Bankers Almanac: Due Diligence

Bankers Almanac: Due Diligence offers a single source for information and documentation to support your counterparty due diligence efforts and help you reduce the manual time spent searching and collating information on counterparties.

Bankers Almanac: Due Diligence can be used individually or in combination with Bankers Almanac: Counterparty KYC, to further enhance your KYC activities by giving you access to vital banking intelligence, including ownership and AML policy and procedures documents.

With the comprehensive intelligence provided by Bankers Almanac: Due Diligence, you can:

  • Reduce the burden of compliance with quick and easy access to the documentation you need
  • Monitor changes to your correspondent banking portfolio’s documents
  • Reduce the time you take to on-board new banking counterparties
  • Improve the efficiency of your counterparty reviews and risk assessments

Bankers Almanac takes a proactive approach to maintaining relationships with submitting banks. By keeping in regular communication with named points of contact, we ensure the accurate and timely collection of the data and documents needed to fulfil your KYC due diligence requirements.

By subscribing to Bankers Almanac: Due Diligence you receive trusted KYC information that is easily downloadable to support your audit requirements, meaning your employees can focus on making decisions instead of wasting time with manual enquiries.

Developed in association with the Wolfsberg Group*, the documentation held in Bankers Almanac: Due Diligence is proactively researched and maintained by a dedicated team of over 140 data analysts, covering 20 languages, located throughout the world. They follow a rigorous methodology to provide data directly sourced from the world’s banks. This information helps you make key business decisions, assess the potential risk of on-boarding new correspondent partners, and ensure regulatory compliance.

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Benefits of Bankers Almanac Due Diligence

Bankers Almanac Due Diligence | Checks on correspondent counterparties

Our dedicated team of 140 data analysts, operating in 20 languages, use their expertise to actively research, expand and maintain our records. Focusing not only on annual updates, they continuously monitor the industry for corporate actions such as mergers and acquisitions, and proactively request new or updated documents to ensure the accuracy of the content we provide.

Bankers Almanac: Due Diligence offers more than 630,000 completed and date stamped KYC documents, including:

  • Licences – general, banks and offshore
  • Corporate governance documents
  • Anti-money laundering controls
  • US PATRIOT Act certificates
  • Foreign Account Tax Compliance Act (FATCA) documentation
  • Annual reports

The service also includes the latest version of the Wolfsberg Group Correspondent Banking Due Diligence Questionnaire (CBDDQ), the new enhanced industry standard for financial counterparty KYC.

the wolfsberg group

*The Wolfsberg Group consists of the following leading international financial institutions: Banco Santander, Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase, MUFG Bank, Société Générale, Standard Chartered Bank, and UBS. The Group aims to develop financial services industry standards and related products, for Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies.