Cookies help us to understand you better. Browse on or click to
Do you know your customer? It’s the law
Need help ensuring protection and compliance?
Lexis KYC ensures simple day-to-day customer identification requirements, all in one place, and puts enhanced due diligence at your fingertips, with access to:
- Sanctions and Watchlists
- Political exposure reports (PEP)
- Adverse Media
All securely stored and ready for auditing. Lexis KYC complements your know-your-customer process by simpifying the responsibilty of client identification.
The recent massive data breach at credit bureau Experian, which left 24 million people and nearly 800,000 businesses potentially exposed to online fraudsters, has highlighted the vigilance required of all staff who have access to company finances, accounts and customer data
Financial sector due diligence and compliance with anti-money laundering regulations are back in the spotlight with the release of the FinCEN files in September 2020 – the latest in a string of leaks over the past five years that have exposed secret deals, money laundering and financial crime.
Non-compliance with anti-money laundering (AML) regulations can result in heavy financial penalties and could expose your clients and business to potential harm, with Financial Intelligence Centre Act (FICA) fines of up to R10 million in your personal capacity and up to R50 million as a company.