Technology Category
- Networks & Connectivity - NFC
- Robots - Wheeled Robots
Applicable Industries
- E-Commerce
Use Cases
- Regulatory Compliance Monitoring
About The Customer
The customer in this case study is a global mobile payment services company. This company is the parent of multiple in-country mobile payment services providers. These providers operate in various countries, each with its own set of regulatory expectations and standards. The parent company is responsible for ensuring that all its in-country operations are in compliance with global Anti-Money Laundering (AML) program standards and operating requirements. This is a complex task due to the diverse regulations in different countries. The company needed a solution that would streamline this process and ensure compliance across all its operations.
The Challenge
The parent company of multiple in-country mobile payment services providers was facing a significant challenge. They needed to align the local market regulatory expectations and in-country operations with global Anti-Money Laundering (AML) program standards and operating requirements. This was a complex task due to the varying regulations and standards in different countries. The company needed a solution that would not only ensure compliance with these diverse regulations but also streamline their operations to maintain efficiency and effectiveness.
The Solution
Exiger, a global regulatory and financial crime, risk and compliance company, provided the solution. They developed an enterprise-wide AML program framework for the parent company. This framework was designed to align the business controls and AML program operations of the in-country operations with both Group standards and local regulatory expectations. The solution was implemented in a number of in-country operations, ensuring that they were in line with both the Group standards and the regulatory expectations of their respective countries. This comprehensive solution provided a unified approach to AML compliance across the company's global operations.
Operational Impact
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