Thomson Reuters launches Global Beneficial Ownership and additional sanctions data to CLEAR offering
Thomson Reuters is known for providing customers with transparent and reliable information. This new offering allows customers to gain insights into ultimate ownership of corporate entities derived from over one billion records from 190 different countries as well as new sanctions data added to CLEAR Adverse Media.
TORONTO, March 21, 2022 – Thomson Reuters has launched CLEAR Global Beneficial Ownership (GBO), a new product enabling organizations to quickly understand the ownership and control of international corporate entities and to help find global business registry information.
CLEAR Global Beneficial Ownership was developed in collaboration with industry experts to provide efficiency improvements and bring transparency to data searches. When conducting due diligence on a new foreign entity or offshore company, organizations are often on their own to investigate and identify beneficial ownership data and registry information.
CLEAR Global Beneficial Ownership allows organizations to:
- Conduct due diligence on corporate entities
- Uncover shell corporations and criminal rings
- Understand supply chain risk
- Protect reputational risk
“Alongside the power of Thomson Reuters CLEAR, Global Beneficial Ownership is the most effective way for organizations to mitigate risk by leveraging cutting-edge public records technology to obtain global business and ownership records – including source records that are instantly translated,” said Chris Maguire, General Manager, Corporates Risk for Thomson Reuters. “CLEAR’s GBO add-on is a gamechanger in locating hard-to-find business and person information while simultaneously identifying potential concerns associated with them.”
Global Beneficial Ownership provides the added value of safety to organizations by surfacing crucial data around global beneficial owners and corporate registries, while also providing comprehensive reports. This enables organizations to reveal risks quickly while intuitively identifying fraudulent or illicit activity to better judge where to do business.
The Global Beneficial Ownership launch comes off the heels of newly added CLEAR Adverse Media Sanctions a one-stop platform that reduces time spent researching across tools by providing integrated access to live adverse media plus sanctions data, politically exposed persons, state-owned entities, and third-party data.
“In today’s business and regulatory environment, it has become crucial for organizations to access transparent data that can safeguard operations by accurately weighing liability,” said Kevin Appold, Vice President of Product, US Public Records for Thomson Reuters. “Now with the combination of CLEAR Global Beneficial Ownership and new sanctions data added to our Adverse Media solution, organizations can seamlessly perform due diligence and particularly with international companies that have traditionally been more challenging to investigate.”
For more information on CLEAR Global Beneficial Ownership, please visit: https://legal.thomsonreuters.com/en/products/clear-investigation-software/whats-new
Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.
Thomson Reuters is not a consumer reporting agency and none of its services or the data contained therein constitute a ‘consumer report’ as such term is defined in the Federal Fair Credit Reporting Act (FCRA), 15 U.S.C. sec. 1681 et seq. The data provided to you may not be used as a factor in consumer debt collection decisioning, establishing a consumer’s eligibility for credit, insurance, employment, government benefits, or housing, or for any other purpose authorized under the FCRA. By accessing one of our services, you agree not to use the service or data for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.
+1 647 480 7412