Compliance Solutions
// KYC - Know Your Customer
How can I access up to date commercial data to support my KYC strategies?
In most of the regions in the world, there are regulations against the money laundering and terrorism financing. European Union Third Directive outlined the transfer of the basic needs according to local laws of member countries of European Union. Businesses subject to these regulations are responsible for undertaking the detection controls of their business partners.
D&B is the only service provider that presents the International KYC reports as an online summary. These reports are focused to meet legal necessities for simplified due diligence.
Unlike the other business information reports, focus of “D&B International KYC Report” is data required for compliance and it includes the identification control as a legal necessity:
- Commercial and registered addresses, detailed contact information
- Registration number and D-U-N-S® Number
- Company name based penalty controls
- Business structure (domestic and international principal shareholder, partnership and detailed family tree with only one click)
- Stock exchange acceptance forms and additional verification with matching against regulatory lists
