Regulatory Due Diligence

What is regulatory due diligence?

With today’s businesses under increased pressure to meet ever-evolving regulatory requirements, you want to make sure your organisation remains compliant – now and into the future.

Regulatory due diligence should be part of your overall due diligence activities and is a process for comprehensively assessing the compliance status of your own organisation and those with which you do business. Typically, these assessments involve extensive background research and documentation review so you can:

• reveal previously unknown issues
• mitigate risk
• understand your regulatory obligations
• verify that the third parties you work with are legitimate and sound
• evaluate potential impact to your business
• correct issues

Failure to conduct thorough regulatory due diligence can result in personnel, reputational, legal and financial problems and may even have criminal implications for your organisation. Thus, it’s a good idea to regularly conduct regulatory audits and solidify your company’s regulatory due diligence practices.

Essentially, regulatory due diligence provides you with a clear view so you can navigate today’s complex regulatory landscape and safely, successfully and confidently move your business forward.

Nexis Diligence+™

Nexis Diligence+™ is an essential tool in your regulatory due diligence arsenal. Under one umbrella, it brings together all the business intelligence you need to conduct thorough regulatory due diligence and ensure you’re compliant with anti-money laundering (AML) and anti-bribery and corruption (ABC) codes of practice. It allows you to perform comprehensive research to investigate and monitor third parties, customers and other entities with whom you do business.

With Nexis Diligence+™, you have access to an unrivalled collection of global news and information, including:

• more than 150 premium business information databases
• millions of public and private company profiles covering both developed and emerging markets
• politically exposed person (PEP) lists, international sanctions lists and watchlists
• more than 26,000 current news sources from newspapers, blogs, and newswires, as well as an archive going back 40 years
• the LexisNexis® database of international court cases and decisions
• risk-analysis reports
• more than 500 biographical sources and executive profiles

The tool also boasts a built-in report builder that generates customised time- and date-stamped reports so you can validate your ongoing compliance efforts in the case of a regulatory audit.

Nexis^® Entity Insight

Global supply chains, partners, vendors and other business relationships, though often critical to your organisation, also increase your exposure to regulatory risk. If you lack the information on and insights into who you’re doing business with, you open your organisation up to serious threats.

To ensure you meet regulatory compliance requirements and protect your business alongside this complex network of third parties, you need a tool such as Nexis^® Entity Insight. With this risk monitoring solution, you can conduct continuous risk media monitoring using a PESTLE (political, economic, socio-cultural, technological, legal and environmental) framework. This framework helps you identify supply-chain and third-party risk earlier so you can quickly and effectively take action.

Entity Insight enables customised risk scoring to empower your business. The tool’s user-friendly dashboard lets you:

• manage active and pending entities, as well as related RSS feeds
• visualise news volume for all active entity mentions, colour-coded by PESTLE category
• identify the top 10 news volume trends among active entities and risk topics
• explore the context of adverse media mentions and mitigate emerging risks

Ultimately, Entity Insight gives you more transparency into your business risk and arms you with all the data you need to proactively make informed decisions before regulatory problems arise.