ComplyAdvantage provides near real-time updates to PEP data following general election results

ComplyAdvantage is pleased to announce two significant updates to its PEP data following the recent general elections in the UK and France.

UK general election

Following the UK general election on July 4, 2024, the BBC called the result a win for Labour at 05:04 on July 5.

Less than 12 hours later, our team had already updated our PEP data to reflect the results from 644 declared constituencies. This update includes both re-elected and newly elected MPs.

France legislative elections

Just days after the UK elections, France held the final round of its legislative elections on July 7, 2024.

The results started coming in on the same day, and the final results were announced in the early hours of July 8, 2024. We promptly updated our PEP data, making it available to our clients within hours.

The importance

For businesses regulated under financial crime laws, the value of accurate and current PEP data cannot be overstated. Leveraging the latest intelligence from ComplyAdvantage enables companies to:

• Boost the effectiveness of AML/CFT due diligence.
• Sharpen the precision of risk assessments.
• Stay in line with regulatory mandates.
• Minimize financial and reputational risks.

Showcasing the excellence of our FinCrime intelligence

These updates are just a few examples of our dedication to delivering the best financial crime risk intelligence. With more global elections on the imminent horizon, we will continue to update our data promptly to ensure you always have the most current information.

We continuously strive to enhance our proprietary data ingestion processes to provide you with the highest-quality risk intelligence available on the market.