KPMG
KPMG is a leading worldwide provider of professional services, which include audit, tax, financial and risk advisory. As part of its Global Advisory Services it offers Anti-Money Laundering systems and controls for clients, as well as conducting money laundering investigations and reviews.
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KPMG partnered with Datactics to detect, control and report fraudulent activity within transactions for an anonymous major banking client. As part of an Anti-Money Laundering program, the organization required a powerful solution that would effectively analyze, re-engineer and match over 14 million records to reveal blacklisted countries, blocked persons and at risk transfers as well as highlight selected trigger terminology such as ‘diamonds’ and ‘guns’.
The benefits included full compliance with regulations and fundamentally safeguarded the organization against prosecution and a substantial financial penalty. Datactics played an integral role in managing market, credit and operational risk with the delivery of a powerful, efficient solution and an excellent support service.
