Case study

Implementation Of Updated Sanctions Screening Solution

The Client’s Needs

The client is a large multi-national insurer with company and Lloyd’s syndicate capacity. Their sanctions screening solution needed updating and they needed support with implementing and configuring their new solution in line with the nature of their business and the territories in which they operated.

ICSR were engaged to:

  • Assist the client in scoping their requirements based on their business profile and the prevailing legal and regulatory position across relevant territories;
  • Provide full project management support for the implementation;
  • Support the client with the roll-out of the new solution to the business units.

ICSR’s Solution

ICSR provided specialist resource to assist the client with scoping, implementation, and project management of their new sanctions screening solution. We worked with the client to ensure the system was operational and that business units were fully trained and skilled to meet their regulatory and legal obligations in all relevant territories.

Resources Deployed

ICSR deployed a Senior Consultant with specialist expertise in sanctions screening to work with the client across all aspects of the project, managing scoping, delivery, and operational implementation of the client’s new sanctions screening solution.

Client Outcome

The new screening tool was delivered, with the business trained on its functionality. The tool has enhanced the client’s pre bind and post bind financial crime framework. This will help mitigate the client’s sanctions risk, in line with regulatory and legal requirements.

Advisory | Resourcing | Training

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