With clients around the globe benefiting from our valuable services for due diligence and research purposes, we often get asked about the impact of our work and how we help our customers. To that end, we have worked with some of our clients to showcase how our solutions have helped them. These case studies are now featured in a series of posts.
This leading international oil and gas company provides customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and petrochemicals products. With a highly ethical approach to its business, they are committed to complying with all international trade restrictions, export controls and anti-boycott laws as well as anti-money laundering legislation.
Group-wide anti-bribery and corruption policies cover activity conducted directly or through intermediaries or third parties. The role of monitoring relationships is therefore very important to ensure transparency in all dealings.
Using Lexis® Diligence, they can access targeted media insight that goes beyond the public domain; global news archive, company information, legal history, biographies, sanctions, PEPS and watch lists. Lexis Diligence brings together all the intelligence they need – through one interface – to conduct consistent due diligence and comply with anti-money laundering and anti-bribery regulatory requirements.
Daily alerts keep the KYC and MLRO teams up to date with relevant new information on a particular company or individual. The Head of KYC & MLRO explains:
“The alert system has enabled us to carry out constant checks on companies that we are working with. This has been a very valuable addition to our capabilities, providing access to up to date information to review business relationships regularly.”
Complying with due diligence requirements is vital to any business. Lexis Diligence has enabled this company to efficiently comply with their anti-bribery and corruption policies without the need for additional staff resources, safeguarding both their reputation and costs.
Efficient due diligence processes like this isn’t just limited to high profile global organisations; businesses of all sizes can take advantage of Lexis Diligence to monitor their risk. If you feel like Lexis Diligence could help you keep on top of your anti-bribery & corruption requirements, you might benefit from a consultation with one of our specialists.
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