***
Skip to content

Jurisdictions

Summary

Jurisdiction reference data represents legal and regulatory jurisdictions, their requirements, and risk classifications. Jurisdictions may be countries, states, provinces, or other legal entities that have distinct regulatory frameworks. Understanding jurisdictions is critical for compliance, risk assessment, and determining appropriate due diligence measures.

This concept is used by:

  • Client 360 / Know Your Customer - For compliance with jurisdiction-specific KYC and AML requirements
  • Legal Entity Management - For entity registration and regulatory compliance across jurisdictions

The Challenge

Organizations face challenges in jurisdiction reference data management:

  • Complexity — Jurisdictions can be countries, states, provinces, or other legal entities with overlapping boundaries
  • Regulatory requirements — Different jurisdictions have different KYC, AML, and data privacy requirements
  • Risk classification — Determining and maintaining jurisdiction risk ratings
  • Dynamic changes — Jurisdictional requirements and risk levels change over time
  • Relationship mapping — Understanding relationships between jurisdictions, countries, and regions
  • Multi-jurisdictional operations — Determining which jurisdictions apply to customers and entities with multi-jurisdictional operations
  • Data consistency — Ensuring consistent jurisdiction data across systems
  • Compliance complexity — Managing compliance with multiple overlapping jurisdictions

Why EKG is Required

Enterprise Knowledge Graphs provide powerful jurisdiction reference data management capabilities:

  • Hierarchical modeling — Model relationships between jurisdictions, countries, and regions
  • Regulatory mapping — Connect jurisdictions to specific regulatory requirements and frameworks
  • Risk classification — Link jurisdictions to risk ratings and compliance requirements
  • Temporal tracking — Track changes in jurisdictional requirements and risk levels over time
  • Entity linking — Connect customers and entities to jurisdictions for compliance and risk assessment
  • Multi-jurisdictional analysis — Analyze customers and entities operating across multiple jurisdictions
  • Compliance automation — Automate jurisdiction-based compliance and risk assessment

Business Value

  • Regulatory compliance — Meet jurisdiction-specific regulatory requirements
  • Risk assessment — Assess risk based on jurisdictional relationships
  • Due diligence — Determine appropriate due diligence measures based on jurisdiction
  • Data quality — Maintain consistent and accurate jurisdiction reference data
  • Operational efficiency — Automate jurisdiction-based compliance processes
  • Strategic insights — Understand jurisdictional distribution of customer and entity base