KYC lookback for an international bank’s London capital markets business

An international wholesale bank’s London capital markets business was running a second-line KYC lookback and remediation. Files already through remediation still needed independent quality assurance. Higher-risk customers needed enhanced due diligence that would meet MLRO and Head of AML and Sanctions scrutiny.

GRT fielded a financial crime specialist into the second line of defence. Working to the MLRO and Head of AML and Sanctions, we quality-assured remediated KYC files and completed enhanced due diligence covering PEPs, sanctions, adverse media, customer risk assessment, source of wealth and source of funds, and first-line risk acceptance. The assignment was extended so the same GRT resource stayed with the lookback through close-out.

GRT delivered financial crime resource inside the bank’s own second line, rather than handing a half-finished file stack to a new team. Where the client needs more capacity, we staff in the same way: specialists who join their team, or a GRT team that runs a defined slice of the programme.