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 […]
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 […]
Setting up a Global KYC COE Business Challenge An investment bank based out of USA wanted to address AML compliance deficiencies affecting their business and roll out a revised KYC due diligence process Solutions Helped client in the identification of a unique set of customers from each business vertical, customer information gaps and project timeline […]