Screen and monitor your business partners and automate compliance decisions
Corporate compliance is more complex than ever in the current business landscape. Information is dispersed across multiple sources and manually managing it slows you down and increases the risk of error. D&B Onboard provides a single point of access to information and tools for better and more efficient corporate compliance management.
Performing Client Due Diligence (CDD) is extremely important for fraud prevention in banks. This includes undertaking enquiries, completing records, maintaining records for new business, track name changes, transfers of interest, changes in structure, and evaluating AML risk
Ensuring CDD is carried out in line with AML regulations, Company Guidelines and Policies
Producing, reviewing and remediating AML reports for board
Keeping up to date with AML legislation, guidance, and relevant jurisdiction
Assisting with roll out of staff training for AML/Combating the Financing of Terrorism (CFT)
Consideration and submission of Suspicious Activity Reports
Authorizing new accounts, account changes, and payments where links to Politically Exposed Persons (PEPs) have been identified
Investigating specified anti-money laundering referrals made by business areas
Corporate compliance management requires authorizing new accounts, account changes, and payments where links to PEPs have been identified
Investigation of specified anti-money laundering referrals made by business areas
Checking for any potential cases of fraud against Prospective or existing Suppliers / Customers
Conducting research for equities, fixed income, loans, capital markets, broking, trading and other financial services departments
Reviewing diverse sources of information for answering research requests
Conducting local and international legal and non-legal research
Conducting research and preparing reports on clients, potential clients, peer groups/comparables, and industries/sectors
Preparing diligence materials including pitch books, teasers, introductory emails, presentations, information memorandums, and data rooms
Interacting with investors/ acquirers/ partners on client mandates, including identification, communications and negotiations
Project management of the deal execution process including negotiations, documentation, diligence, and managing 3rd party advisors
D&B Onboard gives you the power of the Dun & Bradstreet Data Cloud - the broadest and deepest set of commercial data and analytical insights on hundreds of millions of businesses and other commercial entities around the globe, informing intelligent actions that deliver a competitive edge. From the Dun & Bradstreet Data Cloud we derive Live Business Identity, which aggregates all the information provided for any given entity within the Data Cloud. Live Business Identity is uniquely “Dun & Bradstreet” and with it, customers can be confident they have the most comprehensive and continuously updated view of their business relationships. Get robust firmographic, operational and financial data and checks against OFAC, AML, PEPs watchlists and other compliance sources at your fingertips, so that you can assess the credibility and trustworthiness of an entity.
There is a tidal wave of regulations governing how companies conduct business and partner with others in the ecosystem. While companies are adequately resourced to design programs and provide the right type of compliance training for employees and third-parties, enforcing compliance at scale is another matter. Increasing regulatory vigour and scrutiny by consumers and other stakeholders makes the case for improved corporate transparency even more strong. D&B Onboard provides robust firmographic, operational and financial data, and screens entities based on more than 400 watch lists including Office of Foreign Assets Control (OFAC), Anti-Money Laundering (AML) and Politically Exposed Persons (PEPs) so that you always stay on the right side of the law.
A. Corporate compliance has become more essential than ever in today’s constantly evolving and uncertain business environment. Not adhering to compliance can result in huge fines for an organisation along with long lasting reputational damage. Therefore, it is imperative that companies stay on the right side of the law.
A. Compliance risks may come in various forms. They can be internal as well as external. External risks can arise from money-laundering, politically exposed persons, cases of fraud and much more. Often these risks are hidden thereby putting your company’s reputation at stake. D&B Onboard helps you identify any such red flag so that you can stay on the right side of the law, always.
A. Yes. All companies should have a compliance management software. This not only helps reduce manual errors, but also helps in automating several compliance related onboarding decisions. D&B Onboard brings multiple sources of data under one single platform so that your teams don’t have to manually search for them. This way, they can spend more time helping in the growth of the business.
A. D&B Onboard can be used as the single source of trust for all compliance related tasks. It frees you from the requirement of multiple data providers. This way you can easily vet your third-party engagements under one platform. We have hundreds of watchlists and sanctions lists, over two hundred thousand Politically Exposed Persons (PEPs) and thousands of news sources to identify any adverse media coverage.