Screening for Politically Exposed Persons (PEP)

With the recently updated guidance from the Wolfsberg Group around Politically Exposed Persons (PEP), many financial institutions are taking a closer look at how they assess risk and screen this community.

Learn how using RDC’s PEP Connect database, and parameters around PEP Type, PEP Level and PEP Risk Score, enabled a bank to define a risk based approach to PEP screening that ultimately eliminated much of the ‘noise’ from the process. The results? A 94% decrease in alert rate, which allowed the bank to discontinue use of contingent staff, and refocus their internal team on strategic priorities.

Download

18

September

2018

It Takes Two To Tango: The Interdependence of Data and Technology

By Michael Kerman | September 18, 2018 Everyone’s talking about artificial intelligence and machine learning (AI and ML). But what’s […]

View more
11

September

2018

Combating Modern Slavery and Human Trafficking: What Financial Institutions Should Know

The issue of modern slavery continues to be a sensitive topic within the private sector. A lack of experience of […]

View more
03

August

2018

Using Cognitive Prediction to Confront Terrorist Financing

Traditionally, the approach to dealing with terrorist financing starts by breaking it down into two kinds of needs: supporting organizational […]

View more
24

July

2018

Tracking Risks Regarding Marijuana Related Businesses: Seed to Sale Monitoring

With conflicting opinions from state and federal legislation and limited guidance from the Department of Justice and FinCEN, financial institutions […]

View more

Best in Class Onboarding

Sarah Kocianski: Best in Class Onboarding | June 12, 2018 (A version of this article was originally published on 11:FS […]

View more
26

June

2018

Insurers turn to artificial intelligence in war on fraud

By Steven Melendez | June 26, 2018 (A version of this article was originally published on FastCompany.com) Using artificial intelligence […]

View more
26

June

2018

Modern Slavery Typologies for Financial Services Providers

by The Mekong Club   | June 26, 2018 This project aims to equip financial service professionals with an understanding of […]

View more
19

June

2018

Surfing Uncertainty To Confront Terrorism Financing

by Thomas M. Obermaier, RDC   | June 19, 2018 Keynote presentation to the FinTech FinCrime Exchange (FFE) in London, UK […]

View more