Case study: High risk periodic review

How we helped this international Private Bank successfully complete a periodic risk review of their customer base in just nine months.

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In order to satisfy Regulators, our client, an international Private Bank, required a periodic risk review of their customer base completed within nine months.

With no available in-house resource, they needed to partner with a specialist to implement a team to deliver with requirement.
Compliance Requirement
Reviews
Months
In-house Resource

 

The solution

To deliver a periodic risk review in just nine months, leaving a framework for the future​.
 
Fixed Price Team
We supplied a fixed price team to review over 5000 high net worth, high risk individuals, many from high risk jurisdictions.

Complete full checks
Including transaction and adverse media analysis, review of assets encompassing hedge funds, mutual funds, SPVs/SPEs and bearer shares, wealth generation/source of funds analysis and PEP reviews.​
QA
Our Quality Assurance Leads provided 100% oversight.

 
 

The team

 
  Management

Programme Manager

  • 20 years’ experience in Financial Crime
  • Former DMLRO with a background in fraud investigation gained in Law Enforcement, the FCA and Tier One Banks
  • High Risk/PEPs/Sanction Reviews
  • Private, Retail, Corporate and Wholesale Banking
  • Regulator experience
 

 
  Quality Assurance

3 x Quality Assurance Leads

  • 15 years’ experience within Financial Crime
  • ACAMS/ICA certified
  • High Risk/PEPs/Sanctions experience
  • Private, Retail and Investment Banking experience
 
  Analysis
9 x AML / KYC Analysts
  • 8+ years’ experience within Financial Crime
  • ACAMS/ICA certified
  • High Risk/PEPs/Sanctions experience
  • Private, Retail and Investment Banking experience

 
 
 
 

The outcome
Project Mobilised

The team hit the ground running within just two weeks.

 
Project Completed

The review was completed in nine months, to budget.

 
Regulator Satisfied

The work was signed off by the bank at Board level, and the Regulator’s requirements were fully satisfied.
 
Cost Savings

The client saved 29% versus the next competitive quote.

 
 

Hydrogen was retained to deliver three further projects; establish a delivery framework for a global remote booking project; data cleanse in preparation for a new onboarding system; and create and rollout a new Data Policy Framework for the Group.
 

Get in touch

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Daniel Bloom 

Head of Financial Crime & Compliance
+44 (0)20 7002 0081