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: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
The use of accurate, complete and timely entity data and modern entity data management solutions can be the difference between regulatory compliance and penalties for non-compliance, doing business with the right or wrong customers, and complying with sanctions and Politically Exposed Persons (PEPs) requirements or breaching these and incurring eye-watering financial fines and reputational damage....
This briefing 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...