ACCELUS ORG ID KYC MANAGED SERVICE

Size: px
Start display at page:

Download "ACCELUS ORG ID KYC MANAGED SERVICE"

Transcription

1 THOMSON REUTERS ACCELUS ACCELUS ORG ID KYC MANAGED SERVICE ACCELERATE ON-BOARDING ELIMINATE BURDEN OF REFRESH CONDUCT REMEDIATION EASILY

2 ACCELUS ORG ID FOR FINANCIAL INSTITUTIONS TRANSFORM YOUR KYC PROCESS TO DO BUSINESS FASTER SUMMARY Since March 2014, Accelus Org ID has been providing KYC managed service to financial institutions processing client records covering hedge funds, asset managers, corporations and correspondent banks across 11 capital markets. Via the smooth end-to-end client identity and verification service, Accelus Org ID has transformed the approach to KYC process. This is powering business opportunities; simplifying and accelerating client onboarding, reducing cost of remediation and moving to a real-time refresh. Accelus Org ID is a truly independent KYC managed service beyond collection, storage and distribution of KYC documents. Built on Thomson Reuters best in class KYC/AML and on-boarding solutions including Accelus Client On- Boarding (GoldTier) and Accelus World-Check which monitors 240 countries, over 400 sanctions, watch and regulatory lists and 100,000 media sources to identity high risk individuals. First ever agreed comprehensive KYC policy and control process that satisfy 11 capital market regulations Run on robust and unmatchable content that enables constant monitoring to take place ensuring that the records are up-to-date. Supported by staff and support centres across 240 countries and speaking over 60 languages.

3 ACCELUS ORG ID: BY FINANCIAL INSTITUTIONS, FOR FINANCIAL INSTITUTIONS Accelus Org ID is a product from the voice of over 100 Financial Institutions, Asset Managers, Hedge Funds, Correspondent Banks and Corporates in all the major capital markets. It responds to the desire and willingness to have an industry standard for the provision and validation of a legal entity s identity. Uniquely, Accelus Org ID will provide an equivalent of a real-time client KYC passport, with all the information needed to complete a KYC review, and with the additional benefit of this information being screened, verified, categorized and continuously monitored. Thomson Reuters will ensure the accuracy of this information. A. Each firm maintains its own profile and actively authorizes access to the information ONGOING REFRESH H G Periodic Refresh Daily Change Monitoring Proactive Ongoing Screening F E Publish Org ID Profile Organization Performing Due Diligence Publish I A E Screen Risk Indicators B Collect and Verify Unwrap Legal Entity Structures D C ON-BOARDING TO ACCELUS ORG ID B. Covering 200+ countries, the service collects and verifies information for all legal entity types C. Accelus Org ID unwraps legal entity structures, identifies ultimate beneficial owner, and includes this information as part of the profile D. Identifies and screens for risk flags/indicators that can be used to assess customer risk E. Due diligence information is published through Accelus Org ID portal or directly into customer s onboarding system. F. Accelus Org ID portal screens profiles to ensure new risk indicators are communicated as identified G. Using Thomson Reuters data assets and service triggers, Accelus Org ID monitors material changes to client/counterparty profile that may trigger a refresh of the record H. For records not refreshed through triggers in step G above, Accelus Org ID will automatically perform a refresh in accordance with timelines mandated by regulatory requirements and/or by internal policies of the firm performing due diligence INITIAL ON-BOARDING ONGOING REFRESH I. Information published by Accelus Org ID is used by the firm performing due diligence in order to make final risk assessments Core Differentiator

4 THE ACCELUS ORG ID FEATURES Maintains the policies/rules, analysts resources, infrastructure, data and service to assist a financial institution to accept, efficiently on-board and complete the required periodic reviews of the legal entity based on their KYC risk profile. Provides a streamlined review process for the creation, classification, validation, screening, and on-going management of KYC legal entity client records including the proactive monitoring for PEPs (politically exposed persons), sanction lists, and continuous negative news monitoring. Utilized economies of scale to achieve what each financial institution currently does individually. Future-proofed system that has been built via an iterative process to identify and then deliver the required documents to fulfill new regulatory needs based on a comprehensive global policy. Using a centralized system the financial institution will benefit from access to data and documents which have already been requested by other members of the community and importantly by Thomson Reuters (who will gather all publicly available information on behalf of the financial institutions) THE ACCELUS ORG ID BENEFITS Operational cost reductions, including remediation project costs Reduced risk associated with poor quality or overburdened due diligence and KYC processes and operations Shortened on-boarding cycle enabling accelerated time to trade Simplified remediation efforts and an end to the burden of refresh cycles. Elimination of time-consuming duplication of effort the client submits their documents once and authorizes distribution to financial institutions

5 ACCELUS ORG ID: POWERED BY THOMSON REUTERS Thomson Reuters established the first industry Market Practitioner Advisory Board, which has put in place the policy and control processes, and IT information security requirements to ensure Accelus Org ID adheres to existing regulatory requirements, and proactively responds to new requirements or modified regulations. With a decade of experience in KYC/AML solutions, Thomson Reuters is the best placed and resourced organization to deliver the service to our customers. Thomson Reuters first class infrastructure and operational support with capability in 240 countries and staff speaking over 60 languages in our support centers means that Thomson Reuters uniquely has the resources and ability in place to deliver this in a way that nobody else currently can. Information retrieval and validating is in fact one of our core competencies. Thomson Reuters is not only the world s largest information service provider, but has a reputation for integrity and diligence which is second to none, and a reputation secured by Trust Principles which have been adhered to since THOMSON REUTERS ACCELUS The Thomson Reuters Governance, Risk & Compliance (GRC) business delivers a comprehensive set of solutions designed to empower audit, risk and compliance professionals, business leaders, and the Boards they serve to reliably achieve business objectives, address uncertainty, and act with integrity. Thomson Reuters Accelus connects business transactions, strategy and operations to the everchanging regulatory environment, enabling firms to manage business risk. A comprehensive platform supported by a range of applications and trusted regulatory and risk intelligence data, Accelus brings together market-leading solutions for governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and e-learning, and board of director and disclosure services. Thomson Reuters has been named as a category leader in the Chartis RiskTech Quadrant For Operational Risk Management Systems, category leader in the Chartis RiskTech Quadrant for Enterprise Governance, Risk and Compliance Systems and has been positioned by Gartner, Inc. in its Leaders Quadrant of the Enterprise Governance, Risk and Compliance Platforms Magic Quadrant. Thomson Reuters was also named as Operational Risk Software Provider of the Year Award in the Operational Risk and Regulation Awards in 2013 and For more information, visit accelus.thomsonreuters.com

6 CONTACT ACCELUS ORG ID REGIONAL BUSINESS LEADS FOR DEMO AND MORE INFORMATION AMERICAS & SOUTH AFRICA Stephen Thwaits EMEA Deepak Rajagopal 2015 Thomson Reuters GRC01347/1-15

ACCELUS ORG ID FOR CLIENTS OF FINANCIAL INSTITUTIONS

ACCELUS ORG ID FOR CLIENTS OF FINANCIAL INSTITUTIONS THOMSON REUTERS ACCELUS ACCELUS ORG ID FOR CLIENTS OF FINANCIAL INSTITUTIONS SECURE SERVICE SIMPLIFYING EXCHANGE OF INFORMATION WITH COUNTERPARTIES IN A SECURE ENVIRONMENT, SIMPLIFY THE EXCHANGE OF INFORMATION

More information

THOMSON REUTERS ACCELUS. Know Your Customer (KYC), Kontrol Your Costs (KYC) and Keep Your Customers (KYC) happy

THOMSON REUTERS ACCELUS. Know Your Customer (KYC), Kontrol Your Costs (KYC) and Keep Your Customers (KYC) happy THOMSON REUTERS ACCELUS Know Your Customer (KYC), Kontrol Your Costs (KYC) and Keep Your Customers (KYC) happy Know Your Customer (KYC), Kontrol Your Costs (KYC) and Keep Your Customers (KYC) happy Background

More information

COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS COMPLIANCE MANAGEMENT SOLUTIONS

COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS Our solutions dynamically connect business transactions, strategy, and operations to the ever-changing regulatory environment,

More information

COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS COMPLIANCE MANAGEMENT SOLUTIONS

COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS COMPLIANCE MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS Our solutions dynamically connect business transactions, strategy, and operations to the ever-changing regulatory environment,

More information

Accelus Audit Manager THOMSON REUTERS ACCELUS

Accelus Audit Manager THOMSON REUTERS ACCELUS THOMSON REUTERS ACCELUS Accelus Audit Manager THOMSON REUTERS ACCELUS Our solutions dynamically connect business transactions, strategy, and operations to the ever-changing regulatory environment, providing

More information

ACCELUS RISK MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS ACCELUS RISK MANAGEMENT SOLUTIONS

ACCELUS RISK MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS ACCELUS RISK MANAGEMENT SOLUTIONS ACCELUS RISK MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS ACCELUS RISK MANAGEMENT SOLUTIONS THOMSON REUTERS ACCELUS Our solutions dynamically connect business transactions, strategy, and operations to

More information

Better Board Governance: The Value of the Board Portal

Better Board Governance: The Value of the Board Portal Better Board Governance: The Value of the Board Portal The views and opinions expressed in this paper are those of the author and do not necessarily reflect the official policy or position of Thomson Reuters.

More information

OWN RISK AND SOLVENCY ASSESSMENT AND ENTERPRISE RISK MANAGEMENT

OWN RISK AND SOLVENCY ASSESSMENT AND ENTERPRISE RISK MANAGEMENT OWN RISK AND SOLVENCY ASSESSMENT AND ENTERPRISE RISK MANAGEMENT ERM as the foundation for regulatory compliance and strategic business decision making CONTENTS Introduction... 3 Steps to developing an

More information

THOMSON REUTERS ACCELUS

THOMSON REUTERS ACCELUS THOMSON REUTERS ACCELUS ACCELUS Screening Resolution Service Executive Summary Thomson Reuters Accelus offers Screening Resolution Service (SRS): an outsourced screening service for Corporates and Financial

More information

SPECIAL REPORT: KYC AND AML POLICY IMPLEMENTING BEST PRACTICE IN AN EVER-CHANGING REGULATORY ENVIRONMENT

SPECIAL REPORT: KYC AND AML POLICY IMPLEMENTING BEST PRACTICE IN AN EVER-CHANGING REGULATORY ENVIRONMENT SPECIAL REPORT: KYC AND AML POLICY IMPLEMENTING BEST PRACTICE IN AN EVER-CHANGING REGULATORY ENVIRONMENT INTRODUCTION Heightened expectations from regulators have created an ever-more demanding regulatory

More information

IDENTITY MONITORING: KEEPING A FINGER ON THE PULSE OF CLIENT IDENTITY CHANGES

IDENTITY MONITORING: KEEPING A FINGER ON THE PULSE OF CLIENT IDENTITY CHANGES IDENTITY MONITORING: KEEPING A FINGER ON THE PULSE OF CLIENT IDENTITY CHANGES By Neil Jeans The views and opinions expressed in this paper are those of the authors and do not necessarily reflect the official

More information

Board Portal Security: How to keep one step ahead in an ever-evolving game

Board Portal Security: How to keep one step ahead in an ever-evolving game Board Portal Security: How to keep one step ahead in an ever-evolving game The views and opinions expressed in this paper are those of the author and do not necessarily reflect the official policy or position

More information

KNOW YOUR THIRD PARTY

KNOW YOUR THIRD PARTY Thomson Reuters KNOW YOUR THIRD PARTY EXECUTIVE SUMMARY The drive to improve profitability and streamline operations motivates many organizations to collaborate with other businesses, increase outsourcing

More information

FIVE KEY RISKS FOR 2014

FIVE KEY RISKS FOR 2014 FIVE KEY RISKS FOR 2014 CONTENTS 1. KEY SKILLS..3 2. CAPACITY.4 3. CONDUCT RISK.5 4. INFRASTRUCTURE.6 5. TOO-BIG-TO-FAIL...7 CONCLUSION..8 2 FIVE KEY RISKS FOR 2014 JANUARY 2014 The biggest risk influence

More information

THOMSON REUTERS ACCELUS. The FCA: A Game Changer

THOMSON REUTERS ACCELUS. The FCA: A Game Changer THOMSON REUTERS ACCELUS The FCA: A Game Changer for Company Training Statement of intent This whitepaper, brought to you by Thomson Reuters, discusses the implications of the new financial regulatory framework

More information

DRIVING ENTERPRISE RISK MANAGEMENT BEST PRACTICES FOR ENERGY FIRMS

DRIVING ENTERPRISE RISK MANAGEMENT BEST PRACTICES FOR ENERGY FIRMS DRIVING ENTERPRISE RISK MANAGEMENT BEST PRACTICES FOR ENERGY FIRMS The views and opinions expressed in this paper are those of the author and do not necessarily reflect the official policy or position

More information

GET YOUR INTERNAL AUDIT RISK ASSESSMENT RIGHT THIS YEAR NOAH GOTTESMAN

GET YOUR INTERNAL AUDIT RISK ASSESSMENT RIGHT THIS YEAR NOAH GOTTESMAN GET YOUR INTERNAL AUDIT RISK ASSESSMENT RIGHT THIS YEAR NOAH GOTTESMAN ABOUT THE AUTHOR Leveraging his background in internal audit and internal controls, Noah Gottesman provides industry thought leadership

More information

ACCELUS COMPLIANCE MANAGER FOR FINANCIAL SERVICES

ACCELUS COMPLIANCE MANAGER FOR FINANCIAL SERVICES THOMSON REUTERS ACCELUS ACCELUS COMPLIANCE MANAGER FOR FINANCIAL SERVICES PROACTIVE. CONNECTED. INFORMED. THOMSON REUTERS ACCELUS Compliance management Solutions Introduction The advent of new and pending

More information

AN INTEGRATED APPROACH TO COMPLIANCE AND RISK MANAGEMENT IS THE BEST WAY FORWARD BY MARTIN WOODS OCTOBER 2011

AN INTEGRATED APPROACH TO COMPLIANCE AND RISK MANAGEMENT IS THE BEST WAY FORWARD BY MARTIN WOODS OCTOBER 2011 AN INTEGRATED APPROACH TO COMPLIANCE AND RISK MANAGEMENT IS THE BEST WAY FORWARD BY MARTIN WOODS OCTOBER 2011 FOREWORD The global financial crisis has led banks, firms, governments and societies to the

More information

to Curb Insurance Fraud

to Curb Insurance Fraud Enhanced Due Diligence to Curb Insurance Fraud Paul Cochrane Statement of intent Driven by tightened regulatory restriction in the financial sector and boosted by the recent recession, insurance fraud

More information

building a business case for governance, risk and compliance

building a business case for governance, risk and compliance building a business case for governance, risk and compliance contents introduction...3 assurance: THe last major business function To be integrated...3 current state of grc: THe challenges... 4 building

More information

USING SPREADSHEETS TO MANAGE GOVERNANCE, RISK AND COMPLIANCE:

USING SPREADSHEETS TO MANAGE GOVERNANCE, RISK AND COMPLIANCE: USING SPREADSHEETS TO MANAGE GOVERNANCE, RISK AND COMPLIANCE: PROS, CONS AND HIDDEN DANGERS MIKE ROST CONTENTS INTRODUCTION... 3 GRC DISCIPLINES REQUIRE PURPOSE-BUILT TECHNOLOGY... 3 USING SPREADSHEETS

More information

Regulatory Change Management:

Regulatory Change Management: Regulatory Change Management: the critical compliance competence CONTENTS Understanding the Challenge... 3 The Context... 3 Current Methodologies... 5 How do compliance departments cope?... 6 The future

More information

TRANSACTION MONITORING AN ESSENTIAL COMPONENT OF RISK COMPLIANCE

TRANSACTION MONITORING AN ESSENTIAL COMPONENT OF RISK COMPLIANCE TRANSACTION MONITORING AN ESSENTIAL COMPONENT OF RISK COMPLIANCE BY ROWAN BOSWORTH-DAVIES Statement of intent The current accepted wisdom is that businesses need to adapt to a changing environment and

More information

CONNECT SIMPLIFY PERFORM

CONNECT SIMPLIFY PERFORM REUTERS/Gene Blevins CONNECT SIMPLIFY PERFORM DELIVERING A UNIFIED PLATFORM APPROACH TO GOVERNANCE, RISK AND COMPLIANCE Statement of intent This paper provides insight into our GRC strategy and our future

More information

A Time-Saving Guide to Selecting the

A Time-Saving Guide to Selecting the A Time-Saving Guide to Selecting the Right Internal Audit Solution the Internal Audit Solution Buyer s Guide Contents Taking Stock: Why You Need Internal Audit Software, and Reasons to Select a New Internal

More information

Foreign business partners under the FCPA

Foreign business partners under the FCPA Foreign business partners under the FCPA by Tom Fox 1 TITLE about the writer Thomas Fox has practiced law in Houston for 25 years. He is now assisting companies with FCPA compliance, risk management and

More information

Risk Based Approach putting it into practice

Risk Based Approach putting it into practice Risk Based Approach putting it into practice Collin Lobo Regional Head of Financial Crime Risk Middle East, Pakistan and Africa Disclaimer This presentation / document has been prepared to assist improve

More information

North America Account Opening Guide

North America Account Opening Guide Global Treasury SERVICEs North America Account Opening Guide Taking your opportunity further. That s return on relationship. Table of Contents Introduction... 2 The regulatory environment... 3 Account

More information

THE FUTURE OF TECHNOLOGY IN CUSTOMER IDENTIFICATION & RELATIONSHIP RISK

THE FUTURE OF TECHNOLOGY IN CUSTOMER IDENTIFICATION & RELATIONSHIP RISK THE FUTURE OF TECHNOLOGY IN CUSTOMER IDENTIFICATION & RELATIONSHIP RISK ANGELA S M IRWIN KIM-KWANG RAYMOND CHOO Statement of intent This paper examines the technological challenges faced by financial institutions

More information

Chartis RiskTech Quadrant for Anti-Money Laundering Solutions 2013

Chartis RiskTech Quadrant for Anti-Money Laundering Solutions 2013 Chartis RiskTech Quadrant for Anti-Money Laundering Solutions 2013 The RiskTech Quadrant is copyrighted July 2012 by Chartis Research Ltd. and is reused with permission. No part of the RiskTech Quadrant

More information

Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2014

Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2014 Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2014 The RiskTech Quadrant is copyrighted December 2014 by Chartis Research Ltd. and is reused with permission. No part of this document

More information

SECURING THE BOARD: THE RISKS AND REWARDS OF CLOUD-BASED COMMUNICATION NATHAN LYNCH

SECURING THE BOARD: THE RISKS AND REWARDS OF CLOUD-BASED COMMUNICATION NATHAN LYNCH SECURING THE BOARD: THE RISKS AND REWARDS OF CLOUD-BASED COMMUNICATION NATHAN LYNCH ABOUT THE AUTHOR Nathan Lynch is the head regulatory analyst for Thomson Reuters Governance, Risk and Compliance operations

More information

LexisNexis UK Anti-Money Laundering (AML) White paper

LexisNexis UK Anti-Money Laundering (AML) White paper LexisNexis UK Anti-Money Laundering (AML) White paper The Financial Services Authority Thematic Review Banks management of high money-laundering risk situations. How banks deal with high-risk customers

More information

Policy on Prevention of Money Laundering and Terrorist Financing ABH Holding S.A.

Policy on Prevention of Money Laundering and Terrorist Financing ABH Holding S.A. Policy on Prevention of Money Laundering and Terrorist Financing ABH Holding S.A. 2013 CONTENT 1. GENERAL PROVISIONS... 3 2. THE SCOPE AND APPLICABILITY... 3 3. THE PURPOSE OF THE POLICY... 3 4. OBJECTIVES...

More information

Admiral Markets. ID Verification solution: Overview. Case Study

Admiral Markets. ID Verification solution: Overview. Case Study ID Verification solution: Admiral Markets Overview Company Admiral Markets is a leading forex trading provider. Challenge To protect itself from fraud and comply with regulations, Admiral Markets must

More information

CLIENT ON-BOARDING: THE SOLUTION LANDSCAPE

CLIENT ON-BOARDING: THE SOLUTION LANDSCAPE CLIENT ON-BOARDING: THE SOLUTION LANDSCAPE AN OVERVIEW OF SOLUTIONS CURRENTLY AVAILABLE FOR CLIENT ON-BOARDING By Jim Roth, Thomson Reuters Client On-Boarding Statement of intent The evolving financial

More information

THE PRACTICE OF PROFILING BY DAVID THOMAS

THE PRACTICE OF PROFILING BY DAVID THOMAS PROFILING PART 3 THE PRACTICE OF PROFILING BY DAVID THOMAS Statement of intent This paper follows the two previous titles The Psychology of Money Launderers and the Psychology of Anti-Money Launderers

More information

Chartis RiskTech Quadrant for Model Risk Management Systems 2014

Chartis RiskTech Quadrant for Model Risk Management Systems 2014 Chartis RiskTech Quadrant for Model Risk Management Systems 2014 The RiskTech Quadrant is copyrighted June 2014 by Chartis Research Ltd. and is reused with permission. No part of the RiskTech Quadrant

More information

A Comprehensive FATCA Solution

A Comprehensive FATCA Solution in collaboration with A Comprehensive FATCA Solution End-to-end automated legal, technology and software solution facilitates global compliance with U.S. Foreign Account Tax Compliance Act requirements

More information

Simply Sophisticated. Information Security and Compliance

Simply Sophisticated. Information Security and Compliance Simply Sophisticated Information Security and Compliance Simple Sophistication Welcome to Your New Strategic Advantage As technology evolves at an accelerating rate, risk-based information security concerns

More information

Investing in Success Pega Solutions for Financial Service Institutions

Investing in Success Pega Solutions for Financial Service Institutions Investing in Success Pega Solutions for Financial Service Institutions Join many of the industry s largest and most influential financial services institutions including HSBC, JP Morgan Chase, Lloyds Banking

More information

REUTERS/Issei Kato. Global Tax Solutions For Corporate Tax & Accounting Professionals

REUTERS/Issei Kato. Global Tax Solutions For Corporate Tax & Accounting Professionals REUTERS/Issei Kato onesource Global Tax Solutions For Corporate Tax & Accounting Professionals TAX & ACCOUNTING REUTERS/Tim Wimborne IN A GLOBAL MARKET, IT ISN T ABOUT SURVIVING IT S ABOUT SUCCEEDING London,

More information

EMEA Account opening guide

EMEA Account opening guide GLOBAL TRANSACTION SERVICES EMEA Account opening guide The power of global connections Introduction This guide gives you all the information you need when opening accounts and completing documentation

More information

Empower Decision-Making with Information Insight Veritas Information Governance Solutions

Empower Decision-Making with Information Insight Veritas Information Governance Solutions Empower Decision-Making with Information Insight Veritas Information Governance Solutions genius resides in the capacity True for evaluation of uncertain, hazardous, and conflicting information. Winston

More information

Simplify the Complexity of Managing 3rd Party Anti-Bribery / FCPA Compliance

Simplify the Complexity of Managing 3rd Party Anti-Bribery / FCPA Compliance Simplify the Complexity of Managing 3rd Party Anti-Bribery / FCPA Compliance Arm Stakeholders with Critical Information to Assess 3rd Party Relationships and Comply with the Foreign Corrupt Practices Act

More information

Q1 Labs Corporate Overview

Q1 Labs Corporate Overview Q1 Labs Corporate Overview The Security Intelligence Leader Who we are: Innovative Security Intelligence software company One of the largest and most successful SIEM vendors Leader in Gartner 2011, 2010,

More information

Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) Vanessa Read, Acting Head AML Supervision Christiane Chidiac, Manager AML Supervision Agenda Introduction KYC Principles

More information

VCE SUPPORT OVERVIEW. Investment Protection and Welcome Peace of Mind

VCE SUPPORT OVERVIEW. Investment Protection and Welcome Peace of Mind vce.com VCE SUPPORT OVERVIEW VCE provides the world s most advanced converged infrastructure, offering unmatched simplicity while delivering the extraordinary efficiency and business agility made possible

More information

Cost of Compliance 2014 Stacey English and Susannah Hammond. Reuters Arnd Wiegmann

Cost of Compliance 2014 Stacey English and Susannah Hammond. Reuters Arnd Wiegmann Cost of Compliance 2014 Stacey English and Susannah Hammond Reuters Arnd Wiegmann Table of Contents 4 EXECUTIVE SUMMARY 5 Introduction 5 Compliance Function: Budget, Resources and Liability 8 Regulatory

More information

Healthcare Divestiture Questions & Answers

Healthcare Divestiture Questions & Answers Healthcare Divestiture Questions & Answers 1. Why are you selling the Healthcare business? We have been evaluating Healthcare's position for several years as we sought ways to efficiently build scale and

More information

Compliance Management, made easy

Compliance Management, made easy Compliance Management, made easy LOGPOINT SECURING BUSINESS ASSETS SECURING BUSINESS ASSETS LogPoint 5.1: Protecting your data, intellectual property and your company Log and Compliance Management in one

More information

Trusts. Protect your organisation from money laundering and fraud to prevent reputational damage

Trusts. Protect your organisation from money laundering and fraud to prevent reputational damage Trusts Protect your organisation from money laundering and fraud to prevent reputational damage Our Our organisation organisation was was founded on on four four key key values: innovation, quality, quality,

More information

Latin America Account Opening Guide. Taking your opportunity further. That s return on relationship.

Latin America Account Opening Guide. Taking your opportunity further. That s return on relationship. Global TREASURY Services Latin America Account Opening Guide Taking your opportunity further. That s return on relationship. Table of Contents Introduction...2 The regulatory environment...3 Account opening

More information

GoldMine Datasheet Title. Subtitle: Reinvent your Sales, Marketing and Support Proceses. IT Must Innovate to Meet Rising Business Expectations

GoldMine Datasheet Title. Subtitle: Reinvent your Sales, Marketing and Support Proceses. IT Must Innovate to Meet Rising Business Expectations GoldMine Datasheet Title Subtitle: Reinvent your Sales, Marketing and Support Proceses IT Must Innovate to Meet Rising Business Expectations IT Must Innovate to Meet Rising Business Expectations Business

More information

C21 Introduction to User Access

C21 Introduction to User Access C21 Introduction to User Access Management Introduction to User Access Management What we'll cover today What is it? Why do I care? Current trends in Identity & Access Management How do I audit it? What

More information

GET AHEAD, SAFELY & PROFITABLY

GET AHEAD, SAFELY & PROFITABLY GET AHEAD, SAFELY & PROFITABLY When you have to be right Solve Today s Challenges and Be Prepared for Tomorrow s In today s world of increased regulatory change, renewed regulator vigilance and higher

More information

Cincom Synchrony. Cincom Synchrony. Multi-channel customer experience management SIMPLIFICATION THROUGH INNOVATION TM

Cincom Synchrony. Cincom Synchrony. Multi-channel customer experience management SIMPLIFICATION THROUGH INNOVATION TM Cincom Synchrony Cincom Synchrony Multi-channel customer experience management SIMPLIFICATION THROUGH INNOVATION TM Restore the intimacy Today s customers are more sophisticated and demanding than ever,

More information

Compliance Risk Assessment and 3 rd Party Due Diligence & Monitoring

Compliance Risk Assessment and 3 rd Party Due Diligence & Monitoring Advisory Services May, 2011 Compliance Risk Assessment and 3 rd Party Due Diligence & Monitoring Compliance Risk Strategy 3 rd Party Due Diligence 3rd Party Auditing The differing ways in which a company

More information

Any Partner. Any System. Anywhere. IBM Sterling Business Integration Suite

Any Partner. Any System. Anywhere. IBM Sterling Business Integration Suite Any Partner. Any System. Anywhere. IBM Sterling Business Integration Suite Any Partner. Any System. Anywhere. The IBM Sterling Business Integration Suite allows customers to solve critical business-tobusiness

More information

The proposed Fourth Money Laundering Directive

The proposed Fourth Money Laundering Directive The proposed Fourth Money Laundering Directive What the proposed Directive means and how to keep your business safe USING IDENTITY INTELLIGENTLY Money Laundering Directive What the proposed Directive means

More information

CONVERTING COMPLIANCE CHALLENGES INTO BUSINESS BENEFITS:

CONVERTING COMPLIANCE CHALLENGES INTO BUSINESS BENEFITS: CONVERTING COMPLIANCE CHALLENGES INTO BUSINESS BENEFITS: OPTIMIZING CLIENT ONBOARDING IN WEALTH MANAGEMENT Executive Summary Average onboarding time high net worth client vs legal entity The study defines

More information

Solutions for Enterprise Risk Management SAS. Overview. A holistic view of risk of risk and exposures for better risk management SOLUTION OVERVIEW

Solutions for Enterprise Risk Management SAS. Overview. A holistic view of risk of risk and exposures for better risk management SOLUTION OVERVIEW SOLUTION OVERVIEW SAS Solutions for Enterprise Risk Management A holistic view of risk of risk and exposures for better risk management Overview The principal goal of any financial institution is to generate

More information

Wolfsberg Anti-Money Laundering Principles for Correspondent Banking

Wolfsberg Anti-Money Laundering Principles for Correspondent Banking Wolfsberg Anti-Money Laundering Principles for Correspondent Banking 1 Preamble The Wolfsberg Group of International Financial Institutions 1 has agreed that these Principles constitute global guidance

More information

IBM Customer Experience Suite and Electronic Forms

IBM Customer Experience Suite and Electronic Forms Introduction It s more important than ever to have a set of capabilities that allow you to create dynamic, self service options for your customers that leverage existing processes and infrastructure. Your

More information

Regulatory Compliance Management for Energy and Utilities

Regulatory Compliance Management for Energy and Utilities Regulatory Compliance Management for Energy and Utilities The Energy and Utility (E&U) sector is transforming as enterprises are looking for ways to replace aging infrastructure and create clean, sustainable

More information

Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll

Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll ADP STREAMLINE SM Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll HR. Payroll. Benefits. Complex legal and tax mazes, cultural differences and labor laws - the complexity of

More information

Harness Enterprise Risks With Oracle Governance, Risk and Compliance

Harness Enterprise Risks With Oracle Governance, Risk and Compliance Hardware and Software Engineered to Work Together Harness Enterprise Risks With Oracle Governance, Risk and Compliance Is the plethora of financial, operational and regulatory policies and mandates overwhelming

More information

Minimize Access Risk and Prevent Fraud With SAP Access Control

Minimize Access Risk and Prevent Fraud With SAP Access Control SAP Solution in Detail SAP Solutions for Governance, Risk, and Compliance SAP Access Control Minimize Access Risk and Prevent Fraud With SAP Access Control Table of Contents 3 Quick Facts 4 The Access

More information

CLIENT ONBOARDING SOLUTION BROCHURE

CLIENT ONBOARDING SOLUTION BROCHURE CLIENT ONBOARDING SOLUTION BROCHURE TAP INTO THE VALUE OF CLIENT ONBOARDING Appway Client Onboarding gives banks the agility to drive revenue growth while controlling costs in complex, changing markets

More information

DIGITAL SOLUTIONS EMPOWER ADVISORS AND ENHANCE THE ONLINE CUSTOMER EXPERIENCE WITH TURN-KEY CONTENT AND CUSTOMIZED WEBSITES.

DIGITAL SOLUTIONS EMPOWER ADVISORS AND ENHANCE THE ONLINE CUSTOMER EXPERIENCE WITH TURN-KEY CONTENT AND CUSTOMIZED WEBSITES. DIGITAL SOLUTIONS EMPOWER ADVISORS AND ENHANCE THE ONLINE CUSTOMER EXPERIENCE WITH TURN-KEY CONTENT AND CUSTOMIZED WEBSITES. As the nexus of your customer relationships becomes increasingly Web-based,

More information

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING (AML AND CTF) PROGRAM PART A

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING (AML AND CTF) PROGRAM PART A PART A 1. AML and CTF Risk Assessment 1.1. This AML & CTF Program sets risk assessment process which is grounded on risk-based approach. 1.2. The main components of the risk assessment process are: 1.2.1.

More information

DEVELOPING AN AML (ANTI-MONEY LAUNDERING) PROGRAM:

DEVELOPING AN AML (ANTI-MONEY LAUNDERING) PROGRAM: DEVELOPING AN AML (ANTI-MONEY LAUNDERING) PROGRAM: Although the Department of the Treasury has not issued specific rules for hedge funds and hedge fund managers, hedge fund managers should adopt and implement

More information

Streamlining Identity and Access Management through Unified Identity and Access Governance Solutions

Streamlining Identity and Access Management through Unified Identity and Access Governance Solutions Streamlining Identity and Access Management through Unified Identity and Access Governance Solutions By Iranna Hurakadli and Achutha Sridhar Happiest Minds, IMSS Practice Many enterprises that have implemented

More information

REGULATORY COMPLIANCE SOFTWARE SOLUTIONS. Dynamic Solutions. Superior Results.

REGULATORY COMPLIANCE SOFTWARE SOLUTIONS. Dynamic Solutions. Superior Results. REGULATORY COMPLIANCE SOFTWARE SOLUTIONS Dynamic Solutions. Superior Results. TOOLS THAT REDUCE THE BURDEN OF MANAGING COMPLIANCE AND THE RISK OF NON-COMPLIANCE WATCHDOG ELITE PLATFORM, a holistic platform

More information

Cyber Security & Managing KYC Data

Cyber Security & Managing KYC Data SPECIAL REPORT Cyber Security & Managing KYC Data The views and opinions expressed in this paper are those of the author(s) and do not necessarily reflect the official policy or position of Thomson Reuters.

More information

Chartis RiskTech Quadrant for Operational Risk Management Systems

Chartis RiskTech Quadrant for Operational Risk Management Systems Chartis RiskTech Quadrant for Operational Risk Management Systems The RiskTech Quadrant is copyrighted July 2012 by Chartis Research Ltd. and is reused with permission. No part of the RiskTech Quadrant

More information

Anti-Money Laundering and Counter- Terrorism Financial Policy

Anti-Money Laundering and Counter- Terrorism Financial Policy Anti-Money Laundering and Counter- Terrorism Financial Policy Version: March 2014 1. INTRODUCTION...3 2. DEFINITIONS...3 3. RISK-BASED APPROACH...3 4. AML COMPLIANCE OFFICER...4 5. SUSPICIOUS TRANSACTION

More information

White paper. Business-Driven Identity and Access Management: Why This New Approach Matters

White paper. Business-Driven Identity and Access Management: Why This New Approach Matters White paper Business-Driven Identity and Access Management: Why This New Approach Matters Executive Summary For years, security and business managers have known that identity and access management (IAM)

More information

Chartis RiskTech Quadrant for Solvency II Technology Solutions

Chartis RiskTech Quadrant for Solvency II Technology Solutions Chartis RiskTech Quadrant for Solvency II Technology Solutions The RiskTech Quadrant is copyrighted July 2012 by Chartis Research Ltd. and is reused with permission. No part of the RiskTech Quadrant may

More information

agility made possible

agility made possible SOLUTION BRIEF CA IT Asset Manager how can I manage my asset lifecycle, maximize the value of my IT investments, and get a portfolio view of all my assets? agility made possible helps reduce costs, automate

More information

Eval-Source. Apparancy Business Process Platform. Analyst Review

Eval-Source. Apparancy Business Process Platform. Analyst Review Eval-Source Apparancy Business Process Platform Analyst Review Solution Background Business Process (BP) and Business Process Management (BPM) are complex practices that are composed of structured activities/tasks,

More information

Achieving governance outcomes through risk management and process automation. Thomson reuters

Achieving governance outcomes through risk management and process automation. Thomson reuters Achieving governance outcomes through risk management and process automation Thomson reuters CONTENTS INTRODUCTION... 0 Building a framework... 5 The changing investor relationship... 6 A unified approach...

More information

FircoSoft Vendor Highlights Report

FircoSoft Vendor Highlights Report FircoSoft Vendor Highlights Report July 2013 About Chartis Research Chartis is a leading provider of research and analysis covering the global market for risk management technology. Our goal is to support

More information

Managing bribery and corruption risk in commercial insurance broking

Managing bribery and corruption risk in commercial insurance broking Financial Conduct Authority Thematic Review TR14/17 Managing bribery and corruption risk in commercial insurance broking Update November 2014 Managing bribery and corruption risk in commercial insurance

More information

Risk und Performance Management in Stürmischen Zeiten mit Oracle GRC

Risk und Performance Management in Stürmischen Zeiten mit Oracle GRC Oracle Applications Day Zürich, 1. Juli 2009 Risk und Performance Management in Stürmischen Zeiten mit Oracle GRC Steven Hagner EMEA GRC Sales Organization 1 Safe Harbor Statement The following is intended

More information

Solutions overview. Inspiring talent management. Solutions insight. Inspiring talent management

Solutions overview. Inspiring talent management. Solutions insight. Inspiring talent management Solutions overview Inspiring talent management Solutions insight Inspiring talent management Inspiring talent management Intuitive technology that people love to use Lumesse is the only global company

More information

In addition, many mass affluent clients now expect the convenience of anytime anywhere access to account information and transaction

In addition, many mass affluent clients now expect the convenience of anytime anywhere access to account information and transaction Banks have been opening accounts for clients since they started trading. And yet particularly in wealth management - what was once a simple way to formally welcome a client has become complicated and often

More information

Optymyze Sales Performance Software

Optymyze Sales Performance Software Optymyze Sales Performance Software Optymyze provides a complete set of sales performance management applications that are designed to help enterprises improve the alignment, efficiency, productivity,

More information

GUIDE Wealth Management. 9 Social Media Guidelines for Wealth Management Firms

GUIDE Wealth Management. 9 Social Media Guidelines for Wealth Management Firms GUIDE Wealth Management 9 Social Media Guidelines for Wealth Management Firms Wealth Management 9 Social Media Guidelines for Wealth Management Firms Wealth management firms that embrace social media can

More information

Financial Crime Management EIFR workshop 19th November 2015

Financial Crime Management EIFR workshop 19th November 2015 Financial Crime Management EIFR workshop 19th November 2015 dd-mm-yyyy Photo by Deutsche Bank AG Agenda Introduction Atos FCCM SaaS Offering Introductions Atos and Oracle Cloud based service Deskription

More information

1 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

1 Copyright 2011, Oracle and/or its affiliates. All rights reserved. 1 Copyright 2011, Oracle and/or its affiliates. All rights Challenges in Implementing the Financial Action Task Force (FATF) recommendations on Risk Based Approach by R. Suresha CAMS 2 Copyright 2011,

More information

PROVIDING IT SOLUTIONS FOR THE HEALTHCARE INDUSTRY

PROVIDING IT SOLUTIONS FOR THE HEALTHCARE INDUSTRY PROVIDING IT SOLUTIONS FOR THE HEALTHCARE INDUSTRY The healthcare industry is facing unprecedented challenges as it evolves. New legislation and advances in technology are leading to obstacles and opportunities

More information

THOMSON REUTERS CORTELLIS FOR INFORMATICS. REUTERS/ Aly Song

THOMSON REUTERS CORTELLIS FOR INFORMATICS. REUTERS/ Aly Song THOMSON REUTERS CORTELLIS FOR INFORMATICS REUTERS/ Aly Song THOMSON REUTERS CORTELLIS FOR INFORMATICS 1 Table of Contents Table of Contents...1 The challenge... 2 The solution... 2 WHAT CAN YOU DO WITH

More information

White Paper Integrating Accenture Duck Creek with ECM. Reducing Complexity for the Commercial Insurance Carrier

White Paper Integrating Accenture Duck Creek with ECM. Reducing Complexity for the Commercial Insurance Carrier White Paper Integrating Accenture Duck Creek with ECM Reducing Complexity for the Commercial Insurance Carrier Commercial property and casualty carriers face complexities that have historically challenged

More information

one admin. one tool. Providing instant access to hundreds of industry leading verification tools.

one admin. one tool. Providing instant access to hundreds of industry leading verification tools. 2 7 12 14 11 15 8 16 10 41 40 42 19 49 45 44 50 48 47 51 46 52 53 55 54 56 57 67 68 1 5 39 43 58 71 81 82 69 70 88 25 29 23 26 22 3 21 28 4 6 32 30 38 33 31 37 34 35 36 63 59 64 60 62 61 65 72 73 66 74

More information

Enterprise-Wide Benefits of Automated Client Onboarding

Enterprise-Wide Benefits of Automated Client Onboarding Solution Summary Enterprise-Wide Benefits of Automated Client Onboarding Wealth management firms are facing increasing pressure to reduce costs and increase sales while improving customer service levels.

More information

FRANCHISORS AND FRANCHISEES: UNDERSTANDING COMPLIANCE RISKS

FRANCHISORS AND FRANCHISEES: UNDERSTANDING COMPLIANCE RISKS FRANCHISORS AND FRANCHISEES: UNDERSTANDING COMPLIANCE RISKS Franchisors and Franchisees: Understanding Compliance Risks What do KFC, Liberty Tax Service, Fatburger, and Orkin have in common? In addition

More information

Review of banks anti-money laundering systems and controls

Review of banks anti-money laundering systems and controls Review of banks anti-money laundering systems and controls Stewart McGlynn Anti-Money Laundering Banking Supervision Department Hong Kong Monetary Authority 22 & 23 April 2013 Disclaimer This presentation

More information

Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2014

Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2014 Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2014 Watchlist monitoring solutions The RiskTech Quadrant is copyrighted December 2014 by Chartis Research Ltd. and is reused with

More information