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LexisNexis® Acquires WorldCompliance, Leading Provider of Global Anti-Money Laundering and Compliance Solutions

Reed Elsevier, the parent company of LexisNexis® Risk Solutions,  announced it has acquired the remaining 55 percent of WorldCompliance¹ to further its commitment to helping organizations prevent financial crimes and potentially millions of dollars in penalties and fines worldwide.

WorldCompliance is a leading provider of customer and vendor screening content used for Anti-Money Laundering (AML) and Governance Risk and Compliance (GRC) solutions. WorldCompliances Politically Exposed Persons (PEP) lists and Enhanced Due Diligence reports are the ideal complement to LexisNexis AML solution, resulting in a leading suite of AML/compliance solutions in the market.

¹In 2011 Reed Elsevier acquired Accuity, Inc. , which owned 45% of WorldCompliance.

Source:  Seekingalpha.com/news

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