KYC compliance

Org ID

Thomson Reuters Org ID breaks an operational milestone by building, publishing and maintaining 196,000 KYC records.

A global solution developed to simplify and streamline counterparty due diligence and the ongoing maintenance of Know Your Customer (KYC) compliance records.

Accelerate your ability to excel in KYC due diligence with Thomson Reuters Org ID

Thomson Reuters Org ID is an end-to-end client identity and verification service that provides a complete legal entity due diligence and document management service through which financial institutions and their end clients (asset managers, hedge funds, correspondent banks and corporates) can more effectively manage their response to new KYC regulatory requirements.

Fullerton Fund Management and Org ID - centralization (3.38)

Org ID for financial institutions

Org ID streamlines the KYC/CDD (Customer Due Diligence) process to accelerate the onboarding, periodic review cycles, and remediation projects conducted by financial institutions on their end clients.

We identify and classify a client’s risk category, verify their identity, and screen all related parties to create a KYC record. Unlike any other service, we continuously monitor for changes and automatically refresh client due diligence information.

Built-in auditing capabilities allow effective reporting between the board, the business, and regulators

Benefit from a KYC service that:

  • operates a comprehensive KYC policy covering 11 capital markets
  • unwraps the legal entity and identifies ultimate beneficial owners (UBO)
  • maintains and updates legal entity records on a continuous basis
  • screens entities and identifies risk flags
  • sources legal entity documents in over 200 countries and 60 languages
  • is the only service to provide integrated screening and ongoing monitoring to detect changes in your customers’ KYC profiles

Org ID for clients of financial institutions

Eliminate the duplicative work and control the escalating costs associated with responding to an ever-increasing number of KYC due diligence requests.

Thomson Reuters Org ID enables firms to easily provide and securely share their identity documents with financial institutions, eliminating the task of maintaining different sets of records for different financial institutions they have a relationship with.

Org ID also offers an online service called Document Exchange to organizations who may not be end clients of a subscribing Org ID financial institution. This service provides firms with a secure environment to store, maintain, and share identity documents with any financial institution they choose.

Perm ID

Integrated into Org ID entity profile reports is Thomson Reuters Permanent Identifier (Perm ID), enabling financial institutions to further uncover the complex, dynamic relationships between individuals, entities, and their holdings. Perm ID is akin to a barcode for information and it facilitates greater transparency for firms to gain customer insights and mitigate their risk exposure.

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