Modern Slavery: What it seems, more or less
In the modern world, perceptions of association with the taint of slavery (when used in its historic sense) result in severe presentational and reputational damage to businesses, together with appreciable commercial disadvantages – even when companies are legally compliant – often as a result of cultural sensitivities and interest group pressure. This article takes a look at what this means for organizations and the actions they can take to help ensure they can comply with legislation and protect their reputation.
The trusted and accurate source of risk intelligence made available to help you meet your regulatory obligations, make informed decisions, and help prevent your business from inadvertently being used to launder the proceeds of crime or association with corrupt business practices.
Enhanced due diligence processes form part of a best-practice, risk-based approach as well as providing a critical framework during the anti-money laundering and know your customer on-boarding life cycle.
Thomson Reuters Screening Resolution Service is a KYC and third-party risk screening service that highlights positive and possible matches for any customer identification program.