Case Study: Oak Group unifies compliance screening with RiskScreen

How we helped the Oak Group to update and unify their screening processes across multiple offices and jurisdictions

Oak Group, a private client, corporate services, and fund administration business headquartered in Guernsey, needed to unify the legacy compliance processes left behind by four separate businesses. Different offices were using manual, time-consuming screening methods across multiple sanctions and watch list sources, making it difficult to manage risk consistently and meet AML and KYC obligations across jurisdictions.

RiskScreen helped Oak Group implement KYC360 Screening to automate and standardize client screening across the group. The solution provided a single global view of risk, consolidated data, removed silos, improved audit and reporting, and reduced false positives by up to 95%, while also enabling more efficient ongoing and ad hoc screening for all offices.