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
Media contact:
Deborah McBride
Dun & Bradstreet
mcbrided@dnb.com
+1 973 921 5714
Investors -
Kathy Guinnessey
Dun& Bradstreet
973-921-5892
Kathy.Guinnessey@dnb.com
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SOURCE Dun & Bradstreet