risk policy.

Four eyes principle. Automatically enforced and fully audited risk policy approval process.

Track historical changes to risk profiles to aid transparency and audit.

Investigate

Proactively highlights areas requiring attention.

Consolidate multiple independent data sources into a single platform to support risk management.

Efficiently spot the risks hidden within complex corporate structures.

Powerful deep search for PEPs, Sanctions and Adverse Media.