Regardless of industry, compliance screening and risk management processes generate workload for internal teams to manage. Exhaustively screening for risk relevant information can lead to overwhelming volumes of false positives and immaterial alerts. Employing less stringent methods of screening may result in high profile misses and potential reputational risk management issues.
RDC offers a range of compliance analyst services to eliminate this challenge by:
- Conducting first round investigations to clear false positives and irrelevant alerts.
- Working to client rules to carry out materiality and proximity reviews.
- Augmenting Know Your Customer reports with relevant and critical third party data.
Clients benefit from a sizable decrease in workload, an enhanced focus on the real risks they face and improved compliance screening efficiency.