Global Bank Extends MCO Relationship to Manage Gifts and OBAs

INDUSTRY: Multinational Banking


The Company 

A storied global bank and financial services corporation. 

The Challenge 

The firm was looking for a solution to effectively manage Gifts and Entertainment and Outside Business Activities compliance across 40K+ employees to support a global anti-bribery and financial crimes initiative.

UK Wealth Management Firm

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The MCO Solution 

As part of a global effort to improve financial crime compliance, the bank began an exhaustive and comprehensive search for a solution to improve Gifts and Entertainment and Outside Business Activities compliance. A division of the company was already using MCO solutions to manage personal trading and attestations. 

The firm went with MCO because not only did the platform offer superior functionality for managing gifts and entertainment, but also because of the increased efficiencies of leveraging a single platform across different business units at the bank. The ability to separate data visibility and workflows for the different modules and groups in the platform was also a deciding factor. 

Related Resources

Read a white paper on optimizing the software selection process

Read How Optimal OBA Compliance Goes Beyond Just Disclosures

 Watch an On-Demand Webinar on Gifts and Entertainment