ACCELUS ORG ID KYC MANAGED SERVICE

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ACCELUS ORG ID KYC

MANAGED SERVICE

ACCELERATE ON-BOARDING

ELIMINATE BURDEN OF REFRESH

CONDUCT REMEDIATION EASILY

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ACCELUS ORG ID FOR

FINANCIAL INSTITUTIONS

TRANSFORM YOUR KYC PROCESS TO DO BUSINESS FASTER

SUMMARY

Since March 2014, Accelus Org ID has been providing KYC managed service to financial institutions processing client records covering hedge funds, asset managers, corporations and correspondent banks across 11 capital markets. Via the smooth end-to-end client identity and verification service, Accelus Org ID has transformed the approach to KYC process. This is powering business opportunities; simplifying and accelerating client on-boarding, reducing cost of remediation and moving to a real-time refresh.

Accelus Org ID is a truly independent KYC managed service beyond collection, storage and distribution of KYC documents.

• Built on Thomson Reuters best in class KYC/AML and on-boarding solutions including Accelus Client On-Boarding (GoldTier) and Accelus World-Check which monitors 240 countries, over 400 sanctions, watch and regulatory lists and 100,000 media sources to identity high risk individuals.

• First ever agreed comprehensive KYC policy and control process that satisfy 11 capital market regulations • Run on robust and unmatchable content that enables constant monitoring to take place – ensuring that the

record

s are

up-to-date.

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A. Each firm maintains its own profile and actively

authorizes access to the information

B. Covering 200+ countries, the service collects

and verifies information for all legal entity types

• C. Accelus Org ID unwraps legal entity structures,

identifies ultimate beneficial owner, and includes

this information as part of the profile

• D. Identifies and screens for risk flags/indicators

that can be used to assess customer risk

• E. Due diligence information is published through

Accelus Org ID portal or directly into customer’s

onboarding system.

F. Accelus Org ID portal screens profiles to ensure

new risk indicators are communicated as

identified

• G. Using Thomson Reuters data assets and service

triggers, Accelus Org ID monitors material

changes to client/counterparty profile that may

trigger a refresh of the record

• H. For records not refreshed through triggers in

step G above, Accelus Org ID will automatically

perform a refresh in accordance with timelines

mandated by regulatory requirements and/or

by internal policies of the firm performing due

diligence

I. Information published by Accelus Org ID is used

by the firm performing due diligence in order to

make final risk assessments

ACCELUS ORG ID: BY FINANCIAL INSTITUTIONS, FOR FINANCIAL INSTITUTIONS

Accelus Org ID is a product from the voice of over 100 Financial Institutions, Asset Managers, Hedge Funds, Correspondent Banks and Corporates in all the major capital markets. It responds to the desire and willingness to have an industry standard for the provision and validation of a legal entity’s identity.

Uniquely, Accelus Org ID will provide an equivalent of a ‘real-time client KYC passport’, with all the information needed to complete a KYC review, and with the additional benefit of this information being screened, verified, categorized and continuously monitored. Thomson Reuters will ensure the accuracy of this information.

Organization Performing Due Diligence

Org ID Profile

Collect and Verify

Unwrap Legal Entity Structures Screen Risk Indicators Publish Proactive Ongoing Screening Daily Change Monitoring Periodic Refresh Publish

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ONGOING REFRESH

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Core Differentiator

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THE ACCELUS ORG ID FEATURES

• Maintains the policies/rules, analysts resources, infrastructure, data and service to assist a financial

institution to accept, efficiently on-board and complete the required periodic reviews of the legal entity based on their KYC risk profile.

• Provides a streamlined review process for the creation, classification, validation, screening, and on-going management of KYC legal entity client records including the proactive monitoring for PEPs (politically exposed persons), sanction lists, and continuous negative news monitoring.

• Utilized economies of scale to achieve what each financial institution currently does individually.

• Future-proofed system that has been built via an iterative process to identify and then deliver the required documents to fulfill new regulatory needs based on a comprehensive global policy.

• Using a centralized system the financial institution will benefit from access to data and documents which have already been requested by other members of the ‘community’ and importantly by Thomson Reuters (who will gather all publicly available information on behalf of the financial institutions)

THE ACCELUS ORG ID BENEFITS

• Operational cost reductions, including remediation project costs

• Reduced risk associated with poor quality or overburdened due diligence and KYC processes and operations • Shortened on-boarding cycle enabling accelerated time to trade

• Simplified remediation efforts and an end to the burden of refresh cycles.

• Elimination of time-consuming duplication of effort – the client submits their documents once and authorizes distribution to financial institutions

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ACCELUS ORG ID: POWERED BY THOMSON REUTERS

Thomson Reuters established the first industry Market Practitioner Advisory Board, which has put in

place the policy and control processes, and IT information security requirements to ensure Accelus

Org ID adheres to existing regulatory requirements, and proactively responds to new requirements

or modified regulations.

With a decade of experience in KYC/AML solutions, Thomson Reuters is the best placed and

resourced organization to deliver the service to our customers.

Thomson Reuters first class infrastructure and operational support with capability in 240 countries

and staff speaking over 60 languages in our support centers means that Thomson Reuters uniquely

has the resources and ability in place to deliver this in a way that nobody else currently can.

Information retrieval and validating is in fact one of our core competencies.

Thomson Reuters is not only the world’s largest information service provider, but has a reputation for

integrity and diligence which is second to none, and a reputation secured by Trust Principles which

have been adhered to since 1941.

The Thomson Reuters Governance, Risk & Compliance (GRC) business delivers a comprehensive

set of solutions designed to empower audit, risk and compliance professionals, business leaders,

and the Boards they serve to reliably achieve business objectives, address uncertainty, and act with

integrity.

Thomson Reuters Accelus connects business transactions, strategy and operations to the

ever-changing regulatory environment, enabling firms to manage business risk. A comprehensive

platform supported by a range of applications and trusted regulatory and risk intelligence

data, Accelus brings together market-leading solutions for governance, risk and compliance

management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced

due diligence, training and e-learning, and board of director and disclosure services.

Thomson Reuters has been named as a category leader in the Chartis RiskTech Quadrant™ For

Operational Risk Management Systems, category leader in the Chartis RiskTech Quadrant™ for

Enterprise Governance, Risk and Compliance Systems and has been positioned by Gartner, Inc. in its

Leaders Quadrant of the “Enterprise Governance, Risk and Compliance Platforms Magic Quadrant.”

Thomson Reuters was also named as Operational Risk Software Provider of the Year Award in the

Operational Risk and Regulation Awards in 2013 and 2014.

THOMSON REUTERS ACCELUS™

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CONTACT ACCELUS ORG ID REGIONAL BUSINESS LEADS FOR DEMO AND MORE INFORMATION

AMERICAS & SOUTH AFRICA Stephen Thwaits

[email protected]

EMEA

Deepak Rajagopal