Refinitiv Expands its Database for KYC and Risk Mitigation Services

Posted by Joachim Bartels | Jul 29, 2019 | ! Recent Member News, Governance & Compliance, Governance Risk & Compliance, Identity, Identity Data Management, Identity Theft Protection, Member News, Refinitiv, Risk Solutions - Prediction, The BIIA Network | 0 |

Refinitiv has combined Ultimate Beneficial Ownership data (UBO) and Vessel data into its Risk Intelligence platform World-Check One.

The platform helps to create a resource, which aims to unpack complicated ownership structures and screen entities in line with KYC and financial crime regulations globally. The addition of UBO data and Vessel information within World-Check One is meant to facilitate organisations establish a more robust due diligence process and create a more hostile environment for criminals to operate.

World-Check One is Refinitiv’s platform that simplifies the due diligence process and makes KYC remediation. It combines purpose-built screening software with proprietary and trusted World-Check Risk Intelligence data in order for the organisations across the world to meet their regulatory obligations.

Source: Thepaypers

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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