Dun & Bradstreet Helps Businesses Ease Regulatory Burdens with Launch of Beneficial Ownership Solution
SHORT HILLS, N.J., March 21, 2017 /PRNewswire/ — Dun & Bradstreet (NYSE: DNB) today 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 (AML) 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 onboarding, helping companies relieve compliance burdens, and get back to driving growth.»
Available through API, batch and online, D&B Beneficial Ownership covers 62 countries, 71 million shareholders, and provides an analysis of the direct, indirect and circular ownership structures, along with relevant shareholders and percentage of ownership stakes, for the business entity. Dun & Bradstreet can also surface changes to ownership structures via targeted alerts.
To learn more about D&B Beneficial Ownership, visit: http://www.dnb.com/products/corporate-compliance/beneficial-ownership.html
About Dun & Bradstreet
Dun & Bradstreet (NYSE: DNB) grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500, and companies of every size around the world, rely on our data, insights and analytics. For more about Dun & Bradstreet, visit DNB.com. Twitter: @DnBUS
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SOURCE Dun & Bradstreet