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LexisNexis WorldCompliance Online Search Tool: The Power of Data And Advanced Analytics in your Hands

LexisNexis WorldCompliance Online Search Tool: The Power of Data And Advanced Analytics in your Hands

With more than 30,000 new profiles of individuals, companies and vessels and an additional 40,000 updated profiles in the last month, LexisNexis WorldCompliance remains at the top of the game regarding databases that include information for politically exposed persons, money laundering, terrorist financing and other relevant offenses that fall under the AML Laws and Directives in Cyprus, EU and worldwide.

LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. Using risk and analytics solutions to assess risk, LexisNexis helps professionals prevent fraud, comply with legislation, facilitate and secure commerce and support law enforcement and homeland security initiatives.

As MoneyVal visit to the island approaches (May 13th-24th) in order to examine and evaluate the national AML/CFT framework and the general level of compliance in Cyprus, access to the LexisNexis WorldCompliance database is all the more necessary for every Compliance Officer.

Using the LexisNexis WorldCompliance OST you will be able to screen people, companies and vessels against global:

Sanction lists
Enforcement lists
PEP lists
Adverse media

 

Benefits of WorldCompliance OST

more than 2.5 million risk entities from over 250 countries and territories.
receive more data points per profile than from any other provider - portrait photo, more than 600,000 photos, full summary of intelligence.
real time monitoring of all major sanction lists, monitoring of over 1,300 financial enforcement agencies.
further investigation free of charge on any entity, whether included in the system or not.
screening can be done in English, Greek, Russian, Arabic, Chinese, Thai, Farsi, German, Japanese
diagram of connections to relevant family members and business partners
 

Features

System uses fuzzy logic (phonetic matches) and results appear according to set threshold which can be customized based on each company’s risk appetite.
Searches for transliteration spelling differences.
Ranks all results based on relevance and accuracy.
 

LexisNexis WorldCompliance uses a vast and constantly-changing number of sources to build its profiles. The extensive WorldCompliance database is composed of the following types of risk profiles:

Sanctions profiles contain information from the most important sanctions lists worldwide. There is clear delineation between the data that is provided in official sanctions sources and the LexisNexis data enhancements.
Enforcements profiles contain aggregated information from information that is collected from numerous enforcement lists and court filings worldwide.
PEP (politically exposed person) profiles contain information from an extensive database of PEPs and their family members. The PEP database adheres to FATF (Financial Action Task Force) global standards.
SOE (state-owned enterprise) profiles contain information about government-owned or government-linked companies and organizations and their officials.
Adverse media profiles contain information from an extensive proprietary database of entities that are linked to illicit activities from numerous news sources worldwide. This adverse media information has been constructed by researchers based on media stories by reputable media sources in dozens of languages around the world.
Associated entity profiles contain information about entities that are linked to at least one sanctioned entity.
 

Contact

Sophie Ioannou,

Compliance Advisory, Head

compliance@infocreditgroup.com

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