Financial Crime World

Puerto Rico Fights Financial Crime with Know Your Customer Compliance

As part of its efforts to combat financial crime and terrorism, Puerto Rico is implementing strict measures to ensure that organizations comply with Know Your Customer (KYC) regulations.

Strengthening KYC Compliance with World-Check

To help businesses meet these requirements, Refinitiv has developed a comprehensive solution called World-Check. This solution provides organizations with the tools they need to conduct thorough due diligence on their customers, partners, and suppliers.

Features of World-Check

  • Screens against a vast database of over 600 sanction, watch, regulatory, and law enforcement lists
  • Identifies global Politically Exposed Persons (PEPs) and individuals with heightened risk profiles
  • Offers multi-language search capabilities, including Traditional and Simplified Chinese
  • Provides audit trails and recordkeeping functionality to ensure compliance and transparency

Streamlining Compliance with Refinitiv’s Screening Resolution Service

Refinitiv’s screening resolution service can even handle the screening and remediation process for organizations, freeing up resources and reducing the burden of compliance. This service includes:

Enhanced Due Diligence Reports

World-Check also provides Enhanced Due Diligence reports that provide a structured approach to identifying and checking Ultimate Beneficial Owners (UBOs) of important third-party entities. These reports include features such as:

  • Shareholder threshold checks
  • Ownership level assessments
  • Multilingual screening capabilities

Accessing Global Risk Intelligence with Refinitiv’s Research Analysts

Refinitiv’s research analysts are located in offices around the world, providing exclusive access to global risk intelligence.

Special Promotions for Puerto Rico Organizations

In light of the importance of KYC compliance in Puerto Rico, Refinitiv is offering special promotions for organizations in the region. To learn more about World-Check and how it can help your organization comply with KYC regulations, please contact Refinitiv at [phone number] or complete the form on their website.

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