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Moody’s Warns of Rising Threats from Unethical Operators: Check Your Compliance
A new wave of financial crime is sweeping the globe, with unethical operators using sophisticated tactics to evade detection and compromise businesses. To protect your organization’s reputation and avoid costly fines, it’s essential to stay ahead of these threats by implementing robust compliance checks.
Automate KYC and AML: Minimize Manual Tasks
By leveraging powerful software and robust data, organizations can streamline their compliance processes and reduce the risk of human error. Moody’s solutions enable businesses to coordinate customer due diligence, conduct KYC, and manage AML compliance according to their risk policies.
Intelligent Screening: Boost Efficiency and Precision
Moody’s AI-driven screening technology pairs extensive data on adverse media, sanctions, watchlists, and Politically Exposed Persons (PEPs) to enhance precision, reduce false positives, and boost efficiency. The advanced, customizable name-matching search filters, combined with expert analysts, offer tailored risk identification and support.
Beneficial Ownership: Achieve New Levels of Certainty
With detailed global data on companies and ownership structures, including PEPs, sanctions, and adverse media data, Moody’s solutions enable organizations to establish corporate transparency and a true understanding of risks associated with third-party entities.
Sanctions Screening: Go Beyond Traditional Watchlists
Moody’s comprehensive database of individuals and organizations linked to sanctioned entities helps businesses understand who is subject to sanctions, including those sanctioned through indirect ownership and control. This information can be seamlessly integrated into automated monitoring workflows.
Supplier Due Diligence: Protect Your Supply Chain
Effective third-party risk management (TPRM) requires a unified approach to onboarding and risk monitoring across the counterparty network. Moody’s solutions automate supplier due diligence activity, providing greater visibility of risks associated with third parties in your supply chain.
To stay ahead of the rising threats from unethical operators, organizations must prioritize compliance checks and implement robust risk assessment processes. By automating KYC and AML, conducting intelligent screening, verifying beneficial ownership, screening for sanctions, and performing supplier due diligence, businesses can protect their reputation and avoid costly fines.
Get in Touch
Interested in learning more about Moody’s solutions? Speak to our team today to discover how we can help you stay compliant and secure your organization against financial crime.
News and Views
- The constantly evolving battle with financial crime: The infinite game
- The complexities of a shell company operation
- PEPs screening using integrated risk assessment
- Moody’s research reveals low public understanding of Politically Exposed Persons (PEPs)
- Financial fraud – a fight on many fronts
- Media interview: The impact of money laundering for the wider economy
- Money laundering 101: How criminals launder money
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