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Titan Corporate Services

Client Success Story:
Titan Corporate Services

MemberCheck's Ongoing Monitoring feature has saved Titan Corporate Services 10 minutes of screening time per client.

Industry

Financial Services

Location

Mauritius

MemberChecks’s Client

Since 2019

Number of customers

500

Approval Rate

95%

Median Processing Time

4 Min.

About the Company

Titan Corporate Services is a fully licensed Trust and Company Service Provider based in Mauritius. Combating money laundering, terrorism funding, and proliferation financing (ML/TF/PF) has long been a priority for Mauritius. The AML/CFT legal framework has been strengthened in recent years in Mauritius to incorporate various sanctions and regulatory enforcement Acts.These steps were taken to remove Mauritius from the European Union's list of "high-risk countries" and the Financial Action Task Force's list of jurisdictions.

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The Challenge

Mauritius' measures to improve its Anti-Money Laundering (AML) /Counter Terrorism Financing (CTF) framework has worked effectively, however, there is still a lot of responsibility on the reporting entities and ongoing audits. Reporting entities are regularly audited, so they must keep their client risk assessments up to date. Furthermore, reporting entities must implement an automated compliance programme, which has been mandated by regulatory bodies.
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The Solution

Titan Corporate Services has been using our MemberCheck service since 2019.  A few reasons why Titan Corporate Services chose MemberCheck includes, MemberCheck’s Ongoing Monitoring feature which allows them to screen their consumers on a regular basis and be notified of any changes in their clients' status, MemberCheck’s intelligent filters which help reduce the number of false positives returned when screening and lastly MemberCheck’s solution was considerably more cost effective than other automated systems.

Titan Corporate Services saved both time and money by reducing the need for re-screening with the help of MemberCheck's ongoing monitoring service. With the usage of MemberCheck's Ongoing Monitoring feature, the company saved 10 minutes on screening time for each client.

MemberCheck Solutions that Titan Corporate uses:

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PEP Checks
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Sanctions Checks
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Adverse Media Checks
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ID Verification Checks
Comprehensive Risk Management Solutions
PEP & Sanctions Checks
Safeguard your business with our comprehensive PEP and Sanctions Checks. Scan again daily updated datasets and stay aligned with global regulation.
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Sanctions Checks
Ensuring Compliance with Global Sanctions Regulations
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Adverse Media Checks
Improve due diligence effortlessly with our integrated Adverse Media Checks, offering simultaneous screening alongside PEP and Sanctions—at no extra cost.
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Customer Identity Verification
Simplify your KYC procedures with our powerful Identity Verification solutions. Effortlessly meet KYC and AML/CTF obligations while strengthening your business's defenses against potential risks.
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Enhanced Due Diligence
Manage the risk of dealing with high risk customers
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Know Your Business
Our KYB checks offer thorough verification of business partners, enhancing your due diligence and strengthening your business network.
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Transaction Monitoring
Monitor financial activities as they occur with our Transaction Monitoring system. Detect and report anomalies swiftly to ensure regulatory compliance.
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AML Consulting Service
Gain valuable insights and stay ahead in the compliance landscape with our expert AML consulting. Tailored advice from ACAMS-certified advisors to elevate your strategies.
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Compliance as a Business
Transform compliance into your business advantage. Leverage our cutting-edge risk management tools to help your clients foster trust and integrity.
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Visa Check
It is important to perform visa and right to work checks as part of the hiring process for several reasons
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Jurisdictional Risk Checks
Make informed decisions with our comprehensive Jurisdictional Risk Assessment. Safeguard your business while optimising opportunities in diverse markets.
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