With over 10,000 pieces of information per third party and a large update stream every minute, KYC and KYS analysis requires automated solutions that allow compliance analysts to focus on analysing data, not collecting it.
The lack of internal compliance resources can put up considerable obstacles to properly implementing anti-corruption (Sapin 2 law in France) and anti-money laundering and terrorist financing (AML-FT / AML 5) processes. However, these processes are vital in a context where fraudulent activities are increasing rapidly, taking advantage of companies’ lax approach to compliance. Corporate identity theft for fraudulent activities, scams (e.g. false sales of masks, medical equipment or services and treatments), fraudulent bank messages, etc. Integrating compliance into the company’s entire value chain is crucial for companies subject to this law.
The key to effectiveness lies in integrating compliance technology solutions into production processes, thereby aggregating knowledge, skills and information accuracy.
54%* of financial and corporate institutions estimate that creating a new third party can take between three and six days.
*The research for this study was undertaken by Censuswide, a respected independent research company. Responses were collected from 100 compliance, legal and operations professionals within UK banks and financial institutions.
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For Altares, taking action against fraud is a real challenge for society. Every due diligence carried out means a crime avoided and companies and jobs saved. Each of us has a major societal role: to ensure that, on a daily basis, we act to reduce the vulnerability of our companies and administrations to criminals. In doing so, we will increase the confidence necessary for public and private investment, the strengthening of economic ecosystems and thus the integrity of our society.
Altares Compliance solutions address your compliance challenges in different ways via web, API or file access, and for different departments such as legal, compliance or procurement.
Altares Compliance solutions address your compliance challenges in a variety of ways via web, API or file-based access, and for different departments such as legal, compliance or procurement.
indueD facilitates your due diligence, for an optimised compliance of your business relations portfolio. Integrating the latest compliance regulations and thanks to dynamic data visualisation, indueD makes your compliance issues a reliable, simple and fast process. indueD is aimed at all sectors of activity exposed to compliance issues: banking & insurance, industry, distribution, etc., and more particularly at resource and purchasing departments.
Do you need quick access to official company documents ? You need to be sure of the origin of the document? It’s easy with inDoc!
Simply place your order, via the DUNS Number (or via a manual search) inDoc provides you with official company documents, by email, in less than 1 hour* in a large number of countries, facilitating your due diligence.
Altares – Dun & Bradstreet assists you in producing your reporting statements in accordance with the requirements of the European Central Bank.
With UBO Factory, access our database which lists all the beneficial owners (UBO / BE) and official statuses of 10 million French companies. Are you concerned by the 5th European Directive on the fight against money laundering and terrorist financing? You wish to carry out your Due Diligence? We collect information for you from official sources.
DUNS 4 LEI allows you to comply with MIFID II regulations by updating your LEI database. Precisely identify your counterparties thanks to an exclusive matching with the D-U-N-S Number.