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    CASE STUDY

    KYC Uplift

    Experts in KYC remediation​​

    Background:

    • The GBM division of a Tier 1 Canadian Bank had a KYC backlog of trading clients – globally, requiring immediate uplifting for AML regulations.​
    • They also required assistance ensuring all counterparties held the appropriate trading documentation where applicable e.g. Dodd-Frank, Initial Margin, ISDA etc.

    What we did:

    • Built a 25 person team, working onsite at the clients Toronto office.
    • Carried out a data enrichment exercise to streamline the list of in-scope clients and associated products ahead of outreach and customer reference data collection​.
    • Analysed all customer data received, ensuring compliance with multiple global KYC policies (APAC, US and UK) and trading regulations​.
    • Ensured all data and documentation was accurately stored on Fenergo, their chosen vendor for their KYC workflow.

    The results we achieved:​

    Remediation AML uplift completed for 10,000 client files​.

    Efficiency The first derivative’s team met all deliverables ahead of deadline​.

    Quality QA embedded across all remedial activity​​.