Know Your Transactor

Know your correspondent bank’s customers

In recent years, several major criminal prosecutions by US regulators have resulted in over $5 billion in fines relating at least in part to institutions not knowing their customer’s customer. It is clear that knowing your correspondent is not enough anymore. Leading global banks trust RDC to help them:

  • Screen and monitor all high-risk parties involved in a transaction against comprehensive sanctions, PEP and adverse media data without generating false positives.
  • Conduct quick yet effective due diligence into all alerts for a full evaluation of risk and informed decisions.
  • Implement a robust workflow for event monitoring with a rentable technology platform that drives productivity and effectiveness.

Know your correspondent bank’s customers

In recent years, several major criminal prosecutions by US regulators have resulted in over $5 billion in fines relating at least in part to institutions not knowing their customer’s customer. It is clear that knowing your correspondent is not enough anymore. Leading global banks trust RDC to help them:

  • Screen and monitor all high-risk parties involved in a transaction against comprehensive sanctions, PEP and adverse media data without generating false positives.
  • Conduct quick yet effective due diligence into all alerts for a full evaluation of risk and informed decisions.
  • Implement a robust workflow for event monitoring with a rentable technology platform that drives productivity and effectiveness.

Products