What they neded
A comprehensive due diligence and risk review, conducted by an experienced team of analysts, which included bilingual speakers fluent in Mandarin, Korean, Russian and Japanese, across a broad range of high risk client accounts.
How we helped
Momenta sourced a team of 30 qualified and experienced senior analysts to support the business in a number of crucial risk review activities, including:
- Investigative research on prospective clients
- Checking specific customer information (and transactions) and account documents to research and resolve issues
- Analyse existing clients source of wealth, beneficial ownership and other risk information inc. hedge funds, mutual funds, SPV & PIV, trusts, private companies, partnerships, financial institutions, government entities, charities and pension accounts
- Running daily surveillance of client accounts for anomalous, high risk or negative information
- Liaising with Risk, Operations, and Technology teams & external vendors regarding due diligence and other information requests
- Supporting core functions of the KYC Unit on media surveillance, sanctions list screening and due diligence policies and procedures.