THIRD PARTY & KYC DUE DILIGENCE

It can be a complex balancing act to manage risk at your own organization, let alone account for the actions of third parties or customers beyond your day-to-day management. With Prescient’s specialized due diligence reports, we take the guesswork out of screening vendors, suppliers, distributors, financial customers, and other third parties. By equipping you with key information, targeted analysis, and captures of raw data, we help limit your company’s exposure to external risks.

For years Prescient has served as the single third-party diligence provider for a number of Fortune 500 companies and multinationals in the transportation, construction, pharmaceutical, and engineering sectors. We utilize a combination of industry databases and proprietary tools to efficiently verify identities and locations, uncover reputational warning signs, and document pertinent info for individuals and entities around the world, ensuring you remain compliant with U.S. and international regulations.

AML & KYC DUE DILIGENCE

Prescient’s due diligence reports offer concise, rigorous screening of financial customers, and can be seamlessly integrated into existing KYC processes to ensure full compliance across a variety of regulatory frameworks. High-volume capacity and enhanced due diligence packages for high-risk subjects ensure onboarding can be catered to a rapidly growing portfolio of customers for clients across commercial and retail banking, virtual currency exchanges, and other regulated institutions.

USE CASES

  • Foreign Corrupt Practices Act (FCPA) Compliance
  • U. S. Bank Secrecy Act (BSA) & Patriot Act Compliance
  • U.K. Anti-Bribery Act Compliance
  • Beneficial Ownership Investigations, Requirements, Reporting
  • Financial Action Task Force (FATF) Recommendations
  • Customer Identification Program (CIP) Services
  • Identity Verifications
  • Parent-Subsidiary Ownership Identifications
  • Third Party Risk Management (TPRM) Program Support
  • U.S. and International Site Surveys
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