Value as a service
Challenge
Risk management was complicated by the diversity and number of factors.
Lack of centralized policies and oversight led to unnecessary risks.
Needed visibility and flexibility to deal with fluctuating AML, ABAC issues and ownership changes.
Results
A standardized and centralized system improved efficiency and mitigated risk.
Providers are pre-vetted and vetting expedited for improved service to partners.
Audits, including AML and ABAC, gain visibility in the streamlined system.
“CHS is now automatically screening counterparties for anti-money laundering compliance on a daily basis.”
— Nicholas Meinen, CIA, CFE, Anti-Bribery and Corruption Program Manager