Anti-Money Laundering Solutions

Confident business decisions begin with clear risk insight

LexisNexis® delivers leading anti-money laundering (AML) expertise, proven KYC, CIP and BSA compliance tools and enhanced due diligence solutions to help your business:

• Complete identity verification
• Accelerate customer onboarding
• Automate due diligence and customer monitoring
• Simplify investigative research
• Mitigate risk and strengthen compliance

Our easy-to-use online solutions combine the depth of billions of public and private records with proprietary linking technology, intelligent analytics and scoring to support comprehensive due diligence:

• Assess AML and BSA risk across your customer base
• Examine critical connections between people and assets
• Prioritize risk reporting
• Streamline audits and examinations

Intelligent, robust reporting works seamlessly with your existing systems to provide flexibility and the highest levels of security and trust. Our integrated Anti-Money Laundering Solutions deliver actionable results that help you know your customers inside and out, identify AML and BSA risk, strengthen AML compliance and protect your business.

Get it now: For more information about the LexisNexis® Anti-Money Laundering Solutions, please call 800.869.0751.

Location, authentication, investigation

The LexisNexis® Anti-Money Laundering Solutions verifies essential information about people, businesses, and assets so you can complete key CIP, KYC, BSA requirements, make confident decisions and stay focused on growing your business.

People

Our intelligent Anti-Money Laundering Solutions streamline customer onboarding and CIP and KYC requirements by instantly authenticating identities and verifying professional licenses, marriage and divorce records, and criminal history records. It helps you locate all current and past addresses, as well as telephone numbers. It alerts you to any indicators of fraud by identifying potentially high-risk data elements and alerts. It can also track down phone numbers not currently found in Electronic Directory Assistance—including cellular and unlisted numbers—and link millions of individuals to their places of employment.

Businesses

The LexisNexis® Anti-Money Laundering Solutions helps you understand who you do business with and identify potential risk by verifying the identities of businesses and their authorized agents and helping quickly pinpoint information on millions of businesses. You can access both active and inactive records of incorporation, as well as pending filings, UCC liens, limited partnerships, limited liabilities, DBAs, incorporations, and Dun & Bradstreet and Experian business information.

Assets

Our Anti-Money Laundering Solutions gives you direct access to critical information about assets, including real and personal property records plus records of such key events as incorporations, liens, bankruptcies, judgments, motor vehicles, and boat and aircraft registrations.

Negative News searches

Not all the important information about a person appears in a public record; deeper due diligence demands a more comprehensive perspective. Anti-Money Laundering Solutions searches thousands of news sources for any negative content that might shed further light upon a specific person or business entity. It allows you to select a specific range of dates so your research can focus on a particular period of time.

Comprehensive information about connections and relationships

Automate due diligence with a single, comprehensive and fully cross-referenced solution that helps you quickly locate and associate links between people, businesses, assets, and locations through a variety of easy-to-understand subject summaries and broader detailed views.

Intelligent search technology

Anti-Money Laundering Solutions employs sophisticated, flexible search technologies to optimize each investigation. You can start your search with any piece of the puzzle. There are no mandatory search fields and searches on elements like names of individuals, cities, streets and nicknames are further enhanced by phonetic "sounds like" technology. Reverse telephone look-ups identify cellular and non-published numbers.

Get it now: For more information about LexisNexis® Anti-Money Laundering Solutions, please call 800.869.0751.

To maximize fraud prevention, we also offer the following companion products:

InstantID®

LexisNexis® InstantID® searches both business and consumer records to authenticate companies and individuals, and identify any potential risks associated with them.

Comply with CIP regulations

The InstantID solution was designed to help you follow the recommended policy guidelines published by the American Bankers Association (ABA)—in fact, it is the only identity verification solution endorsed by the ABA. It also helps you meet the new account opening requirements that are outlined in Section 326 of the USA PATRIOT Act.

Prevent identity fraud

InstantID combines verification, validation, and fraud detection tools to instantly authenticate businesses and individuals. It searches both business and consumer records and returns information that verifies a person's identity and alerts you to any indicators of potential fraud.

FraudPoint®

LexisNexis® FraudPoint® is a highly efficient scoring and identity data solution that greatly enhances your ability to predict and prevent fraud even as you identify and approve profitable customers.

Fraud risk—ranked and scored with precision

By catching inconsistencies in applicant and account information, FraudPoint® reveals fraud characteristics not evident in standard verification and validation processes. An easy-to-interpret, three-digit score ranks individuals according to their calculated risk to commit fraud, thus simplifying your decision-making process. Our sophisticated modeling and analytics can give you added confidence to accept or deny customers.

Office of Foreign Assets Control (OFAC) Screening

LexisNexis® OFAC Screening offers an efficient, cost-effective way to make sure your business is fully compliant with OFAC regulations.

Streamline your OFAC compliance

OFAC Screening's advanced search capabilities quickly and automatically scan your customer names and alert you to any potential matches. It can investigate former names, aliases, or anything else in a customer’s record indicative of risk.

Search for International alerts

OFAC Screening allows you to scan customer names against International watch lists like the Bank of England List, and the Bureau of Industry and Security (BIS) Export Control List.

Get it now: For more information about LexisNexis® Anti-Money Laundering Solutions, please call 800.869.0751.

White Papers

1. Navigating the PEP Landscape
   Part I: Understanding Your Obligations
   

   Understanding and complying with the complex U.S. laws and regulations that govern PEP policies and deciding which customers are risky can be difficult tasks. In this part one of a three-part series, we will break down the process step-by-step.

2. Navigating the PEP Landscape
   Part II: Assessing the Risks
   

   Part two of the Navigating the PEP Landscape series focuses on assessing the risk of doing business with a PEP which boils down to evaluating the individual's risk for money laundering. Learn more about risk assessment guidelines and AML risk-assessment solutions.

3. Navigating the PEP Landscape
   Part III: Overcoming the Pain Points
   

   Part three of the Navigating the PEP Landscape series focuses on challenges involved in screening and matching PEPs. Once a PEP is identified learn more about how you can better determine whether you have a valid match and how to reduce false positives.

4. International ACH Transactions (IAT) Frequently Asked Questions
   An FAQ on International ACH Transactions (IAT) to help you comply with the new rules. LexisNexis® teams up with NACHA to provide this helpful document.

5. Emerging Anti-Money Laundering Risks to Financial Institutions
   

   Every financial institution is charged with the responsibility of developing policies and procedures to combat money laundering, which includes the duty to be aware of trends and adaptations in the methods by which money laundering is carried out. The most difficult aspect of this responsibility is a financial organization's ability to anticipate new criminal behavior and to proactively implement protocols before the criminal behavior occurs. It's like trying to guess what previously unknown disease will be the greatest threat to life next week or next year. In truth, much as the emergence of a new disease frequently determines the direction of medical science, it is often the money launderer who determines the course the industry takes to restrict criminal money laundering activity.
   

   With this in mind, this white paper will briefly describe the principal organizations involved in determining money laundering policy and procedures and will focus on emerging money laundering risks facing the financial services industry. LexisNexis® has been a leader in AML and the development of automated solutions to combat this growing challenge.

6. Concepts in Customer Due Diligence: Meeting the Challenges of Regulatory Expectations
   

   Customer due diligence is one of the best defenses a financial institution can maintain to guard against the dangers of money laundering and other financial crimes. Sometimes referred to as "knowing your customer," customer due diligence encompasses other aspects of an AML (Anti- Money Laundering) program, such as customer identification and enhanced due diligence (EDD). Moreover, the need for customer due diligence is integral to suspicious activity reporting requirements because the data collected during the CDD process gets transferred to the report. Learn more about the topic by downloading the white paper.

   
   

Get it now: For more information about LexisNexis® Anti-Money Laundering Solutions, please call 800.869.0751.

"LexisNexis has really enabled us to continue to open accounts very quickly and smoothly…without any kind of delays in the account opening channels. LexisNexis allows us to tailor our client experience..."

Marc Geeting
BB&T Corporation
Bank Secrecy Act (BSA) Officer

Get it now: For more information about LexisNexis® Anti-Money Laundering Solutions, please call 800.869.0751.