LexisNexis Risk Solutions

LexisNexis Risk Solutions offers a range of financial crime compliance and risk management solutions designed to help businesses navigate the complexities of evolving regulatory requirements and financial crime risks. The solutions leverage advanced analytics, machine learning and AI technology combined with unparalleled global identity intelligence to provide a more comprehensive view of customer and third-party risk.

Some of the key features of LexisNexis Risk Solutions include:

• Customer Identification Program (CIP): Helps businesses accurately identify customers and third-party entities.
• Customer Due Diligence (CDD): Offers actionable risk intelligence for Know Your Customer (KYC), vendor risk assessment and third-party vetting.
• Watchlist Screening: Helps businesses identify high-risk individuals and entities.
• Trade Compliance: Helps businesses comply with global trade regulations.
• Ongoing Monitoring: Continuously updates risk profiles to reflect changes in circumstances.

LexisNexis Risk Solutions also offers customizable tools to provide dynamic insights so businesses can quickly make informed decisions. The platform draws from a vast database of more than 5 million structured profiles of individuals and entities, covering more than 60 risk categories. This broad coverage helps businesses stay on top of emerging financial crime threats and navigate the complexities of regulatory compliance.

The solutions are designed to improve workflows across the customer lifecycle, focusing on key sanctions and global financial crime compliance requirements. This includes Bank Secrecy Act (BSA) and Anti-Money Laundering (AML), Anti-Bribery and Corruption (ABC) and Economic Sanctions compliance.

LexisNexis Risk Solutions is geared for financial institutions, corporations and other businesses looking to improve their financial crime risk management and compliance. By offering structured global risk intelligence, the solutions help businesses comply with key elements of anti-terrorism and money laundering laws, such as the USA PATRIOT Act and Financial Crimes Enforcement Network (FinCEN) guidelines.

Pricing information is not publicly available, but businesses can contact LexisNexis for customized pricing and implementation details. Overall, LexisNexis Risk Solutions is a powerful suite of tools for financial crime compliance and risk management, helping businesses quickly identify and mitigate financial crime risks while maintaining a positive customer experience.

Published on August 1, 2024