Bureau van Dijk Develops the Catalyst for Compliance Research

Bureau van Dijk (BvD), one of the world’s leading business information publishers, has created a new tool to help assess risk associated with potential customers, with the objective of streamlining the on-boarding process and improving efficiency. Compliance Catalyst utilises the ‘compliance critical’ information on BvD’s global company database, Orbis, notably its extensive company hierarchies that help users identify group risk and beneficial ownership. Compliance Catalyst is the only platform where PEP and Sanction intelligence is seamlessly integrated with corporate ownership structures – a significant element in its timesaving focus. Compliance Catalyst is now in its final stages of beta development and is available to trial.

The user employs Compliance Catalyst to create detailed, secure on-boarding reports in a process that offers options to annotate, append, share and include in existing workflows. Compliance Catalyst combines information from a range of providers and includes intelligence on beneficial owners, directors, PEPs and Sanctions as well as company financials and company hierarchies, other adverse and country risk data. It also contains time-saving links to regulatory bodies and stock exchanges for verification purposes.

Significantly, Compliance Catalyst is customisable and its risk parameters can be set according to the client’s risk-based approach. Clients can also create bespoke processes using simple menu-driven tools. Web Services options mean that Compliance Catalyst, or elements of it, can be used within the client’s own environment.

"BvD’s data has long been used by compliance researchers," said Neil Farquhar compliance product manager at BvD, continuing, "Our company ownership structures are very comprehensive and deservedly popular in helping research beneficial ownership and conflict checking. We’ve built on this with Compliance Catalyst, creating a tool that simplifies getting to the critical data points, that combines relevant data with other important external sources and that incorporates this intelligence in a risk platform tailored to the task. The result is a tool that can save huge amounts of time and deliver impressive results. When we demonstrate Compliance Catalyst the responses are very positive."

About Bureau van Dijk
Bureau van Dijk (BvD) is one of the world’s most renowned business information publishers. The company has over 30 offices worldwide. BvD is best known for its range of international company information products that combines multiple high-quality data sources with flexible software to allow users to manipulate data for research and analysis. Products include Orbis, Amadeus, Bankscope and Mint. BvD has range of Catalysts designed for its various vertical markets – including transfer pricing, credit, procurement and compliance. BvD also publishes the global M&A database, Zephyr.
bvdinfo.com

About Compliance Catalyst
Compliance Catalyst is part of BvD’s range of catalysts – platforms created specifically to optimise data on BvD’s products for a task or process. Compliance Catalyst combines data from Orbis with PEPs and sanctions data from WorldCompliance. It’s the only place where PEP and Sanction intelligence is combined with comprehensive corporate ownership structures. Companies’ managers and directors are also screened against these PEP and Sanction lists.
Compliance Catalyst allows the user to review a corporate group as a whole. It also automates checks and captures proof a company’s listed status, creates customised risk scores and offers secure and detailed reporting. Compliance Catalyst harnesses the power of valuable datasets in a purpose built platform. It can be completely aligned with the user’s existing compliance processes.
compliance-catalyst.com

About Neil Farquhar MICA – product manager compliance at BvD
Neil Farquhar joined BvD in January 2011 having gained seventeen years’ experience in a number of research and data management roles. Before joining BvD he spent ten years at professional services firm, Deloitte. His last three years at the firm were in managing its research tool portfolio. His role at BvD is to develop and manage its products for compliance, including its new Compliance Catalyst. Neil’s areas of expertise include AML compliance, international business information and the user perspective.