Global Corruption Impact Dashboard As the world becomes increasingly connected and intertwined, so do the fortunes of various economies and regions. This has become increasingly apparent in areas such as trade, terrorism, social instability, technology and migration. There is growing evidence to support that along with the positive effects of globalization, various negative drivers also […]
CoE for global PEP Business Challenge US Legislations requires businesses to identify and track their revenue earned directly or indirectly from cannabis / Marijuana related business sources A comprehensive and accurate data asset was required to monitor and report the transactions with entities earning revenues from marijuana related business Solutions Capturing information from about 275 […]
CoE for global PEP Business Challenge Requirement of a Global Database of Politically Exposed Persons (PEP) with their classification based upon administrative structure of country Identification of businesses, foundations and associations of PEPs Solutions Prepared a scoping document to keep a track of changes in the PEPs due to elections, resignation, death etc., Profiling of […]
Source of Wealth (SoW) remediation exercise as part of its AML compliance program Business Challenge A US based bank with significant customers in Latin America wanted to remediate the source of 5000+ customers from over 100 countries Solutions Conducted Source of Wealth remediation exercise solutions Memos included identification and analysis of the source of wealth […]
Online Intellectual Property Infringers data Repository Business Challenge Global compliance database company required a data asset on online IP infringer, online frauds, cyber criminals and sanctions Requirement of a comprehensive solution for monitoring infringing and rogue mobile applications across major mobile application market places Solutions We developed a due diligence repository for over half-a-million entities […]
Transaction Monitoring Optimization Business Challenge Our client faced a high volume of monitoring alerts which adversely affected identification of suspicious transactions and wanted to expedite the alert disambiguation process, identify the false positives and increase review effectiveness Solutions Established an effective AML alert disambiguation processes Optimized the automatic transaction monitoring thresholds Risk profiling of the […]
Name screening in KYC Process Business Challenge According to BSA, USA PATRIOT Act, International FATF recommendations and US legislative regulations, A financial institution is required to conduct diligence on a potential client prior to engaging in a business relationship A banking client wanted KYC Remediation and name screening of the India domiciled accounts Solutions Identified […]
Development of a Unified KYC Platform Business Challenge A large US based corporate & investment bank wanted a customized KYC platform to streamline and standardize their KYC process which included customer on-boarding, customer due diligence (CDD), risk scoring and KYC refresh Solutions Prepared a Business Requirement Document (BRD) for Unified KYC platform that optimized the […]
Global sanctions repository for 155 countries Business Challenge To develop a specific product related to compliance of individuals and entities listed in the sanctions list issued by various regulatory authorities such OFAC, UNSC, EU etc. Solutions Developed the database of about 110,000 profiles of sanctioned subjects and along with their association Screening Solution for sanctioned […]
KYC Due-diligence post acquisition of a bank Business Challenge Integration of processes and compliance with US KYC regulations post a significant Hedge Fund acquisition Solutions We developed the project plan; communicated and obtained the buy-ins from all locations Conducted background checks and delivered a Customer Risk Matrix summarizing the percentages of customers at different levels […]
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