- Manage your risk based approach more efficiently
- Optimized for AML and anti-corruption compliance
- 200+ sources from 50+ respected international organizations
- Enable a ranking of countries-by-risk
- Fully integrated into the World-Check application
- Auditable proof of due diligence with downloadable reports
Objective decision making - when a Know Your Customer (KYC) screening hit has been verified as a true positive, customers must make a decision as to whether to engage in the business relationship. Country risk intelligence can be a powerful tool in that decision.
Supplier on boarding – Organizations with global supply chains are subject to strict anti-corruption laws like the FCPA, UKBA and more recently the UK Modern Slavery Act. Country risk intelligence can be a critical tool in mitigating these location based risks and stay on top of developments.
Risk Based PEP screening – Check a PEP that has been flagged in the KYC screen for any possible location based risk.For premium subscription clients a PEP Filter is available as one of the dynamic Data-file download options.
Product launch or distribution – Develop or restrict launch and distribution activity based on for example, corporate risks or prevalence of counterfeiting in a particular region.
Charity groups or donor aid – Determine which countries pose a heightened risk for money laundering and corruption or identify those jurisdictions that have weak legislation, control or enforcement. Use knowledge to inform your decision on the amount of due diligence required, and for example whether aid should be given to any government entity, within a certain jurisdiction.
Transaction Monitoring – Suspicious accounts can be screened for risk based on their location and help to focus enhanced due diligence efforts.
Integrated into World-Check
As an advanced feature of Thomson Reuters World-Check Online, compliance departments are able to do their Customer Due Diligence screening against World-Check Risk Intelligence, while at the same time checking for location based risk using the full capabilities of Thomson Reuters Country Risk Ranking – all within the same system. Thomson Reuters Country Risk Ranking and Thomson Reuters World-Check Online customers have a powerful advantage.