Alert Remediation Service Accelerate alert remediation with effective alert processing
Eliminate the distraction of escalating alerts and identify relevant risk.
Increasing global compliance demands have created the consequence of a marked increase in the amount of alerts associated with KYC and sanctions screening. The time spent managing these growing numbers of alerts and distinguishing false positives from relevant risk takes resources and focus away from your core mission. LexisNexis® Alert Remediation Service helps speed alert processing so you can streamline customer on-boarding, concentrate on alerts with actual relevance and protect your business.
Accelerate alert remediation with a team of certified experts
LexisNexis Alert Remediation Service puts scalable alert processing within easy reach. The service delivers direct access to the certified AML expertise and scalable manpower of a highly experienced remediation team of analysts that optimize your alert remediation process and enable your business to:
- Identify and clear obvious false positives.
- Research and resolve more ambiguous alerts
- Escalate alerts that warrant further internal investigation and the filing of reports to regulatory authorities
- Document applicable details in accordance with your specific procedures
- Deliver concise status reporting to keep your business continuously informed
Working within your own specific match verification parameters and definitions, our team helps cut through the noise of Level One alerts to effectively identify and clear obvious false positives, research and resolve more ambiguous alerts and escalate alerts and true matches that need further internal investigation or the filing of reports to the regulatory authorities.
Protect your business by quickly identifying pertinent risk
LexisNexis Alert Remediation Service delivers the expert resources and expedited turnaround time that you need to quickly respond to increasing compliance demands, identify increasing risk in your customer portfolio and continuously protect your organization against regulatory exposure. This service helps markedly improve the speed and efficacy of alert processing across the lifecycle of your portfolio for critical processes that include:
- Full Customer Portfolio Remediation: Prepare to comply with new regulatory requirements by reviewing all alerts generated from the screening of the full customer portfolio for sanctions and/or KYC.
- Customer On-Boarding: Simplify account acquisition by reviewing alerts generated from the screening of new customers for sanctions and/or KYC.
- Ongoing Customer Monitoring: Proactively prevent developing risks by reviewing alerts generated from the periodic review of your customer portfolio against sanctions and/or KYC requirements.
LexisNexis Alert Remediation service can help eliminate the distraction of managing false positives and strengthen AML compliance with proven alert remediation resources.
Alert Remediation Service is available to existing users of Bridger Insight XG.
The LexisNexis Alert Remediation Service is not provided by “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. Non FCRA § 1681, et seq.) (“FCRA”) and does not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, the Alert Remediation Service may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another purpose in connection with which a consumer report may be used under the FCRA. Due to the nature and origin of public record information, the public records and commercially available data sources used in reports may contain errors.
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