CUSTOMER SCREENING

The foundation for money laundering and terrorist financing compliance is to know your customer through customer screening programmes. Understandably, not all firms have been able to keep their KYC data updated. We help financial institutions:

  • Assess current processes and mitigate KYC risk by reviewing relevant information from multiple customer systems against regulatory standard and internal policies.

  • Design blueprints based on best practices, and implement supporting processes and technology solutions.

  • Evaluate end-to-end process risks and operating effectiveness of mitigating controls, using a statistical sampling methodology.

  • Where required, we carry out large-scale mapping of customers-to-payments to look for patterns and relationships that are relevant to updating customer records.