Setterwalls assisted the financial rating institute Moody’s in the acquisition of Swedish Bogard AB, a leading provider of data and information on politically exposed persons (PEPs) in the Nordic region. The acquisition advances Moody’s ability to help customers perform Know Your Customer (KYC) screening and to identify PEP according to anti-money laundering legislation.
Bogard covers over 17,000 PEPs, relatives, and close associates across Sweden, Norway, Denmark, and Finland. The company collects, refines, and updates its data using various sources, including tax authorities, business and real estate registries, and other directories in the Nordic region.
Moody’s with a USD 70 billion market cap company listed on the NYSE is a global integrated risk assessment firm playing a key role in capital markets that empowers organizations to make better decisions. With over 13,000 employees in more than 40 countries, Moody’s combines international presence with local expertise.