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Heightened Risk Entity Report on Deutsche Bank (India)

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The report would be emailed after the payment is received and the customer is verified.

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Description

Deutsche Bank established its first branch in India in 1980. Currently, it has close to 13,000 employees in the country, operating branches in 16 cities. Building on its dominant global markets and leading transaction banking franchises, Deutsche Bank is a fully integrated financial services provider to Indian corporate, institutional and individual clients.

Modus Operandi of Compiling Heightened Risk Entities

Software algorithm built by Regtechtimes, first rank the heightened risk individuals on the basis of pre-defined parameters. In the second stage, nexus between individuals is established with businesses. During the process of compilation of report on Deutsche Bank more than 600 Entities were analysed.

Regtechtimes produces these research reports on many different institutions from financial services sector using its proprietary tool to identify the Heightened Risk Entities.

What is Heightened Risk Entity ?

Entities including registered/ unregistered businesses or a company which are involved in activities that pose reputation, operational or market risk for any financial institution is termed as Heightened Risk Entity. Typically, the activities of the customer which pose the high risk includes political associations, terrorist financing, money laundering and other financial crimes.

Which Heightened Risk Entities are present in Deutsche Report ?

The report generated on 01.04.2019 reveals some of important aspects for the customer due diligence of the Deutsche Bank.

  1. There are more than 3400 Heightened Risk Individuals associated with the borrowers of Deutsche Bank
  2. 7 Politicians were directly or indirectly found to be associated with the borrowers of Deutsche Bank but there were there were more than 700 individuals who are closely working with politicians
  3. 100+ Borrowers were found to have made donations to the political parties during the period of elections.
  4. Top 10 borrowers analysed includes financial sector companies.

How to deal with these Heightened Risk Entities ?

Deutsche Bank in India is focussed on the lending to established finance sector firms. When the bank is lending to another firm in the same domain, they are required to focus more on knowing the customers of customer (KYCC) as these customers can pose reputational risks to the business of the bank.It is not only the legal compliance issue but KYCC also helps to properly manage the risks associated with the borrower portfolio, you need to know the beneficiary of your clients’ activities. Deutsche bank is lending substantial amounts to finance sector companies which are further lending money to other borrowers. Hence, it is crucial for the bank to understand the risks associated with the portfolio of the borrower’s borrower. As the complexity and interconnection of financial relationships deepen and spread, the requirements to track and monitor these relationships will similarly expand. Hence the reports compiled by Regtechtimes would be crucial.

Whether it be another entity, an owner, a partner, a customer, a supplier, or other relationship, each could be the source or destination of questionable funds. Extend the same steps and procedures you take to Know Your Customer to their entire network of connections.

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