AML Remediation Service - Outsourced KYC Remediation

Extend your remediation team, and streamline the alert management process

Remediating alerts generated by Know Your Customer (KYC) and sanctions screening can be an expensive activity; in terms of time, money and lost business. However, managing KYC remediation internally isn’t your only option. LexisNexis® Alert Remediation is a secure, scalable and cost-effective outsource service which can be utilised to remediate Level One KYC and Sanctions alerts quickly, to help you:

Expedite the remediation process
Reduce customer friction and on-board more clients
Focus resource on high-risk alerts
Reduce operational costs and preserve the bottom line

Get Started

Outsourced KYC remediation from LexisNexis® Risk Solutions

Our Alert Remediation service leverages a vast team of experienced anti-money laundering (AML) analysts who remediate Level One alerts to your pre-defined standards and integrate with your existing processes. By focusing on the high-volume, low-level alerts, our AML analysts can free up your internal resource to focus their efforts on alerts which present a higher risk.

Whatever the volume of alerts you need to process, our team can provide the necessary scale without the associated overheads; helping you to cut compliance costs and maintain the high standards your policies mandate.

£700m-£1bn* is being spent annually by major international banks on financial crime compliance.

* Future Financial Crime Risks – A LexisNexis Risk Solutions report produced for the British Bankers’ Association.

How does Alert Remediation work?

Get Started

Security – a cornerstone of Alert Remediation

LexisNexis® Risk Solutions Alert Remediation encompasses a range of controls to help ensure the protection of your data.

Client Data Access Controls

Strict need-to-know access, data encryption and physical security measures protect your data.

Personnel Security Controls

Pre-employment background screening, regular training and incident management procedures help to ensure the quality and diligence of our staff.

Network Security Controls

Multiple mechanisms including restricted data access and usage rights, a dedicated virtual network and ongoing audits help maintain network integrity.

Physical Controls

Onsite security, physical barriers and ongoing monitoring help ensure the security of offsite locations.

Increase your operational efficiency

Scale on demand

Maximise staffing flexibility – scale up and down as business needs dictate.

Reduce overheads

Reduce employee overheads, offset the challenge of staff churn.

Write more business

Reduce customer friction and acquire more customers.

Optimise internal resource

Free up internal resource to focus on high risk alerts.

Alert Remediation can support:

Full customer portfolio remediation

When you need to conduct bulk retrospective name screening, Alert Remediation can help to manage any generated alerts.

Customer on-boarding

Our AML specialists support KYC remediation as part of your Business As Usual processes.

Ongoing customer monitoring

A change in regulation or addition of a new watchlist can result in an uplift in alerts. Our service can scale to meet your business needs.

Complete the form below to discuss KYC remediation

Find out how outsourcing your KYC remediation with LexisNexis® Alert Remediation can save you time and money.

FIRST NAME *

LAST NAME *

Work Email *

Phone *

JOB TITLE *

COMPANY *

INDUSTRY *

Country/Region *

LexisNexis Risk Solutions UK Limited and our group companies may email you updates about our products, services, events and the latest industry insights. You can always opt-out from receiving such messages as set out in our Privacy Policy.

Who is LexisNexis® Risk Solutions?

LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers across industries. For more information, please visit risk.lexisnexis.co.uk and relx.com.

LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc. Other products and services may be trademarks or registered trademarks of their respective companies.

LexisNexis Risk Solutions UK Ltd is a company registered in England & Wales at Global Reach, Dunleavy Drive, Cardiff CF11 0SN. Registration number 07416642.

Tracesmart Limited is a LexisNexis company, operating under the trading name of LexisNexis, with an England & Wales Registration Number 3827062. Registered Office is Global Reach, Dunleavy Drive, Cardiff CF11 0SN. Authorised and regulated by the Financial Conduct Authority (Firm Reference number 742551).