Case Study: Volkswagen Financial Services achieves fast, compliant global PEP and sanctions screening with LexisNexis Risk Solutions

How an organization was able to meet arising requirements by using WorldCompliance Data

Volkswagen Financial Services AG, which supports sales of Volkswagen Group brands in 49 countries and leases 28% of the Group’s cars (57% in Germany), relies on a nine‑person compliance team at its German headquarters. When Germany’s Geldwäschegesetz (AML Act) required screening for politically exposed persons (PEPs), VWFS needed a scalable, multi‑license solution that could meet diverse local requirements while allowing the headquarters to set group‑wide guidelines and coordinate regional risk reporting.

Since 2007 VWFS has used LexisNexis® WorldCompliance™ Data in 16 countries to batch and real‑time screen its full client database against PEP and sanctions lists, delivering potential matches within seconds and streamlining KYC processes. The solution provided the needed flexibility for local and group compliance, improved screening efficiency, and came with excellent account support, leading VWFS to recommend LexisNexis Risk Solutions to other companies.

Volkswagen Financial Services

Susan Koschnitzki

Compliance Department Attorney