Case Study

Challenge South Africa has strengthened its anti-money laundering (AML) regulations in recent times, but it is still losing between $10 billion and $25 billion a year in illicit financial flows. In 2020 inter-governmental regulatory body the Financial Action Task Force (FATF)

Challenge We’ve been working with a customer who year-on-year were struggling to get through their periodic review cycles. Whether done internally or through an outsourced partner, the KYC refresh exercise was putting a significant burden on the organisation. The process practically

Challenge One of the main problems financial institutions face is the onboarding of high-risk wealth management customers, as it relies on the ability of a streamlined, automated solution to conduct enhanced due diligence for a large number of entities. A Tier 1

Challenge One of the largest banks in the United States came to Arachnys as they were looking to alleviate the challenge of conducting research globally. As is the case with many financial institutions, conducting KYC on a client base is timely

Challenge Large banks find difficulty with duplicative effort, a negative which decreases the overall efficiency of AML processes. One of the largest global banks, operating in 70 countries, was looking to streamline their AML investigations as 40% of their processes were

Challenge Global financial institutions must have up-to-date KYC files as a given, but when their worldwide remit covers many geographies, it is imperative that their processes meet country-specific regulations across the board. One of the world’s largest investment banks, headquartered in

Challenge The EU Compliance Team for a global Commercial Real Estate Investment company were looking for a solution to enhance their KYC and Enhanced Due Diligence (EDD) efforts for effective tenant onboarding, including additional Adverse Media Monitoring for their search engine

Challenge KYC and customer due diligence (CDD) has become an imperative for mining companies to mitigate risk exposure, and to adhere to anti-bribery and corruption (ABAC) enforcement actions. A global mining business, with primary trading hubs in Singapore and London, faced this

Challenge A new pharmaceutical brand needed the rapid implementation of a risk solution that they could trust to build out an audit trail. There had been inefficiencies within investigations, namely a lack of sufficient insights into compliance which would hinder their

Challenge Oil and gas businesses face the similar regulatory pressure as banks due to their trading activity and high international risk, particularly from bribery and corruption from a supply chain perspective. The trading arm of one of the world’s largest oil companies