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We use LexisNexis as an additional tool for customer due diligence (e.g., address verification, derogatory media, TIN status, company formation information). As a data aggregator, the vendor is not Critical, but I am not sure if the vendor should be classified as High Risk and how much due diligence documentation, I should obtain to complete a Risk Assessment. Looking forward to your comments on the best practices being used by those who have LexisNexis as a vendor.
Thanks.