Tonight, April 9, 2019, cbdMD, a Level Brands company (NYSE American: LEVB), will serve as the co-presenting sponsor with Kitchen Toke Magazine for a dinner celebrating fashion designer Prabal Gurung’s official launch of his Fall/Winter 2019 modern, luxury women’s collection at Bloomingdale’s New York. With a distinct focus on quality, innovation, and community, cbdMD’s partnership with Kitchen Toke was built on shared values.

Hosted at Café Clover, the celebratory dinner commemorates Prabal Gurung’s collection being sold in a dedicated space at Bloomingdale’s headquarters in their New York City store. Attendees, including ELLE Magazine, NY Times, The Daily, Vogue, Huffington Post, Vanity Fair, and a wealth of fashion influencers, will receive a range of cbdMD CBD oil products as well as a specialty dessert infused with cbdMD’s Natural CBD Oil.

“As our industry continues to develop and break down barriers, it’s important for CBD brands to keep category education and awareness at the forefront,” said Caryn Dunayer, Co-Founder and President of cbdMD. “Partnering with Prabal at Bloomingdale’s is a no-brainer – we are able to educate a large group of customers that align well with our mission regarding all-natural alternatives for health and wellness.”

Born in Singapore, raised in Nepal, Gurung has excelled in American fashion with designs worn by trendsetters like First Lady Michelle Obama. He has been recognized for his achievements and unique approach to style with many awards, including the 2010 Ecco Domani Fashion Fund Award, USA Network’s Character Approved Award recipient in 2011, named goodwill ambassador of Maiti Nepal, recipient of the 2011 CFDA Swarovski Award for Womenswear, and was honored in 2015 with the inaugural Creativity Award from The Drawing Center – to name a few.

cbdMD has also been acknowledged for their approach to innovation in the CBD industry. Among many firsts, cbdMD was the first CBD company to join the New York Stock Exchange, is the official founder of national CBD Day, was the first cannabis company to advertise in Times Square and in ELLE Magazine. cbdMD was also named Entrepreneur Magazine’s 2018 CBD Editor’s Choice for the top 100 Cannabis Leaders Issue.

For a sneak peek of the line, click here; to purchase your premium CBD oil products, visit:

www.cbdMD.com.

Forward-Looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” ”estimates,” ”projects,” ”forecasts,” ”expects,” ”plans,” and ”proposes.” These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Level Brands, Inc.’s Annual Report on Form 10-K for the fiscal year ended September 30, 2018 as filed with the Securities and Exchange Commission (the “SEC”) on December 12, 2018 and our other filings with the SEC. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Level Brands, Inc. and are difficult to predict.  Level Brands, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.

SOURCE: cbdMD

LexisNexis® Risk Solutions has been awarded the “Best AML Solution” in the Asian Private Banker Technology Awards for the second consecutive year. The award recognizes LexisNexis Bridger® Insight XG as the premier screening tool in the market, helping private banks and other institutions reduce complexity, increase efficiency, boost profitability and tackle financial crime.

“We are honored to receive this significant award from Asian Private Banker,” said Thomas C. Brown, senior vice president, U.S. Commercial Markets and Global Market Development, LexisNexis Risk Solutions. “It reflects the quality of Bridger Insight XG, which provides robust intelligence and a unified workflow to strengthen risk oversight through a single point of entry, while reducing consumer onboarding friction. This influences the entire consumer experience and helps boost bank profitability by helping consumers transact faster. Institutions in Asia have never been under so much pressure to comply with regulations aimed at combatting financial crime. Harnessing technology is crucial ⸺ Bridger Insight XG allows compliance personnel to review personal and business histories to gather critical Know Your Customer details via its link to profiles of over 3 million individuals and companies, covering more than 50 risk categories, such as sanctions, money laundering and politically exposed persons.”

LexisNexis Risk Solutions is tackling a chronic problem for private banks and wealth management firms ⸺ ‘false positives’ when screening for money laundering. A false positive is a result that wrongly indicates a positive result during the screening process, slowing the adoption of good clients and diverting financial crime compliance resources from managing true risk issues.

“In 2018, we began expanding the use of machine learning within Bridger Insight XG to reduce false positives. LexisNexis Risk Solutions will also be implementing new technology that allows private banks and wealth management firms to identify and address substantial hidden risk in their anti-money laundering compliance efforts, specifically around sanctions screening this year” said Doug Wolfson, director, financial crime compliance strategy at LexisNexis Risk Solutions. Digital identity risk exposes institutions to potential threat of massive fines and reputational damage, while allowing terrorist financiers, money launderers and fraudsters to move money through the global financial system with impunity. The new digital identity technology monitors the sanctions risk of digital identity transactions in real time, a significant innovation not provided by any other vendor. Private banks and wealth management firms will be able to monitor whether they face any potential sanctions risk from where their clients are located with the increased uptake of web portals and internet servicing amongst their clients.

LexisNexis Risk Solutions is uniquely able to innovate this new digital identity technology due to its 2018 acquisition of ThreatMetrix®, a global digital identity company with roots in Australia.

SOURCE LexisNexis Risk Solutions