Investment & Banking Firm Successfully On-boards Institutional Client With AML Legal Tech

“The Client is a Fortune 500 company that provides banking, investing, and insurance services to their clients. They have almost 100 years of experience in the field of investment and insurance, and are a trusted brand by millions of Americans. “

Challenge

The client needed to onboard an institutional organization. They reached out to LegalEase Solutions to run an Anti Money Laundering (AML) due diligence check on the organization.

Solution

LegalEase Solutions has extensive experience with AML support projects in the financial sector
LegalEase mobilized an AML support team to launch the project immediately
The AML support attorneys provided a seamless solution for the client’s customer onboarding process
- The LegalEase team determines whether funds are obtained legally
- Counter party names are screened against AML watchlists, adverse media, and enforcement actions databases to mitigate money laundering risks
- If a potential counterparty is suspected to have engaged in money laundering, or poses as a money laundering threat, they are immediately reported to the client
LegalEase Solutions was available to take on all types of AML check requests, whether they were expedited or not

Results

LegalEase Solutions promptly shared the AML verification documents within the requested timeline
The Client’s client’s financials and sources were thoroughly vetted against an exhaustive AML list
The LegalEase Solutions team helped the client meet their internal timelines

Investment & Banking Firm Successfully On-boards Institutional Client With AML Legal Tech

Challenge

Solution

Results

Solutions

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