Financial Crime World

Title: ABC Model of Anti-Money Laundering in Croatia: How LexisNexis Risk Solutions is Fortifying Compliance

Solution to Financial Crimes Compliance in Croatia

In the ever-changing climate of global financial crimes and complex regulatory landscape, businesses in Croatia are increasingly turning to advanced solutions to effectively combat financial crimes risk. One such solution is provided by LexisNexis Risk Solutions, a leading provider of financial crime risk management and compliance solutions.

Efficient Assessment of Financial Counterparty Risk

LexisNexis Risk Solutions offerings help businesses to efficiently assess financial counterparty risk, providing definitive sources of data and documents to accurately identify entities and assess their risk levels. These solutions significantly reduce the cost of compliance and streamline financial counterparty onboarding times, enabling companies to focus on their core business operations.

Compliance Solutions Tailored to Specific Industries

LexisNexis Risk Solutions offers Financial Crime solutions tailored to meet the specific requirements of various industries, including:

  • Anti-Bribery and Corruption (ABC)
  • Bank Secrecy Act (BSA) and Anti-money laundering (AML)
  • Customer Due Diligence (CDD)
  • Economic Sanctions

By providing structured global risk intelligence in user-friendly formats, businesses can streamline their compliance processes and adhere to key regulations.

Staying Informed and Ahead of Evolving Risks and Regulatory Requirements

As financial crimes regulations continue to evolve and new challenges emerge, businesses rely on LexisNexis Risk Solutions to keep them informed. Their comprehensive risk intelligence coverage includes individuals and entities in over 5 million structured profiles with exposure to 60 risk categories and subcategories, such as:

  • Global sanctions
  • Enforcement actions
  • Politically Exposed Persons (PEPs)
  • State-owned enterprises
  • Registration lists
  • Adverse media

This intelligence is continuously updated to reflect the most recent global risk realities.

Balancing Compliance with Business Operations

LexisNexis Risk Solutions’ solutions enhance workflows across the customer lifecycle without disrupting day-to-day business. They provide advanced identity intelligence, cross-industry analytics, intuitive linking, and innovative technologies. These features help businesses to effectively determine and prioritize customer risks, increasing operational efficiencies and achieving greater cost synergies.

Global Commitment to Combat Financial Crimes

Backed by 20 years of experience and a strong commitment to combating financial crimes, LexisNexis Risk Solutions is trusted by seven of the world’s top ten banks, the top 50 banks in the US market, and has processed over 140 billion sanction screens in 2019. With a proven track record and a comprehensive solution offering, LexisNexis Risk Solutions empowers its clients to achieve more effective financial crime risk management and compliance.

Subheadings

  • Overview of financial crimes risks in Croatia
  • How LexisNexis Risk Solutions combats financial crimes in Croatia
  • Enhancing workflows and maintaining regulatory compliance
  • Compliance solutions for various industries
  • Staying informed and ahead of evolving risks and regulatory requirements
  • Client success and trust in LexisNexis Risk Solutions

Bullet Points

  • Businesses in Croatia are turning to advanced solutions to effectively combat financial crimes risk
  • LexisNexis Risk Solutions provides solutions for efficient assessment of financial counterparty risk
  • Compliance processes can be streamlined and key regulations conformed to
  • LexisNexis Risk Solutions offers tailored Financial Crime solutions for specific industries
  • Global risk intelligence is provided in user-friendly formats for businesses to stay informed and ahead of changing risks and regulatory requirements
  • Their solutions enhance workflows across the customer lifecycle without disrupting day-to-day business operations
  • They have a proven track record and trust from major banks and financial institutions.