KYC Remediation Service

KYC Remediation work includes the following:

Helping customers review their existing KYC records and periodic review and findings for remediation
Liasing with stakeholders to clear their backlog of KYC documents on their customer files to meet current regulatory standards and mitigate customer associated risk
Completing data analysis and identification of controlling parties and beneficial owners
Identifying areas of deficiencies that require remediation – including, where agreed with customers, ensuring the customer CRM solutions are up to date with the latest KYC information and data
Re-assessing and re-classifying customer ratings with the evolving risk tolerance of firms