KYC Sanction Screen Solution to Detect Financial Crimes and Comply with AML / KYC Regulations
Comply with AML and CTF Regulations
Automate Beneficial Ownership Due Diligence and Ongoing Monitoring
- Accurately capture and store comprehensive information about each entity's beneficial owners and directors
- Continuously screen against our partner's cutting-edge compliance watchlists for real-time risk identification
Customized Due Diligence Automation
- Customize ownership thresholds to align with your specific risk tolerance
- Integrate seamlessly with your existing onboarding systems for a streamlined workflow
- Automate due diligence processes to save time and resources
Proactive Risk Management
- Close data gaps and ensure accurate documentation with advanced due diligence processes
- Verify customer or vendor-submitted UBO information against a global UBO database
- Seamlessly screen entities and their UBOs against watchlists at onboarding and throughout their relationship
- Quickly and accurately identify high-risk relationships to mitigate potential risks
Centralized Compliance Hub
- Store and manage all relevant documents, reports, and audit trails in a centralized location
- Capture beneficial ownership data seamlessly during client onboarding process
- Upload UBO certifications, supporting documents, or other relevant files for easy comparison and reference Maintain complete audit history of screening results, including remediation actions taken
4 Step Process to Reducing Risk & Controlling Cost
1
The name and address information of both customer and vendor records and the sanctions and PEP lists against which they are being matched are cleansed and standardized for consistent format comparisons
2
Aliases, nicknames, and multiple names within a record are detected and included in the screening process
3
Records are then accurately matched, despite anomalies including misspellings, transpositions, missing information, nicknames, acronyms, and initials
4
Personnel time spent reviewing potential matches is minimized through the use of our tech partner’s case management tool, which includes efficient workflows, audit trails, reporting, and management dashboards