Genpact provides end to end KYC remediation including identification, verification and sourcing of documents and PEP screening. We can also perform a review of all existing KYC documentation and perform a gap analysis with respect to prevailing regulations in that geography. We deliver operations support for ongoing KYC and as well has support in surge requirements for remediation efforts.
We have detailed capabilities around - Detailed regulatory understanding of jurisdictions across US, EU and parts of Asia-Pacific including Japan and Australia
- Business language capabilities of more than 25 major languages
- Right-shore based remediation that delivers offshore savings with on-site regulatory and language expertise
Benefits
Genpact’ s proven operating procedures for KYC remediation, delivered through globally located resources provide:
- Global template of AML processes based on US, FATF and EU guidelines
- Single view of customers, applications and reference data
- Best in class operations leading to better compliance and risk management
Our approach - Review customer profiles and documentation for completeness
- Perform Customer Identification Procedures (CIP) as per applicable guidelines
- Beneficial shareholders identification and background screening
- Sanctions and negative news screening
- Risk profiling and Enhanced Due Diligence (EDD) if necessary