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Regions

Summary

Region reference data represents geographic regions, their risk classifications, and relationships to countries and jurisdictions. Regions may be defined by geography, economics, politics, or regulatory frameworks. Understanding regions is important for risk assessment, sanctions screening, and geographic analysis.

This concept is used by:

  • Client 360 / Know Your Customer - For regional risk assessment and sanctions screening
  • Legal Entity Management - For entity regional presence and compliance

The Challenge

Organizations face challenges in region reference data management:

  • Definition complexity — Regions can be defined in multiple ways (geographic, economic, political, regulatory)
  • Risk classification — Determining and maintaining region risk ratings
  • Relationship mapping — Understanding relationships between regions, countries, and jurisdictions
  • Dynamic changes — Region risk levels and definitions change over time
  • Multi-regional operations — Determining which regions apply to customers and entities with multi-regional operations
  • Data consistency — Ensuring consistent region data across systems
  • Sanctions implications — Tracking which regions are subject to sanctions or embargoes
  • Regulatory requirements — Understanding region-specific regulatory requirements

Why EKG is Required

Enterprise Knowledge Graphs provide powerful region reference data management capabilities:

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

Business Value

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