Are Sanctions and Watchlists the same? How big is an adverse media dataset?
Regardless of size or industry, all businesses must identify legal, compliance and regulatory risk.
The cost of doing business with the wrong individuals or entities can be devastating. Fines, penalties, and resulting reputation damage can harm business growth, end careers, and, in some cases, end a company altogether. Without up-to-date and accurate data, organizations cannot comply with sanctions laws, conduct proper due diligence, or track changing risks among customers, suppliers and counterparties.
This short guide describes the risk data needed to comply with Anti-Money Laundering / Countering the Financing of Terrorism, and Anti-Bribery and Anti-Corruption regulations.