Setting up an efficient due diligence process

Presented by

Neil Isherwood - Compliance Expert & Strategy Leader, Dun & Bradstreet. Martin Skeens - Compliance Expert, Dun & Bradstreet.

About this talk

With a backdrop of evolving regulations, increasing fines and a complex macro environment, there is an increased pressure on firms to understand who they are doing business with. Organisations must carry out comprehensive due diligence on customers and suppliers in order to remain compliant, prevent unnecessary fines and avoid reputational damage. However, it can be difficult to introduce a ‘Know Your Customer’ (KYC) or ‘Know Your Supplier' due diligence process that balances compliance requirements against cost and efficiency pressures. Using technology, combined with accurate and up-to-date data, is key to creating a streamlined and efficient KYC/KYS process - one that is easy to follow, protects the organisation and allows resources to focus additional effort on the third-parties that pose a higher risk. During this webinar, experts from Dun & Bradstreet will cover: • Key elements of a good KYC/ KYS due diligence process • Potential barriers to a successful implementation • Where to find the tools to help implement an efficient due dilligence process
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