Know-Your-Customer & Compliance and Financial Crime
Really knowing your business partners and customers, and other third parties, is an increasingly complex challenge as regulatory pressures evolve, and bad players become more adept at concealing themselves.
We are expanding our Know-Your-Customer capabilities to help organizations perform customer research more efficiently. With the world’s most powerful comparable data with extensive corporate structures and beneficial ownership, linked with politically exposed persons, sanctions and other adverse data to deliver new levels of certainty on third parties, and the individuals behind them. We can also help enterprises and public entities explore where the power and control lie in an organization – regardless of levels of ownership.
Our detailed, reliable information for third-party due diligence, anti-money laundering and know-your-customer compliance helps minimize reputation damage and risk exposure. In addition, our data capabilities can help with compliance in the areas of the EU Directives, anti-money laundering, FATCA, OFAC and general reputation risk management and business partner due diligence.
Our recent acquisition of Bogard AB, a leading provider of data and information on politically exposed persons in the Nordic region, advances our ability to help customers perform Know-Your-Customer screening and research to address financial crime. Bogard will be integrated into our KYC business within Moody’s Analytics, and will combine Bogard’s data with its existing PEP, sanction, and adverse media data, leading to opportunities for unique KYC solutions in the Nordic Market.