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 of risk
  • Our due-diligence specialists conducted the on-boarding due-diligence for 3,500 customers across 7 locations; complied with the US regulatory guidelines
Impact
  • Provided assistance in process alignment, testing of the Technology platform, due-diligence of customers, project management and reporting on this significant integration effort
  • Effective KYC remediation consistent with local and global KYC policies of the bank