Latest enhancements help clients navigate the world of offshore banking
Regulatory DataCorp, Inc. (RDC), the leader in powerful decision-ready risk and compliance intelligence, today announced the addition of The Panama Papers to its screening solutions. The Panama Papers, a collection of 214,000 offshore entities and connected individuals from the records of the law firm Mossack Fonseca were made publicly available by The International Consortium of Investigative Journalists (ICIJ), and contain a listing of more than 360,000 names of companies and connected parties.
“We are pleased to offer our clients this addition to our industry leading diligence screening solutions,” said Francis Mahoney, Director of Data Innovation and Oversight of RDC. “And we are excited to be able to offer this additional level of transparency as our clients assess 3rd party risks.”
RDC’s search solutions empower clients to quickly identify, track, and continuously monitor entities and other counterparties efficiently and effectively. The configurable solutions apply the right level of due diligence based on clients’ specific risk policies, and in accordance with the guidelines issued by regulators worldwide.
The RDC’s Panama Papers screening is being offered on an “opt in” basis for RDC’s clients.
Additionally, RDC will launch a series of webinars the beginning of next week, designed to aid clients examining the regulatory risk and the implications of dealing with entities on The Panama Papers.