Moody's Maxsight platform can help you automate due diligence processes to identify potential red flags or issues associated with customers or suppliers early in the relationship.
Customer due diligence (CDD) and supplier due diligence (SDD) are processes businesses need to undertake to verify the identity of new customers and suppliers.
Moody’s due diligence solutions support users to collect and analyze comprehensive, global data about third parties to create a profile of risk.
Understanding the risks associated with an individual or entity in your business network supports you to make decisions with greater confidence about who you choose to work with.
Moody's Maxsight platform can help you automate due diligence processes to identify potential red flags or issues associated with customers or suppliers early in the relationship.
Our intelligent screening solution can help you take proactive measures to build risk profiles, understand risk, and mitigate factors outside tolerance during onboarding or at any point during the relationship lifecycle.
Creating digital workflows using Moody's due diligence software, integrated with our global data estate and 25+ other leading data providers can help you perform robust customer or supplier due diligence efficiently and effectively.
Gather, analyze, and monitor data to verify identities and entities to better understand risk-relevant factors such as PEPs, sanctions, adverse media, and shell company risk.
Get in touch to find out more about our solutions designed to help you decode risk and unlock opportunity.
Enhanced due diligence (EDD), which is a more detailed and thorough form of screening, is often carried out in higher-risk situations.
Configure your solution to categorize risk profiles according to your policies and tolerance to understand if you are dealing with a customer or supplier that poses a low, medium, or high risk.
You can integrate checks for politically exposed persons (PEPs), sanctioned entities, an individual or entity from a high-risk jurisdiction, or an entity that looks like it poses a shell company risk.
What constitutes a high-risk for your organization can be factored into the EDD process and tailored to your risk appetite.
Our solutions are also available for ongoing monitoring, so you can be alerted if risk factors change and re-screening is required. Find out more about a perpetual KYC approach.
Our solutions can help you:
Collect additional information from a customer or supplier
Conduct verification checks on leveraging a global data estate
Monitor risk profiles and flag relevant new alerts
With AI-powered screening to reduce false positives
The goals of CDD are to verify a customer’s identity, so an organization can establish trust and prevent crimes like money laundering and terrorist financing. Read more about CDD in this article.
Each country or jurisdiction can have its own laws that dictate the customer due diligence requirements of a bank or financial institution, but there are often 4 common factors in CDD for banks. Find out what they are and why they are important.
This eBook explores how supply chain teams can make more transparent and cost-effective supply chain decisions by using value at risk calculations. Get your copy of "From data to decisions" today.
Moody’s has specific tools and resources on the topic of supplier risk management. We can support you to unify your approach to supplier-related risk and gain transparency of potential issues across your supply chain. Greater visibility could help protect your organization from third-party risk and reputational harm.
For more information about customer due diligence, supplier due diligence, or enhanced due diligence as part of your anti-financial crime strategies or compliance and third-party risk management program, please get in touch with our team any time.
We would love to show you what Moody's KYC can do! Get a demo or alternatively, keep reading to discover more about how Moody's KYC can help you.