Data providers Dow Jones Risk & Compliance, Dun and Bradstreet, Moody’s Analytics, and RELX, and technology company Encompass, are pleased to announce the launch of the Data and Technology for Compliance (DT4C) Alliance. The new coalition will serve as a unified voice to further strengthen the EU’s AML ecosystem.
As providers of data, tools, and compliance services to banks and other obliged entities, DT4C Alliance members aim to share their expertise to support the development and implementation of an effective and future-proof anti-money laundering and counter-terrorist financing (AML/CFT) framework in the crucial fight against financial crime
The DT4C Alliance seeks to become a trusted policy partner to help EU lawmakers and regulators and transmit the voice of a sector that provides crucial solutions for effective prevention of money laundering, sanctions evasion and counterfeit terrorism, and is relied upon by undertakings across the board and across geographies. As the AML ecosystem encompasses various market players, we believe a future regulatory framework should consider AML and KYC data service providers in rulemaking adequately so as to prevent unintended consequences and ensure the objectives of an effective EU AML rule book can be achieved.
Daniel Benjamens, rotating DT4C Alliance Coordinator and RELX’s Senior Government Affairs Manager, said:
“We are thrilled to have given the sector a unified voice with the launch of the DT4C Alliance. The sector plays an important role in the fight against financial crime, money laundering and terrorist financing and is used by various firms seeking to meet their due diligence obligations under EU rules.
“Our founding members have been supporting obliged entities and other firms for decades in the fight against financial crime. With the launch of the DT4C Alliance, we look forward to streamlining and strengthening our engagement with the AML ecosystem and assist policymakers in the development and implementation of effective and future-proof rules and regulations”.
About the DT4C Alliance
The DT4C Alliance is a coalition of like-minded data and technology companies composed of Dow Jones Risk & Compliance, Dun and Bradstreet, Encompass, Moody’s Analytics, and RELX.
The DT4C Alliance members provide tools and services to enable entities obliged under the EU’s anti-money laundering (AML) legislation to carry out checks and perform their legal obligations regarding, for instance, customer due diligence (CDD), Know Your Customer (KYC) screening, sanctions screening.
The DT4C Alliance is an open and growing initiative. Interested parties are welcome to get in touch to discuss their interest in joining the Alliance at firstname.lastname@example.org.
Should you have any other queries, please contact us at email@example.com.
Encompass enables firms to deliver revenue faster, drive operational efficiency and demonstrate consistent compliance with dynamic KYC process automation.
Our award-winning platform, unrivaled data connections and industry expertise help clients to create and maintain real-time digital risk profiles of everyone they do business with.
Our customers include leading global banks and financial institutions, including Wolfsberg Group members. We have strategic alliances with a range of trusted data, technology and consulting partners, enabling a seamless integration of Encompass into existing workflows and systems.