Complinet has signed a global contract with Reuters that will allow Reuters DataScope Select users to screen selected entities against international sanctions lists, watch lists and other information that can help them comply with counterparty and Know Your Customer regulations. The deal follows the recent tie-in between the two companies that established Complinet as Reuters’ source for embedded sanctions lists (Reference Data Review, May 2007). Under the latest agreement, Complinet will provide Reuters’ Enterprise Information group with a screening capability based on its Global Screening technology platform and drawing on its extensive database of international sanctions and watch lists from more than 11,000 sources and 120 sanction lists and enforcement records from bodies across the globe.
A-Team Insight Blogs
Reuters DataScope Select Adds Complinet Screening Capability
Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking
Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...
Refinitiv has integrated World-Check and the EPIC platform from GIACT, which it acquired late last year, behind a single API, bringing together the former’s risk intelligence data and the latter’s ability to positively identify and authenticate customers in the fight against fraud and risk-related threats. “For over a decade, legacy solutions have failed to adequately...
This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...