Conducting world-class KYC due diligence
Org ID collects, classifies, and verifies a client’s identity. It builds KYC records against a global standardized policy, reducing the time and cost of KYC due diligence while meeting the demands of compliance and regulators worldwide.
Org ID is the only service to provide integrated screening and ongoing monitoring to detect changes in your legal entity status.
At its core is the Thomson Reuters Permanent Identifier (PermID), which gives every piece of information a unique identifier that won’t change over time, providing clear mapping for all content sets across Thomson Reuters.
The efficient way of responding to KYC
Upload, maintain, and streamline the distribution of one set of KYC compliance documents to multiple, authorized financial institutions through the Org ID secure portal. Eliminate the duplicative work and control the escalating costs associated with responding to an ever-increasing number of KYC due diligence requests.
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.
The political and regulatory focus on financial services firms continues unabated. While some of the big reforms - such as the wholesale recapitalization of banks - are beginning to draw to a close, many other cross-border regulatory changes still need to be developed and implemented.
This report looks at the cyber risks faced by investment managers, who handle strictly confidential data on a continual basis, whether they perform KYC due diligence on their own clients or respond to KYC requests from their banks.
Screen for heightened risk individuals and entities globally with Thomson Reuters World-Check, to help you know your customer and uncover hidden risks.
Enhanced due diligence that gives you detailed integrity and advanced background checks on any entity or individual, no matter where they are located in the world.