Exiger professionals have extensive industry experience developing, staffing, and running complex business processes involving transaction reviews and Know Your Customer (KYC) and Enhanced Due Diligence (EDD) processes. We develop, document, and implement highly efficient review processes that provide our clients with cost-effective means to resolve their substantial lookback and remediation obligations.

Transaction Reviews & Look backs

The current regulatory environment requires financial institutions to have an effective transaction monitoring system that includes sound procedures to review system-generated alerts. Exiger provides transaction review and look-back services to financial institutions that experienced increased transaction alerts, staff reductions, or were mandated to conduct a look back.

Transaction Review Experience 

Exiger’s team includes skilled transaction review specialists, able to remediate an alert back-log or conduct a historical alert look-back to target potentially suspicious or unusual activity.

Our experienced global advisory professionals have conducted remediations and look backs in

  • Investment banking trading accounts;
  • Private bank and private wealth accounts;
  • Correspondent and commercial banking;
  • Retail and credit cards;
  • Prepaid debit cards; and
  • Asset management.

Exiger offers:

  • Scalable teams to review transaction alerts; 
  • Experienced investigators to review cases and identify potentially suspicious activity;
  • SAR writers; and
  • Project management personnel to ensure adherence to timeframes and budgets; and
  • Personnel to conduct Quality Assurance (QA) reviews on alert and case work.

Systematic Approach to TM Look backs 

Exiger utilizes a systematic approach and methodology, created with our clients and tailored to their unique needs. In weekly meetings for our transaction review and look back engagements, we consistently provide our clients with information that demonstrates our progress and budget against original expectations and estimates.

KYC and EDD Remediations

Establishing a sustainable KYC program amidst evolving regulatory demands is becoming more costly and challenging than ever for financial institutions.

A new wave of regulatory scrutiny has made money laundering and sanctions compliance a global necessity with billions of dollars in fines and penalties at stake. These heightened regulatory expectations to ensure compliance require periodic review and remediation of KYC and EDD information, which can overextend teams and interrupt the onboarding of new customers.

Exiger’s unparalleled foresight into regulatory trends, requirements, and the appropriate level of diligence give financial institutions the ability to leverage resources to ensure timely updates to KYC and EDD files.

KYC Remediation Experience 

Exiger’s accomplished financial crime professionals harness their experience with key global regulators in the US, UK and Asia to help clients navigate today’s regulatory landscape.

Exiger offers:

  • Scalable teams to review KYC documentation and perform EDD research;
  • Smart technology for practical solution-based projects;
  • Experienced project personnel capable of manually reviewing large numbers of account files, conducting active due diligence to satisfy KYC, Customer Identification Program (CIP) and EDD requirements; and
  • A Quality Assurance (QA) process and personnel to ensure client and regulatory standards are met.

Tech-Enabled KYC Remediation/Periodic Reviews

Exiger leverages cognitive computing to deliver cost-effective, automated due diligence research process with consistent, accurate, and auditable results for a large account population.

Whether bringing a client file up to new regulatory standards or enhancing a client file as part of a scheduled review process, we help with periodic reviews of client KYC documentation and EDD research. The Exiger team understands complex corporate structures and is experienced in identifying red flags, material negative media, and beneficial ownership. Our tools can proactively address concerns and deficiencies identified through internal control reviews or in response to regulatory directives.