Know Your Customer with D&B data

The first step in any procurement process must be identifying and verifying your suppliers - current and potential.

The Commonwealth Government's Anti-money Laundering | Counter Terrorism Financing Legislation (AML | CTF) requires business to be able to verify their customers' identity under strict 'Know Your Customer' rules. However business should have a risk mitigation strategy beyond AML compliance to protect against fraud.

D&B's comprehensive commercial database allows you to confirm the identity of more than 120 million companies worldwide and the identity of their parent company, Directors and affiliates.

D&B's business reports are AML compliant and will allow you to confirm the following:

• that a business exists and is operational
• business proprietor identity
• business type
• registration details & current status
• historical data including previous business names and any negative events
• corporate family trees providing insight on whom you are really doing business with.

To learn more about how D&B's data can be used to identify and verify supplier details contact D&B Client Services on 12 23 33 or clientservices@dnb.com.au