As Regulatory Requirements Evolve, Robust Data and Configurable Services Are Key
Businesses are constantly in need of comprehensive services that provide deeper insights to help mitigate risk and meet regulatory requirements. Organizations must truly know their customers, vendors and employees as they attempt to balance risk with profitability. Thus, there’s a continuous need for improved strategies to help businesses effectively manage Anti-Money Laundering (AML) and Know Your Customer (KYC) programs.
These strategies can help mitigate risk by identifying high-risk individuals and businesses associated with white collar crime, terrorism financing, money laundering and other unusual activities.
A Need for More Efficiency
Often businesses are manually reviewing flagged accounts one at a time, which can be time-consuming and unproductive – especially when accounts are constantly under review. Businesses need more streamlined processes to help reduce resource constraints related to manual reviews. In addition, they need configurable options with access to global data sources to help with real-time account opening decisions and monitoring portfolios for subsequent changes.
Get Relevant, Configurable Services with Equifax
Equifax understands these challenges and needs. In fact, we’ve expanded our compliance offerings to help meet these requirements. We’re excited to unveil this updated offering at the ACAMS Annual AML & Financial Crime Conference in Las Vegas on Sept. 26-28. Visit us in the exhibit hall at Booth 103 to learn how we leveraged our technology and data to create configurable solutions that help you manage complex compliance requirements.
We recognize that each organization is unique in its compliance and risk management requirements. Get robust global data, customizable Search/Match functionality and flexible technology for real-time insights to help mitigate regulatory risk and safeguard against non-compliance with Equifax.
Not attending the ACAMS Annual Conference? Keep visiting the blog, or contact us for more exciting news on our updated compliance offering.
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