Home / Transforming Regulatory Operations & Strengthening Compliance
Our client, a financial institution, experienced escalating regulatory pressure tied to its prepaid and fintech partnerships. Missing transaction feeds resulted in unworked alerts from prior years, and regulators required a comprehensive lookback. At the same time, a growing backlog of “business-as-usual” transaction monitoring and sanctions alerts placed the bank at risk of falling further behind, including exposure to potential Office of Foreign Assets Control (OFAC) violations.
The client needed a trusted partner to rapidly clear tens of thousands of alerts, remediate compliance gaps and strengthen operational controls—all while under heightened scrutiny from their regulators.
Within two weeks, we assembled and deployed a flexible team of nearly 80 experienced financial crimes investigators, technologists and compliance professionals to quickly attack the problems and prevent further aging. Together with the client, we:
The client made measurable progress across multiple remediation areas and restored credibility with regulators. Key outcomes included:
As a result of our work, the bank emerged with stronger governance, scalable compliance operations and a sustainable approach to managing financial crime risk.
Join our monthly newsletter for insightful articles from our subject matter experts, along with real-world case studies showcasing our impact.