Outsourced KYC remediation from LexisNexis® Risk Solutions
Our Alert Remediation service leverages a vast team of experienced anti-money laundering (AML) analysts who remediate Level One alerts to your pre-defined standards and integrate with your existing processes. By focusing on the high-volume, low-level alerts, our AML analysts can free up your internal resource to focus their efforts on alerts which present a higher risk.
Whatever the volume of alerts you need to process, our team can provide the necessary scale without the associated overheads; helping you to cut compliance costs and maintain the high standards your policies mandate.
£700m-£1bn is being spent annually by major international banks on financial crime compliance.*
*Future Financial Crime Risks – A LexisNexis Risk Solutions report produced for the British Bankers’ Association.
How does Alert Remediation work?
Security – a cornerstone of Alert Remediation
LexisNexis® Risk Solutions Alert Remediation encompasses a range of controls to help ensure the protection of your data.
Client Data Access ControlsStrict need-to-know access, data encryption and physical security measures protect your data.
Personnel Security ControlsPre-employment background screening, regular training and incident management procedures help to ensure the quality and diligence of our staff.
Network Security ControlsMultiple mechanisms including restricted data access and usage rights, a dedicated virtual network and ongoing audits help maintain network integrity.
Physical ControlsOnsite security, physical barriers and ongoing monitoring help ensure the security of offsite locations.
Increase your operational efficiency
Scale on demand
Maximise staffing flexibility – scale up and down as business needs dictate.
Reduce employee overheads, offset the challenge of staff churn.
Write more business
Reduce customer friction and acquire more customers.
Optimise internal resource
Free up internal resource to focus on high risk alerts.
Alert Remediation can support:
Full customer portfolio remediation
When you need to conduct bulk retrospective name screening, Alert Remediation can help to manage any generated alerts.
Our AML specialists support KYC remediation as part of your Business As Usual processes.
Ongoing customer monitoring
A change in regulation or addition of a new watchlist can result in an uplift in alerts. Our service can scale to meet your business needs.
Discover how LexisNexis® Alert Remediation can support your AML remediation process
Please call 029 2067 8555 or complete the form and we will be in touch shortly to discuss your requirements…