encompass corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy, today announced that it is partnering with Dow Jones Risk & Compliance.

Dow Jones Risk & Compliance provides the world’s largest financial institutions, including four of the top five global banks, with risk screening solutions for Anti-Money Laundering (AML), Know Your Customer and Counter-Terrorist Financing. It also identifies high risk third parties, including lists and data on regulatory sanctions, Politically Exposed Persons (PEPs) and Special Interest Persons (SIPs).

A PowerlistRegTech company, encompass corporation’s portfolio of information providers includes both domestic and international sources. Wayne Johnson, CEO, encompass said: “This partnership means our customers have access to Dow Jones’ industry leading screening data that is essential for complying with AML regulations.   It also bolsters our commitment to providing next generation RegTech solutions.”

Joel Lange, Managing Director at Dow Jones Risk and Compliance, said: “By teaming up with encompass, a growing number of businesses will have access to our accurate, complete and global coverage of PEPs, government sanctions and high-profile criminals.  As regulations become stricter and those engaged in financial crime more sophisticated, having access to the best data available is essential if businesses are to both meet regulatory standards and keep up with the increasingly sophisticated methods used by those engaged in financial crime.”