- First Derivative’s client is an Australian based Capital Markets broker
- The client required support to facilitate ongoing in life periodic CDD reviews of its low, medium and high risk global investor and corporate client book
- Built a 55 person delivery team consisting of KYC analysts, QC’s, Pod leads, delivery lead and SME manager.
- The team conducted reviews on clients for the banks businesses globally applying regional/local CIP’s across EMEA, Asia, South America, North America, Australia & New Zealand.
- FD consultants carried out repapering for any non-AML requirements such as MiFID Classification, Dodd-Frank & Fatca/CRS if absent from client file.
- Conducted WorldCheck & Factiva screening for PEP’s, adverse news, sanctions exposure & any ESR risk.
The results we achieved:
Quality The team are ahead of the clients own teams in terms of quality scores.
Remediation 3500 client files successfully remediated.
Value The team have just completed the 4th extension of the project which speaks to the value and impact the bank see us making.
