news
 

Did You Know?

 

LexisNexis Canada Press Releases

 

LexisNexis Canada Helps Protect Companies from Doing Business with Money Launderers and Financiers of Terrorism

Industry-Leading Technology Simplifies Compliance and Due Diligence


TORONTO, July 26, 2010 – LexisNexis Canada, a leading provider of information and services solutions to law firms and corporate, government and academic professionals, today announced that its Anti Money Laundering (AML) screening service is now available to Canadian organizations. LexisNexis® Bridger Insight™ XG is used by thousands of customers worldwide to conduct due diligence and comply with government regulations efficiently and cost-effectively through a single platform. Bridger Insight XG helps banking, insurance and retail organizations perform screening and ongoing monitoring of their clients to protect themselves from doing business with clients who are engaged in money laundering or terrorism-related activities. Organizations also can use the product to better adhere to Canada’s anti-money laundering and terrorist financing regulations. 

Bridger Insight XG provides a fast, easy way for organizations to streamline the business processes required to conduct real-time and automated batch screening to facilitate essential ongoing monitoring. The product easily integrates into companies’ established workflows and processes with its case management and tracking tools. Users can capture supporting due diligence within the product itself and take advantage of archiving and reporting tools to ease the stress of audits. 

“Today, more than ever, companies need to know who they’re doing business with,” said Alan Dingle, vice president, Business Development at LexisNexis Canada. “Companies that don’t adequately protect themselves from criminals face regulatory fines, lose customers and suffer damage to their corporate reputations. All these consequences impact the bottom line and jeopardize the organization’s future.” 

Bridger Insight XG is already trusted by more than 4,000 customers across various industries and businesses in over 40 countries including Canada. Customers include banks, credit unions, insurance companies, accounting firms, commercial lenders, mortgage companies, real estate brokers, securities firms, lawyers and more. The product is easy to learn and provides customers with the following important features: 

  • A customizable risk-based approach to watch-list checking using a proprietary name-matching algorithm to maximize the accuracy of matches found while minimizing false positives
  • Three deployment options—Service, Professional or Enterprise—to suit a company’s security and technical requirements
  • High-volume, automated batch searching capability to help companies quickly search their customers as soon as watch-lists change, or as often as desired
  • Case management tools to easily track the progress of due diligence and identify bottlenecks in processes

 

For more information on Bridger Insight XG, please call 1-800-255-5174, email sales@lexisnexis.ca or complete the form at www.lexisnexis.ca/request-more-information.

About LexisNexis

LexisNexis® (www.lexisnexis.com) is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.

LexisNexis Canada Inc. (www.lexisnexis.ca) provides information and services solutions that serve the changing needs of professionals in law firms, corporations, government and academic institutions. LexisNexis offerings include the Quicklaw® online legal research service; Butterworths® print and CD ROM titles and newspapers for legal, accounting and other professionals; the Lexis and Nexis research services for global online legal, news and business information; and leading solutions in Practice Management, Client Development and Litigation Services.

# # #

Media Contact:

Tracy Smith
LexisNexis Canada Inc.
613-238-3499, ext. 202
tracy.smith@lexisnexis.ca

 
 
 

Search Press Releases

Media Inquiries

For media inquiries contact:
1-905-415-5873
media@lexisnexis.ca