Watch List Creation Following Panama Papers Disclosures
European multilateral development bank | Risk & regulation | Supranational
The challenge: Following the Panama Papers disclosures, a European multilateral development bank needed to create a watch list and establish a robust process for reviewing potential matches against its guarantee and loan portfolio.
What New Link Consulting did: New Link Consulting created the watch list and provided discounting rules based on best banking practices for assessing adverse media matches. New Link Consulting worked alongside the bank's Compliance team to review all potential matches and distinguish true matches from false positives. Data quality limitations were assessed and reported to management throughout the engagement.
The outcome: a fully operational watch list with clear discounting rules and a documented review methodology, enabling the Compliance team to manage ongoing screening with confidence. Findings and data quality considerations were presented in a final management report.
