Exiger, a global regulatory and financial crime, risk and compliance company, was retained for five months to conduct the Enhanced Due Diligence (EDD) file remediation. This included all customer open-source research analysis and watchlist screening of approximately 20,000 associated parties. Given the sensitive timeline, Exiger quickly deployed a large team and established both process and technology to start reviewing files within days. They completed customer screening to identify negative media and quickly escalated risks that may be outside of the client’s risk appetite. Exiger also provided regular, detailed Management Information (MI) to report on the project process to key internal stakeholders, which assisted in discussions with the regulator.
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