IHS Markit recently announced that KY3P, its vendor risk management service, has been improved with the addition of financial crimes screening to its comprehensive due diligence tools.
With the enhanced service, KY3P users will be able to detect whether their vendors may have breached standards governing anti-bribery and corruption, anti-money laundering, sanctions and export controls.
Financial crimes screening data are sourced through RDC GRID, the largest database of global risk intelligence from RDC.
“Integrating the authoritative financial crimes database from RDC gives our customers another important dimension for screening existing and prospective vendors,” said Ellen Schubert, CEO of KY3P at IHS Markit.
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