A Bisnode Compliance Solution D&B ONBOARD bilder/Bisnode_Onboard-EN p… · † to protect your company against dubious business contacts ... † check the background of any company

D&B ONBOARDA Bisnode Compliance Solution

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ALWAYS AN EYE ON THE RISKS

CAN YOU CLEARLY IDENTIFY YOURPARTNERS? IS YOUR COMPLIANCE PROCESS AUDITABLE? DO YOU REALLYKNOW WITH WHOM YOU ARE DOINGBUSINESS?

Compliance, Due Diligence, Fight against Corruption, Prevention of Money Laundering– with D&B Onboard, a Bisnode Compliance Solution, you are on the safe side

When it comes to the basic principles of busi-

ness management, commonly referred to as

"Corporate Governance", the compliance with

legal regulations and due diligence obligations

plays a key role. Particularly in business sectors

that are subject to a dense system of regulati-

ons there are clear rules of conduct, laws and

guidelines to be observed.

The strict adherence to these regulations is of

utmost importance to any company. A central

issue in this context is the Know Your Customer

(KYC) principle which requires the companies

to verify their customers.

D&B Onboard, a Bisnode Compliance Solution,

supports your onboarding process through uni-

que identification of your business partners, fin-

ding out about the decision makers and owners

as well as determining the financial key figures

and credit standing.

This information is completed with further ele-

ments that are relevant in regulatory terms. The

companies and persons to be checked are mat-

ched against various sanctions and PEP (Poli-

tically exposed persons) lists.

In this way, individual business partners as well

as all existing customers can be checked

quickly and easily in order to get a reliable basis

for decision-making and an audit-proof docu-

mentation. With D&B Onboard, companies can

be sure to comply with legal regulations and

specific guidelines.

D&B ONBOARD


D&B ONBOARD

The web-based solution for verifying your business partners' reliability Always have the right information

You want …

• to be sure to know your business partners

• to protect your company against dubious business contacts

• to clarify your business partners' ownership structures

• to establish an easy and safe audit process

With D&B Onboard you can:

• identify every company worldwide

• check the background of any company worldwide quickly and easily

• assess the risks of cooperation with your business partners

• find out global company relationships and ownership structures

• document the audit trail and audit results

• screen companies, executives and owners against sanctions lists

Company nameLegal formStock exchange listingBusiness operationIndustry

Managing directorsShareholdersInternational parent companyPolitically exposed person

Company headquartersRegistered office

Distribution by countriesWatch lists

Timestamp of verificationHistory

WHAT WHERE

WHO WHEN


WELL THOUGHT-OUT COMPLIANCE MANAGEMENT

Audit-proof – Step by step

IDENTIFY BUSINESS PARTNERS WORLDWIDE

D&B Onboard assists you with clearly identify-

ing your business partners - be they companies

or beneficial owners - all over the world. Parti-

cularly when checking new customers it is im-

portant to get quick and reliable results.

In this context, our D&B D-U-N-S® number plays

the key role, as it is the unique code allocated

to companies only once worldwide. This code

remains, even when the company transfers its

business activities abroad, opens insolvency

proceedings or is deleted from the commercial

register.

FIND OUT OWNERSHIP STRUCTURES

With D&B Onboard you can simply go online to

identify worldwide company relationships (D&B

Global Family Trees), minority interests, com-

plex ownership structures, direct and indirect

ownerships and beneficial owners.

SPOT RISKS

A reliable risk assessment is highly appreciated

by companies.

D&B Onboard delivers trend charts which dis-

play the current risks at customers and suppliers

(e.g. risk indicator score, delay in payment)

providing an overview of all risk-relevant infor-

mation and help make your business decisions.

CHECK A COMPANY'S BACKGROUND

You can easily check a company's existence

and status and verify master data, such as the

complete company name, the legally correct ad-

dress, the legal form of the company, it's execu-

tives and beneficial owners.

As a result, you can establish a trustful business

relationship with a new customer or supplier wit-

hin a short time.

INTERNATIONAL SANCTIONS LIST CHECK

D&B Onboard allows you to match companies,

owners and beneficial owners against around

400 global sanctions and PEP (Politically expo-

sed persons) lists.

In addition, global media reports are screened

to help identifying the involvement of the com-

pany or beneficial owners in economic crimes,

cases of fraud, money laundering or corruption.

DOCUMENT RESULTS

The audit trail and the audit results can be do-

cumented quite easily with timestamp of verifi-

cation and corresponding references. This

makes the final results audit-proof.


WHAT ARE THE RISKS

Companies are under increasing pressure to integrate Compliance Management pro-

grammes. Corruption, bribery or money laundering lead to harsh punishments not

only on a national basis. Possible consequences are:

• Penalty payments and fines

• Liability with private assets (considerable endangerment of assets)

• Government sanctions

• Imprisonment

• Increased reputational risk

OPPORTUNITIES OFFERED BY COMPLIANCE

The benefits of Compliance can be realized best by considering the negative conse-

quences of Noncompliance. But Compliance also involves a number of positive aspects

in itself which should be emphasized:

• Enhancement of confidence

• Gain in reputation

• Possible credit enhancement

• Sustainable business activity

• Positive image

IT IS ONLY THE SYSTEMATIC COL-LECTION OF DATA THAT ALLOWS ANEFFECTIVE MINIMIZATION OF RISKS.


DON'T RELY ON YOUR GUT FEELINGWHEN IT COMES TO DECIDING FOR ORAGAINST A BUSINESS PARTNER.

INCREASING NEED FOR ACTION

The German government attaches great importance to the fight against company-re-lated offences, especially in the field of white-collar crime.

Compliance systems are supposed to prevent

offences, and above all criminal acts, from being

committed by people within the company. The-

refore the German government considers these

systems an important means of helping compa-

nies prevent and solve company-related crimes

independently.

This requires clear structures of responsibility.

Effective Compliance systems are well suited to

create this kind of structures.

The government regards Compliance systems

as adequate tools even for small and medium-

sized companies when it comes to the preven-

tion of company-related offences. And more

than that, these systems are supposed to make

the company leaders aware of the fact that they

are responsible for preventing criminal acts and

obliged to meet this responsibility effectively.

Source: Deutscher Bundestag, Drucksache 18/2187 vom 22.7.2014


YOUR BENEFITS

With D&B Onboard you can easily:

• Meet legal requirements, e.g. EU regulations no. 2580 und 881:

No business with persons and companies being on the sanctions lists

• Minimize risks and make your business more calculable

• Do ethical trade: prevention of corruption, fight against money laundering,

fraud prevention

• Save time by getting all relevant information from one single reliable source

• Start at once, as no installation and integration is needed

YOUR OPTIONS

Prior to the creation of a master data file, an initial business contact, an order pro-

cessing, a total inventory audit or an application and approval procedure, D&B On-

board offers a comprehensive scope of audit procedures.

• Online access to the worldwide Bisnode D&B database

(approx. 235 million companies, 220 countries)

• Unique identification of your business partners thanks to the D&B DUNS® number

• Clear representation of company relationships (Global Family Trees)

• Identification of beneficial owners

• Check against approx. 400 sanctions lists worldwide

• Archiving the test steps for auditing

RISK-BASED DUE DILIGENCE PROCESSWITH D&B ONBOARD

IDENTIFYBUSINESS PARTNERS

CLEARLY

• Check a company's existence

• Verify legally correct company name and address

• Uncover other companies operating under the same address

CHECK OWNERSHIP STRUCTURES

• Identify ownership structures

• Show company relationships & minority interests

• Determine shares expressed in percentage

• Additionally display own hierarchy

IDENTIFYFUNCTION HOLDERSAND SHAREHOLDERS

• Identify a company's principals, owners and shareholders

• Further information on the executives

(address, date of birth, former positions)

PERFORMSCREENINGS AGAINST

SANCTIONS LISTS

• Match persons and companies against sanctions and PEP lists

• Display press articles, publications etc.

EVALUATERISKS

• Rating, score, payment experiences

• Get financing and/or balance data

• Display trends & analyses

• Enhanced Due Diligence (e.g. get official documents)

DOCUMENTAUDIT TRAILS AND

RESULTS

• Store results and reports in an archive with timestamp of

verification and list of all sources

• Add own notes to an audit report Make a smart decision!


BISNODE

North America

With more than 2 500 employees in 17 Euro-

pean countries we are one of the leading sup-

pliers of digital business information. At Bisnode

Germany 450 employees are ready to support

you with their expertise: We have comprehen-

sive data on more than 5.1 million German and

almost 100 million European companies as well

as the D&B Worldwide Network covering 235

million companies worldwide.

Our solutions allow you to analyse your mar-

kets, find your target groups and communicate

with them. They check and enhance your data,

update your business relationships and auto-

mate your decision making process.

Bisnode is a member of the German Marke-

ting Dialogue Association DDV (= Deutscher

Dialogmarketingverband e. V.) and has been

following the association's guidelines for

years in terms of data collection, processing

and quality.

73.388.36099.000.245

Europe and Russia

South America20.311.843 4.282.048

Africa, Near andMiddle East

Asia and the Pacific41.363.807

Why can you rely on data provided by Bisnode? It is because they are subject to automated veri-

fications and further manual control processes, such as research, analysis and the integration of

information collected directly from the companies, from the commercial and insolvency registers,

from the business press and from annual business reports.

235 million businesses worldwide

GLOBAL DATA COVERAGE

PLEASE CONTACT OUR CUSTOMERSERVICE TEAM FOR HELP:

Bisnode Deutschland GmbH

Tel.: +49 6151 380-555Fax +49 6151 380-360E-Mail [email protected]

includes information of March 31, 2015

Bisnode Deutschland GmbH | Robert-Bosch-Straße 11 | 64293 Darmstadt Telefon +49 6151 380-0 | Fax +49 6151 380-360 | [email protected]

Documents

A Bisnode Compliance Solution D&B ONBOARD bilder/Bisnode_Onboard-EN p… · † to protect your company against dubious business contacts ... † check the background of any company