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Countries

Summary

Country reference data is fundamental geographic information used across multiple use cases for risk assessment, compliance, and geographic analysis. Country information includes risk classifications, regulatory requirements, and relationships to regions and jurisdictions.

This concept is used by:

  • Client 360 / Know Your Customer - For customer geographic risk assessment, sanctions screening, and PEP identification
  • Legal Entity Management - For entity geographic presence and compliance requirements

The Challenge

Organizations face challenges in country reference data management:

  • Risk classification — Determining and maintaining country risk ratings for AML and sanctions purposes
  • Regulatory requirements — Understanding different regulatory requirements across countries
  • Dynamic risk — Country risk levels change over time based on political, economic, and security factors
  • Data consistency — Ensuring consistent country data across systems and processes
  • Geographic relationships — Understanding relationships between countries, regions, and jurisdictions
  • Sanctions implications — Tracking which countries are subject to sanctions or embargoes
  • Data quality — Maintaining accurate country reference data and handling country name variations

Why EKG is Required

Enterprise Knowledge Graphs provide powerful country reference data management capabilities:

  • Reference data management — Maintain authoritative country reference data with relationships
  • Risk classification — Connect countries to risk ratings, sanctions status, and regulatory requirements
  • Geographic hierarchy — Model relationships between countries, regions, and jurisdictions
  • Temporal tracking — Track changes in country risk levels and regulatory requirements over time
  • Entity linking — Connect customers and entities to countries for geographic risk assessment
  • Sanctions integration — Link countries to sanctions regimes and embargoes
  • Multi-dimensional analysis — Analyze risk based on country relationships and connections

Business Value

  • Risk assessment — Assess geographic risk based on country relationships
  • Regulatory compliance — Meet requirements for country-based risk assessment and due diligence
  • Sanctions compliance — Identify entities and customers from sanctioned countries for enhanced screening
  • Data quality — Maintain consistent and accurate country reference data
  • Operational efficiency — Automate country-based risk assessment and screening
  • Strategic insights — Understand geographic distribution of customer and entity base