Compliance means that companies must meet applicable public authority requirements to be allowed to carry on their activities. More and more complicated regulations are being placed on businesses of all types. “Money Laundering Regulations 2007”, “MiFID Client Verification and Classification”, and “Sarbanes Oxley Legislation” are just a few of the many rules in place that require thorough information collection and precise reporting.
Finnish companies are obligated to follow EU’s Third Directive which aims to prevent the financial system from being used for money laundering. Companies covered by the Third Directive must check new and existing customers continuously. The companies affected by the Third Directive are mainly in the financial sector but also include auditors, lawyers, insurance companies and brokers. Any type of company is affected where transactions involve large sums of cash.
D&B has designed and developed solutions to help your company meet these specific regulations.
Know Your Customer: Quick and Cost Effective
Know Your Customer (KYC) helps ensure that you are always in compliance with the regulations while freeing up resources in the company's finance department.
KYC is available both as a batch delivery and online.
Global Reference Solution: Learn About Your Business Partners
Global Reference Solution provides access to information on over 210 million businesses as well as corporate family relationships in 220 countries.