Bankers Almanac Regulatory Views

Improve clarity on KYC risks with Bankers Almanac Regulatory Views.

For KYC and Correspondent Banking professionals within Financial Services who are using disparate systems and sources of information to assess and onboard new financial counterparties and review existing relationships.

Bankers Almanac Regulatory Views comprises of two new complimentary products – Bankers Almanac Sanction View and Bankers Almanac State-Owned Enterprises View.

By combining comprehensive regulatory, sanctions and state-owned enterprise (SOE) data from Global WatchList® with Bankers Almanac’s unique coverage of the world’s banks, Bankers Almanac Regulatory Views provide greater insight into potential risk in support of Know Your Customer (KYC) due diligence activities.

Since the financial crisis, regulators across the world have continued to increase pressure on financial institutions to know their customers and any indirect risks associated with them. This, in turn, has led to compliance teams having to undertake ever more time-consuming – and often manual – research and cross-referencing of complex intelligence, regulatory data and lists in order to identify potential risk within their relationships.

Bankers Almanac Regulatory Views aims to help financial institutions simplify and potentially reduce the cost of financial counterparty KYC. By providing early first sight of potential risk and identifying entities that require additional investigation faster, it saves time and effort in the on-boarding or review process, delivering a greater degree of certainty as to who a bank’s counterparties, their owners and subsidiaries really are.

As a valuable enhancement to the process of on-boarding new counterparties and reviewing existing business partners, this premium enhancement to the Bankers Almanac suite of products helps identify potential risk for further investigation even before comprehensive formal screening activities are initiated.

Key Features

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With key features including:

  • Primary regulatory lists sourced from more than 50 regulatory bodies, compiled from verified international sources, matched against the over 23,000 banks detailed in Bankers Almanac
  • Potential matches flagged in ownership graphs and group structure summaries, allowing the swift identification of risk within in a bank’s ownership structure that may otherwise remain undiscovered without additional time-consuming manual research
  • Changes to data is monitored by Accuity’s compliance data team to a rigorous methodology, ensuring the data remains up-to-date and of the highest quality
  • Effective assessment of false positives through clearly displayed match rankings and matched data views
  • Access to complete regulatory list entries matched to Bankers Almanac entities, allowing the review and export of relevant reports for more detailed investigation.

As part of the Bankers Almanac for Risk and Compliance suite of products, Bankers Almanac Regulatory Views are available to purchase as a premium enhancement to both Bankers Almanac for Counterparty KYC and Bankers Almanac Due Diligence Repository online services.