KUALA LUMPUR, 24 September 2024 – Experian Information Services Malaysia (Experian) recently introduced its latest solution, Global UBO, a comprehensive report to the market, designed to revolutionise due diligence and compliance processes in onboarding, portfolio management, and customer lifecycle management. This innovative resource provides detailed insights and evaluations of cross-border Ultimate Beneficial Ownership (UBOs) in over 200 markets, helping small and medium enterprises (SMEs), corporations and financial institutions navigate the complexities of regulatory compliance and risk management.
In an increasingly globalised and regulated marketplace, the importance of thoroughly understanding the complexities of business structure cannot be overstated. Experian’s Global UBO reports offer a standardised, detailed analysis of UBOs in one comprehensive report. These reports equip organisations with the critical information needed to make well-informed decisions, ensuring they meet the highest standards of due diligence, compliance and know your customer (KYC) needs.
“In line with the revised Companies Act 2024’s goal of fostering a transparent business environment and combating financial crimes, we are excited to introduce Experian’s Global UBO report solution to the market. This solution aims to automate and enhance the due diligence process by providing a reliable and comprehensive UBO report. Our aim is to ensure both clients and consumers to establish a clear understanding on the financial standpoint in order to manage risk more effectively and make well-informed decisions,” said Dawn Lai, Chief Executive Officer of Experian Information Services Malaysia.
Key benefits of the Global UBO report includes:
- Enhanced Due Diligence: Comprehensive evaluations help identify potential risks and ensure thorough vetting of UBOs during the onboarding process.
- Streamlined Portfolio Management: Leads to more effective and efficient risk management and decision-making, fostering a more secure and stable portfolio.
- Improved Customer Lifecycle Management: Insights ensure that organisations remain compliant with evolving regulations and maintain high standards of customer relationship management.
These reports are an essential tool for financial institutions, regulatory bodies, and businesses committed to maintaining compliance and managing risk in today’s complex environment. By leveraging Experian’s Global UBO reports, organisations can confidently navigate the challenges of regulatory compliance, mitigate risks, and enhance their overall operational integrity.
For more information about Experian’s Global UBO solution, please visit https://www.experian.com.my/ubo/