Dun & Bradstreet recently announced the launch of D&B Beneficial Ownership, a solution that delivers quick and reliable data for actionable management of regulatory compliance.
D&B Beneficial Ownership provides companies a fast and comprehensive picture of corporate hierarchy with entity and individual level share ownership based on Dun & Bradstreet’s 265 million verified business records. D&B Beneficial Ownership capabilities can be easily embedded into companies’ current workflows to help accelerate due diligence and ensure regulatory compliance.
Dun & Bradstreet’s new solution has anticipated the pace of regulatory change by accommodating the need to quickly calculate user-specified percentage levels of entity or individual beneficial ownership. By allowing the flexibility to query different levels of beneficial ownership to meet numerous Anti-Money Laundering regulations, sanctions, and other global regulations, Dun & Bradstreet has reduced the burden while accelerating due diligence processes, driving efficiencies and cost savings for our customers.
“Compliance teams are challenged to manage third-party due diligence, anti-money laundering, know-your-customer, and tax compliance regulations through manual processes that can be costly and inefficient,” said Brian Alster, Dun & Bradstreet’s global head of supply and compliance. “By harnessing Dun & Bradstreet’s verified data with D&B Beneficial Ownership, the process can be easily automated to fast-track standard on-boarding, helping companies relieve compliance burdens, and get back to driving growth.”