A leading Contract of Differences (CFD) broker, part of a larger financial services conglomerate believed they had a market-leading CFD platform and wished to white-label to smaller brokers and potential competitors to offer to their customers.
Corporate, Wholesale and Investment Bank
Operations Strategy
Our client wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.
Our client had a large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
Following a visit from the regulator, a global inter-dealer broker was put under a Section 166 order.