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Customer Identification Program (CIP)
OneSumX for AML includes:
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Enhanced Due Diligence (EDD) processes
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Suspicious activity detection
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Customer AML/Terrorist Funding risk assessment
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Case investigation
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Suspicious Activity Report (SAR) submission
Without a comprehensive BSA/AML program, you face the risk of:
Costly fines that directly impact your bottom line
Legal battles that absorb critical financial and human resources
The ongoing impact of declining share value
Reputational damage from which it may be difficult to recover
How we add value to your business:
Wolters Kluwer provides industry-leading solutions for fighting financial crime across the organization, enabling collaboration to better manage risk, protect customers, and secure institutional assets and reputation.
Our staff of financial crime and technology experts, including many former bankers and regulators, understands the challenges of preventing financial crime and achieving regulatory compliance.
Expert insights
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ArticleComplianceFinanceMarch 26, 2024PS15/23 and Basel 3.1: A guide for small UK domestic deposit takersWith the Basel III reforms aka Basel 3.1 standards to be fully implemented by July 1, 2025 in the UK, the PRA is proposing a simplified prudential framework for non-systemic domestic banks and building societies.
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ArticleComplianceFinanceMarch 19, 2024Unlocking the power of granular data reporting for financial institutionsAchieve regulatory compliance with precision: Explore how granular data reporting enhances oversight and reduces the reporting burden for financial institutions in our detailed guide.
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WebinarComplianceFinanceMarch 13, 2024Strengthening your bank's future with ALM and IRRBB in the APAC regionThis webinar will delve into the evolving banking landscape in the APAC region and explore the crucial role of Asset Liability Management (ALM) and Interest Rate Risk in the Banking Book (IRRBB) in navigating the challenges faced by banks.
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Press ReleaseComplianceFinanceMarch 06, 2024Wolters Kluwer wins Best Regulatory Compliance Solution for IFRS 9 at the RegTech Insight APAC AwardsOneSumX IFRS 9 has won the RegTech Insight APAC Awards 2024 for the Best IFRS 9 Solution. The solution supports clients with the implementation of the full International Financial Reporting Standard 9 (IFRS 9).
