Navigating today’s intricate regulatory landscape presents colossal challenges.
From meeting KYC norms to ensuring tax compliance, businesses face a myriad of complex and evolving regulations.
The struggle to efficiently manage reference data, streamline client onboarding, and respond swiftly to suspicious activities weighs heavily on compliance departments.
Solutions
Centralized KYC Platform
Accelerate client onboarding processes, reducing the time required to acquire new clients.
- A policy driven, risk-based approach across global markets.
- Insight into the increasing convergence of regional regulatory and policy requirements.
- Flexibility to build a combination of best available delivery mechanisms.
- Ability to synchronize internal and external databases.
- Effective client onboarding policy prototypes and best practices offered via benchmarking.
- A link between internal departments and customer for effective account onboarding, via people and technology.
- The capture of relevant risk parameters for assessment.
- Verifiable entity-account relationships.
- Principal or investment advisor/ indirect principal.
The delivery Combines:
- Domain expertise to design a client onboarding policy framework synchronizing regulatory, legal and business requirements.
- Industry experience to re-engineer, automate and improve global client onboarding support functions.
- Knowledge of banking operations to deploy proven governance and service standards.
- The eClerx policy framework to standardize policies with regulatory requirements and best practices.
Automated Transaction Monitoring
Swiftly detect and flag potentially fraudulent transactions in real time.
Transaction monitoring systems for the global banking industry continually evolve in their ability to screen large volumes of data using built-in triggers with automated thresholds for detection of potentially abnormal activity. While all alerts must be reviewed and thoroughly investigated, not every alert requires a SAR (Suspicious Activity Report) to be filed. eClerx provides assistance to your FIU (Financial Intelligence Unit) and investigative teams. Our risk-based approach and data analytics tools support transaction investigation and reporting by turning data into actionable intelligence. Our service helps to decrease investigative instances of false positives thereby reducing the high cost of operations caused by increased alert volumes and fluctuations in resources.
We offer the clients:
- Tier 1 and Tier 2 transaction investigation - Account and customer level transaction reviews.
- Management of suspicious activity alerts, subpoenas, national security letters (NSL), unusual activity referrals from the regional AML sanctions units, and law enforcement requests.
- Remediation of false positives and identification of true red flags.
- Preparation of case investigation files for bona fide alerts.
- Reporting - utilization of public and private databases for preparation of internal red flag reports and SAR production.
Holistic Reference Data Management
Our expertise, technology, and law firm affiliations helps eliminate errors and maintain compliance with upcoming deadlines
Today’s regulatory environment requires companies to quickly process customer requests, identify holdings and positions, assess and adjust risk levels, maximize operational efficiency and control, and optimize capital. eClerx Markets’ reference data management solutions are trusted by our clients to deliver improved quality and annual efficiency gains at a competitive cost.
Our industry-recognized solutions include:
- Client Data Services: Customer account setup and maintenance, SSI setup and maintenance, off-boarding, and corporate changes.
- Instrument Data Services: Instrument setup and maintenance, corporate actions, and pricing data maintenance.
- Market Data Services: Vendor management, financial management, demand management, and data control.
- Ancillary Services: Hierarchy management, contact management, control reporting, metrics and dashboards, data and analytics, remediation support, data outreach management, and project management support.
End-to-End Tax Compliance Solution
Streamline global tax operations for seamless and compliant reporting.
Provide a complete end-to-end solution for global tax compliance, combining automation and expert oversight, while offering tax calculation and reporting tools that ensure accuracy while reducing the manual workload.
This ensure
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Global Compliance:
Ensure compliance with global tax regulations, covering various jurisdictions. -
Operational Efficiency:
Enhance operational efficiency with automated tax calculations and reporting.