International Financial Crime Checks
Be clear exactly who you are doing business with - on a global scale.
Request a free test reportNavigate the complex web of international businesses with Experian’s International Financial Crime Reports
In today’s globalised world, businesses are increasingly interconnected and identifying company owners and shareholders is becoming increasingly complex. This makes it ever-more difficult to support Anti-Money Laundering regulations, identifying legitimate corporate structures and exposure to Financial Crime risk in client portfolios.
As a lender, can you be certain that you are not doing business – even advertently – with a criminal organisation?
Leveraging our market-leading data, Experian can help you meet anti-money laundering (AML) regulatory requirements, reduce costs, and safeguard your organisation against reputational and financial damage.
International Financial Crime Reports
Banks and financial institutions' ability to spot financial crime amongst UK-based businesses has made impressive advancements in recent years. But assessing and monitoring businesses with an international footprint can be much more complex, costly, and time-consuming.
Experian’s team of expert research analysts do the heavy lifting for you, providing an accurate, global report for your target organisations, anywhere in the world including the UK. The report confirms:
- The existence of the international organisation
- The Ultimate Beneficial Owners - who own and control the business
- Exposure to high-risk sectors and geographies
International Group Subsidiaries Report
To understand the subsidiaries that exist from a parent organisation, Experian’s International Group Subsidiaries Report provide a simple-to-follow view of the corporate tree structure for any the target entity globally.
Using our industry expertise, we can identify direct and indirect corporate linkage (both up and down the tree), estimated turnover, employee volumes, and other unique insight such as percentage of shares, voting rights and capital interests of UBOs.
Leverage Experian’s market-leading data and expertise to help your business operate compliantly, responsibly, and cost-effectively.
FAQs
The purpose of Experian's International Financial Crime Checks is to provide a global view, verifying businesses with entities in multiple locations and jurisdictions. For domestic only reports, we offer a more complex service. Find out more about UK financial crime solutions on our Regulatory Compliance page.
AML stands for Anti-Money Laundering. Any company that deals with financial transactions must comply with Anti-Money Laundering (AML) Compliance strategies. Not only is this to ensure you adhere to AML regulations, it's also best practice for any business.
AML checks need to include an array of procedures and should also include Know Your Customer (KYC) and Know Your Business (KYB) methods to help prevent and detect financial crime early.
An Ultimate Beneficial Owner is a person that is the ultimate beneficiary of funds or assets. The exact definition of a UBO varies across jurisdictions but it is generally defined as an individual who holds a minimum of 10-25% of capital or voting rights within the entity.
Complex corporate structures are often used as a cloak to disguise financial crime. Understanding who are the Ultimate Beneficial Owners of an organisation is key to assessing the validity and compliancy of an organisation and identifying any fraudulent activity which may be occurring within this organisation.
Any company that deals with financial transactions must comply with Anti-Money Laundering (AML) Compliance strategies. In the UK this covers anyone regulated by the FCA and includes: Financial Institutions, Credit Unions, Accountants, Solicitors, Tax Advisors, Estate Agents, Gaming companies, High Value Goods providers.
KYB stands for Know Your Business - it is about understanding exactly who your business customers are. KYB forms part of the AML (Anti-Money Laundering) procedures and legislation and is vital in making sure your company is compliant.
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