Case Study: Global Financial Services Firm achieves timely AML remediation and avoids regulatory penalties with SS&C Technologies

How a global financial services firm successfully responded to a critical and time-sensitive event

Global Financial Services Firm faced a time-sensitive AML remediation after a regulator audit, with over 250,000 documents to review across diverse account types, missing beneficial owner and controlling-party data, and strict deadlines that risked steep penalties. The firm engaged SS&C Technologies, leveraging its SS&C Flex service (and related tools) to design a scalable, rapidly deployable workflow and compliance-portal integration to address resource and data gaps.

SS&C Technologies deployed SS&C Flex’s proprietary tracking system, SS&C Chorus for account staging, a secure advisor upload portal, and a staffed team of 100 trained reviewers and paralegals to obtain, validate and consolidate missing information. The engagement allowed the client to meet the regulatory deadline, avoid penalties, return to business as usual without new infrastructure, strengthen AML controls and efficiencies, and earned a 5/5 client satisfaction rating.