Sanctions Screening
Hits that turn out to be nothing
Matching on names alone gives many possible hits, and almost all of them turn out to be false. Your team still has to look at every one. And the same customer can come back as a hit again and again.
Lists that never stop changing
Sanctions lists are updated all the time, across several regimes. Every change means checking your customers again. For instant payments, the rules even ask you to check all your customers continuously. Missing one update can mean money reaches a sanctioned person.
The stakes are high
If money reaches a sanctioned person through your bank, your bank has broken the law. That can lead to heavy fines and lasting damage to your reputation.
Every match checked on several details
Besides the name, every possible match will be checked against KYC, demographic and behavioural indicators. Fewer false hits reach your team.
Cleared matches stay cleared
Once your team clears a match, it will not come back, unless new information comes in.
Automatic re-screening
Every list update and every change to a customer’s details will trigger a new check.
Lists and thresholds of your choice
You will decide which sanctions lists apply and how strict the matching is, for customers and for each type of payment.
- 01 AML Monitoring Spot suspicious patterns in customer behaviour.
- 02 Payment Fraud Monitoring Soon Detect behavioural patterns to flag potential fraudsters and their victims.
- 03 KYC Risk Soon Optimise your periodic and event-driven due diligence and reviews through behavioural scoring.
- 04 Sanctions Screening Soon A contextual layer on top of sanctions list matching.