During the customer on-boarding and account maintenance process, exceptions may be generated. When these exceptions arise in customer due diligence processes, a strong KYC data remediation solution can help organisations vet the customers they want to retain.
The process of dispositioning alerts can also be costly in terms of time and resource when internally conducted. Level one alerts will incorporate false positives and low risk individuals, the management of which can tie up internal teams. LexisNexis® Risk Solutions can expedite the process through an efficient and effective alternative, in the form of outsourced KYC remediation.
Our team of anti-money laundering (AML) research experts review KYC alerts generated through financial crime compliance screening processes, dispositioning false positives and escalating genuine hits back for further review. This enables your valuable internal resource to focus on areas of most impact.