KYC Remediation
Overview
KYC Remediation closes gaps in existing customer files discovered through audits, regulatory exams, mergers, or system migrations. Activities include retrieving missing documents, correcting data quality,clarifying UBO chains, and re-screening customers. Programs should segment the portfolio by risk and materiality, prioritize high-impact cases, and establish SLAs.Automation helps pre-fill data, trigger outreach, and route exceptions; quality control and sampling ensure consistent decisions. Strong governance tracks backlog, aging, defect rates, and root causes so upstream controls improve. For regulators, transparent plans, timelines, and evidence repositories demonstrate seriousness and effectiveness. Well-executed remediation reduces penalties, restores correspondent relationships, and hardens the program against repeat findings.
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Explore tools that help you onboard, monitor, and verify with confidence
One Touch KYC
Simplify the Know Your Customer (KYC) process with AI and sophisticated fraud detection algorithms to provide a seamless, efficient, and highly secure user verification.
Database Verification
Verify user information instantly by connecting to trusted databases across jurisdictions. Ensure accuracy, compliance, and faster onboarding with real-time data checks.
Criminal Screening
Thorough background checks and criminal record verification to ensure compliance and maintain security standards in your onboarding process.
