KYC Remediation

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.