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 licensing authorities existing in USA
  • Public Record Requests were raised in case of unavailability of data
Impact
  • A robust and comprehensive data asset on individuals and businesses associated with Marijuana related business along with their ultimate beneficial owners (UBO)

  • Risk assessment based upon profiling of entities