29 October 2016
Visit dh.com

CounterpartyLink and RDC partner on legal entity due diligence processes

13 March 2014  |  832 views  |  0 Source: CounterpartyLink

CounterpartyLink (CPL), the leading source of evidence-based legal entity intelligence, today announced that it has partnered with RDC, the global leader in risk intelligence and compliance services, to help financial institutions strengthen, simplify and shorten due diligence workflow and processes; protect against reputation damage; and reinforce customers' compliance programs.

CPL's evidence-based legal entity information combined with RDC's decision-ready intelligence and world-class risk and compliance data will enhance financial institutions' existing compliance programs ensuring: Anti-Money Laundering (AML)/Know Your Customer (KYC) compliance; Politically Exposed Persons (PEP) protection; emerging market intelligence; corruption, fraud and crime protection; vendor screening and monitoring; and credit risk monitoring.

RDC, which houses the world's largest database of risk relevant records compiled from open-source information, is offered through CPL's leading legal entity intelligence service. This enhanced service provides immediate access to hierarchical structures - across jurisdictions - flagging banned or suspect entities, strengthening fraud protection and offering best-in-class due diligence.

"Our collaboration with RDC is another example of CounterpartyLink's ongoing commitment towards adopting and sustaining industry standards across the entire global legal entity data industry." said James Redfern, Managing Director, CounterpartyLink. "Collecting, validating, maintaining and delivering up-to-date information on entities and directors, and performing due diligence checks are time-consuming and duplicative tasks for financial institutions," says Redfern. "By adding RDC's comprehensive database, customer on-boarding is more agile and the high costs associated with implementing anti-money laundering regulations are reduced."

Financial institutions are continually pressured to improve efficiencies whilst gaining compliance with regulatory standards. CPL delivers the industry's leading evidence-based, legal entity intelligence, and is further helping institutions around the world to meet with ongoing regulatory and customer demands through sanctions screening.

"Proactive screening and monitoring of legal entity data is paramount in today's regulatory environment." said Rupert de Ruig, Managing Dir Director, EMEA & APAC, RDC. "Combining CounterpartyLink's information with RDC's global risk-relevant database will ensure financial institutions meet AML & KYC regulatory requirements and are alerted to potential commercial or reputational risk".

Established in 2005, CounterpartyLink reflects a vast experience in the legal entity data industry. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Find out moreFind out moreFind out more

Who is commenting?

Top topics

Most viewed Most shared
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8966 views comments | 26 tweets | 32 linkedin
hands typing furiouslyThe day I realized Fintech was becoming ju...
8948 views 2 | 24 tweets | 9 linkedin
Robo-advisors not ready to replace humans - Credit Suisse execRobo-advisors not ready to replace humans...
8679 views comments | 19 tweets | 18 linkedin
China emerges as fintech powerhouse as UK dominance weakensChina emerges as fintech powerhouse as UK...
8381 views comments | 31 tweets | 27 linkedin
Facebook Messenger adds PayPal support for bot paymentsFacebook Messenger adds PayPal support for...
7993 views comments | 28 tweets | 22 linkedin