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LexisNexis AML Compliance Solutions from LexisNexis Risk Solutions
Suite of AML compliance solutions including transaction monitoring, customer screening, KYC/CDD, sanctions screening, and beneficial ownership identification. Leverages proprietary global data and analytics to provide risk intelligence.
More about LexisNexis Risk Solutions
Product analysis by function
Anti-Money Laundering Systems for Compliance
Solutions for detecting, preventing, and reporting potential money laundering activities and suspicious transactions.
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Customer Due Diligence (CDD) & Know Your Customer (KYC)
(9 Yes /9 Known /10 Possible features)
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Automated Identity Verification Checks customer-provided data against government or authoritative databases. |
LexisNexis AML suite advertises automated identity verification against authoritative databases as part of KYC/CDD. | |
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Sanctions and Watchlist Screening Screens customers against global and regional sanctions lists in real-time. |
Sanctions and watchlist screening is a core offering on product page. | |
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PEP (Politically Exposed Persons) Detection Identifies customers who are considered PEPs and applies enhanced due diligence. |
PEP detection is explicitly included as part of customer screening. | |
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Ongoing Customer Monitoring Continuously monitors for changes in customer risk profile. |
Continuous/ongoing customer monitoring is highlighted as part of LexisNexis's risk monitoring. | |
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Ultimate Beneficial Owner (UBO) Identification Discovers natural persons responsible for corporate account owners. |
Beneficial ownership (UBO) identification and screening are specifically available. | |
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Document Verification Validates authenticity of identity documents (e.g., passports, IDs). |
LexisNexis provides document verification for passports, IDs, etc. as part of onboarding KYC. | |
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Risk Scoring Automation Assigns and updates risk ratings based on data and behavior. |
Automated/computed risk scoring based on customer and transactional data referenced in literature and product documentation. | |
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Customer Data Enrichment Pulls public records and third-party data to enhance customer profiles. |
Customer profiles are enriched using both global proprietary and public datasets. | |
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Multi-language OCR Extracts text and data from identification documents in multiple languages. |
No information available | |
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Batch Screening Capability Processes multiple customer files simultaneously for efficiency. |
Batch screening (mass onboarding and customer file loading) is described in sanctions screening solution. |
Transaction Monitoring & Detection
(8 Yes /8 Known /11 Possible features)
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Real-Time Transaction Monitoring Flags suspicious transactions instantly as they occur. |
Real-time transaction monitoring is promoted for proactive detection on product webpage. | |
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Customizable Rule Engine Allows creation and tuning of detection rules per regulatory and organizational requirements. |
Customizable risk rules and scenario configuration highlighted in technical overviews. | |
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Automated Suspicious Activity Alerts Automatically generates alerts on suspicious behavior or rule breaches. |
Automated suspicious activity alerts are issued in event of flagged behaviour/rule breaches. | |
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Behavioral Pattern Recognition Uses AI/machine learning to identify patterns linked to money laundering. |
Behavioral pattern recognition and advanced analytics (machine learning) referenced. | |
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Peer Group Analysis Compares customer transactions to peer group norms. |
No information available | |
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Anomaly Detection Capability Identifies deviations from typical transaction behavior. |
LexisNexis's transaction monitoring module includes anomaly detection capabilities. | |
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Volume of Transactions Monitored per Second Maximum number of transactions the system can process for monitoring in real time. |
No information available | |
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Cash Transaction Detection Specifically flags large or structured cash transactions. |
Cash transaction detection (structuring, large cash, etc.) is a standard alerting scenario. | |
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Third-Party Transaction Monitoring Monitors transactions where third parties are involved for trade-based money laundering. |
Third-party transaction monitoring and trade-based money laundering scenarios are referenced in solution guides. | |
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Cross-Border Transaction Analysis Automatically monitors transactions that cross national borders. |
Cross-border transaction analysis is described as a key scenario for LexisNexis monitoring and reporting. | |
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Transaction Memo Analysis Reviews free-text memos for trigger words or suspicious context. |
No information available |
Case Management & Investigation Tools
(7 Yes /7 Known /10 Possible features)
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Alert Management Dashboard Centralizes and prioritizes alerts for compliance teams. |
Alert management dashboards for compliance teams are highlighted in product versions and screenshots. | |
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Automated Case Assignment Routes alerts or cases to appropriate team members based on criteria. |
Automated case assignment/routing is included in investigation management module. | |
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Investigation Workflow Automation Guides investigators through standardized investigation steps. |
Workflow automation for investigation and standardized steps mentioned in product documentation. | |
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Case Linking Links related cases or alerts for consolidated investigation. |
Case linking via entity resolution is described as a feature in case management workflows. | |
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Case Notes & Document Attachment Allows adding text notes and uploading supporting files for cases. |
Support for attachments and notes is standard for investigation case management. | |
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Investigation Time Metrics Tracks and reports time spent investigating each case. |
No information available | |
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Automatic Case Closure Closes cases automatically based on resolution rules. |
Automatic case closure based on workflow rules is a referenced feature. | |
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Collaboration Tools Supports teamwork via comments, tagging, and shared access within cases. |
No information available | |
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Audit Log for Case Actions Tracks all actions taken on a case for compliance purposes. |
Audit logs for case action and review are explicitly mentioned. | |
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Number of Concurrent Cases Supported Capacity for simultaneous active cases. |
No information available |
Regulatory Reporting
(7 Yes /7 Known /10 Possible features)
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Automated SAR/STR Filing Automatically generates and submits Suspicious Activity/Transaction Reports to authorities. |
Automated SAR/STR filing is offered in regions that support e-filing with authorities. | |
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Custom Report Builder Enables tailored reports to meet specific jurisdictional standards. |
Custom report building is available (product brochures reference configurable regulatory reports). | |
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Pre-built Regulatory Templates Provides ready-made templates for common global filings. |
Pre-built templates for various jurisdictions are referenced in reporting solution description. | |
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Audit Trail of Reports Maintains a complete log of who created, edited, and submitted reports. |
Report audit trails (submitter, editor, status) are standard for compliance. | |
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Submission Acknowledgement and Validation Confirms receipt and compliance from regulatory bodies. |
Submission acknowledgement and validation from regulators is available for e-filing regions. | |
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Bulk Report Submission Supports batch sending of multiple regulatory reports at once. |
No information available | |
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Automated Deadline Reminders Reminds users before regulatory submission deadlines. |
No information available | |
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E-filing Integration Direct integration with regulators’ electronic portals. |
Direct e-filing integration is described as available for selected regulatory connections. | |
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Submission Speed Average time taken to submit a report electronically. |
No information available | |
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Multi-jurisdictional Support Handles filings to multiple regulatory authorities across countries. |
Multi-jurisdictional support is a product differentiator; highlighted by LexisNexis for global FIs. |
Sanctions Screening
(7 Yes /7 Known /10 Possible features)
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Real-time Sanctions List Updates Automatically updates internal lists with global latest sanctions. |
Sanctions list updates from global sources are provided in real time. | |
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List Management Tools Customize, append, or prioritize lists as per institutional requirements. |
No information available | |
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Fuzzy Matching Algorithms Detects potential matches despite name spelling variations. |
Fuzzy matching technology is advertised as core strength for sanctions/PEP match. | |
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Hit Escalation and Resolution Workflow Built-in process to manage hits from screening results. |
Workflow for escalation and managing screening results is provided. | |
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False Positive Reduction Minimizes unnecessary investigation workload. |
False positive reduction methods stated, including advanced match tuning. | |
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Batch Screening Capabilities Processes large volumes of entities in one job. |
Batch screening of lists/entities highlighted in sanctions screening module. | |
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List Source Auditability Keeps records of list versions and update dates. |
List versioning/audit reporting is referenced in administrative tools. | |
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Watchlist Screening API API for real-time screening in external systems. |
No information available | |
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Screening Throughput Maximum entities screened per minute. |
No information available | |
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Automated List Synchronization Ensures all systems refer to the same up-to-date listings automatically. |
Automated synchronization for all customer and transaction screening lists is described. |
Risk Management & Analytics
(5 Yes /5 Known /10 Possible features)
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Risk Dashboard Visualized risk metrics, heatmaps, and summaries for management. |
Risk dashboard and visual analytics are provided for managers in solution screenshots. | |
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Customer and Transaction Risk Scoring Calculates risk scores based on multifactor models. |
Customer and transaction risk scoring is detailed in LexisNexis documentation. | |
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Institutional Exposure Reports Breaks down risk by business lines, products, geographies. |
No information available | |
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Automated Model Validation Continuously tests and validates risk scoring models. |
No information available | |
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Scenario/Sensitivity Analysis Assesses how risk metrics change with hypothetical rule changes. |
Scenario/sensitivity analysis modules are referenced in risk analysis documentation. | |
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Regulatory Reporting Metrics Key performance indicators aligned to regulatory requirements. |
No information available | |
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Historical Data Retention Maintains historical records for trend and pattern analysis. |
Historical data retention is highlighted for regulatory and investigative purposes. | |
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Predictive Analytics Uses ML/AI to predict future financial crime risks. |
Predictive analytics using AI/ML are outlined in product situational risk documentation. | |
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Custom Analytics Module User-defined analytics and dashboards. |
No information available | |
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Number of Analytics Reports Supported Maximum parallel analytics reports generated. |
No information available |
Integration & Interoperability
(7 Yes /7 Known /10 Possible features)
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Core Banking Platform Integration Connects with main system of record to extract customer and transaction data. |
Integration with core banking platforms is confirmed as standard. | |
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Open API Support Allows integration into in-house and third-party systems. |
Open API and integration support for custom and third-party solutions is referenced. | |
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Batch Data Import/Export Supports file-based transfer of large data sets. |
Batch data import/export is widely supported for onboarding and reporting. | |
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Real-Time Data Sync Synchronizes AML-relevant data across systems without manual intervention. |
Real-time data synchronization between modules and external systems available. | |
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Third-Party Data Provider Integration Incorporates data from external identity, sanctions, or KYC sources. |
Integration to third-party data providers (e.g. external KYC, sanctions, ID) is a key selling point. | |
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Cloud Services Compatibility Deployable on or integrated with major cloud service providers. |
Software is deployable in cloud or integrates with common cloud providers. | |
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Custom Integration Toolkits SDKs or low-code configurations for bespoke integrations. |
No information available | |
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Number of Supported Integrations Maximum number of direct system integrations supported. |
No information available | |
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Webhooks Support Ability to automatically notify external systems of events. |
No information available | |
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ETL (Extract, Transform, Load) Capabilities Handles data normalization and enrichment when importing/exporting data. |
ETL capabilities are discussed in onboarding and migration documentation. |
Compliance & Audit Support
(8 Yes /8 Known /10 Possible features)
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Comprehensive Audit Logs Captures all system and user actions for audit purposes. |
Comprehensive audit logs for all actions are detailed in security and compliance sections. | |
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Role-based Access Controls Restricts user access by role and responsibility. |
Role-based access controls are mentioned as key security feature. | |
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Data Retention Policies Automates retention and purging of data in line with legal requirements. |
Data retention policies for compliance are configurable and documented. | |
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Compliance Policy Documentation Stores and tracks changes to internal compliance policies. |
Internal policy storage and change tracking is described as available. | |
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Automated Quality Assurance Checks Periodically reviews and reports on compliance adherence and anomalies. |
Automated QA checks for compliance adherence are included in operational modules. | |
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Process Audit Trail Completeness Degree to which all AML processes are logged and reviewable. |
No information available | |
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Regulatory Change Management Support Monitors and implements required changes following regulation updates. |
LexisNexis monitors regulatory changes, updates solutions, and provides alerts. | |
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User Activity Tracking Logs and monitors all user and admin activities. |
User activity tracking is included in compliance and admin overview. | |
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No. of Years Audit Logs Retained Length of time system can retain audit logs. |
No information available | |
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Automated Compliance Alerts Notifies compliance team about procedural breaches. |
Automated alerts for compliance breach and anomalies are described as standard. |
Security & Data Protection
(9 Yes /9 Known /10 Possible features)
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End-to-End Encryption All data in transit and at rest is encrypted. |
End-to-end encryption of data in transit and at rest is claimed in security materials. | |
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GDPR & Data Privacy Compliance Supports compliance with global privacy regulations. |
Data privacy compliance (GDPR, etc.) is called out as core requirement. | |
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Multi-Factor Authentication Requires multiple forms of authentication for user access. |
Multi-factor authentication is offered on the platform to meet compliance best practices. | |
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Role-Based Access Restrictions Limits data and feature access to authorized users only. |
Role-based restrictions enforced as per user type/clearance. | |
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Sensitive Data Masking Redacts or masks sensitive fields in the user interface. |
Sensitive data masking is mentioned as available in UI documentation. | |
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Regular Penetration Testing System is tested periodically for vulnerabilities. |
Regular penetration testing is referenced in LexisNexis security overview. | |
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Audit-Ready Security Certifications Holds certifications such as ISO 27001, SOC 2. |
Audit-ready security certifications (SOC2, ISO27001) advertised on vendor site. | |
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Incident Response Workflow Defines and automates incident notification and escalation procedures. |
Incident response plans and workflows are documented for compliance. | |
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Maximum Concurrent Users Supported Securely Number of users the system can support concurrently with no performance/security degradation. |
No information available | |
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Data Breach Notification Automation Automatic alerts to compliance and security teams in case of breach. |
LexisNexis advertises automated data breach notifications to client admins/security. |
Usability & Operations
(8 Yes /8 Known /10 Possible features)
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Intuitive User Interface Well-organized, user-friendly dashboards and navigation. |
Product is described as having an intuitive user interface and user-friendly workflows. | |
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Role-specific Views Customizes data and workflows for different roles (investigator, manager, admin). |
Role-specific dashboards/views are available for investigators, analysts, admins. | |
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Configurable Workflow Automation Allows operators to automate repetitive processes. |
Configurable workflow automation for repetitive compliance operations is available. | |
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Multilingual Support System available in multiple user languages. |
The suite is offered globally and lists multilingual user support. | |
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Custom Alerts and Notifications Users can set personalized notification rules. |
Customizable notification/alerting rules are described in admin and workflow settings. | |
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Mobile Device Accessibility Accessible from tablets and smartphones. |
Mobile accessibility (tablets, web) described in product details. | |
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User Training and Tutorials Offers onboarding and contextual help to new users. |
Onboarding and contextual training materials are included for new users and modules. | |
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Number of Customizable Fields Number of fields users can customize per workflow. |
No information available | |
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Bulk Operations Support Ability to perform actions (e.g. closing alerts) on many cases/records at once. |
Bulk operations (batch alert handling, case dispositioning) are possible according to product literature. | |
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System Uptime Guarantee Guaranteed service availability percentage. |
No information available |
AML/KYC Compliance Software for Compliance
Systems for screening clients against watchlists, monitoring transactions for suspicious activity, and maintaining regulatory compliance documentation.
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