Risk & Compliance Screening
Announcing the availability of dn:Director for Sanctions & PEP Screening Version 5
The ever-evolving threat from terrorists, money launderers and other criminals places increasing pressure on Risk & Compliance teams to protect the organisation from compliance failures, which can lead to prosecutions and financial penalties from regulators, and to permanent damage to brand equity and shareholder confidence.
In what remains a challenging financial environment, even as threats increase, so too does the commercial imperative to drive down costs and reduce overheads.
To satisfy these twin demands, Datanomic has launched Version 5 of our Risk & Compliance Screening solution, dn:Director for Sanctions & PEP Screening, with its focus on improving operational efficiency and screening accuracy.
New features include:
- Combined risk and match scoring to allow prioritisation of case reviewer activity onto highest threat matches
- Advanced workflows to automatically assign Alerts based on priority, permissions and skills
- Enhanced case management tools making it easier to manage, progress and report
- Real-time screening user interface with integrated case management making it simple for non-technical users to carry out screening
- Standards based transliteration for over 45 different writing systems
For more information on the latest release of Datanomic’s Risk & Compliance Screening solution, download the Sanctions & PEP Screening Version 5 product brochure.
Click here to download Version 5’s technical datasheet.
Screening Obligations
In the wake of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation, it is now every financial or legal services organisation’s responsibility (and the individual Money Laundering Reporting Officers within them) to frequently and closely screen its customer list for individuals identified on national and international Sanctions lists, to ensure that they are not unknowingly assisting the financing of terrorist activities.
Failure to comply with such Know Your Customer (KYC) legislation carries severe financial penalties (frequently over $100m) and unquantifiable damage to reputation and brand equity.
The dn:Director for Sanctions & PEP Screening solution offers exceptional accuracy for proactive risk protection, whilst minimising ‘false positives’ (potential matches requiring additional manual assessment) which can often be a burdensome bi-product of other automated screening solutions. It also provides an electronic ‘results book’ providing a full audit trail of Sanctions & PEP screening activity for compliance reporting.
For more information about dn:Director for Sanctions & PEP Screening, please click the links below.
dn:Director for Sanctions & PEP Screening
dn:Director protects you from regulatory and policy breaches by screening your source customer data...
Click for more...Sanctions & PEP Screening: Dependable Client Screening from Datanomic
The pressure is on for businesses to fortify their systems against access by money launderers, terrorists and others whose activities may compromise foreign policy or national security.
Click for more...Risk Assessment from Datanomic
The Datanomic Risk Assessment delivers a quantified assessment of compliance risk, based on screening a sample of an organisation’s customer database.
Click for more...Enterprise Screening
Undesirable employees, internal contractors, suppliers, manufacturing partners, agents, dealers/distributors all have the potential to impact on the organisation, either through fraud, association with money laundering, black marketeering, or even association with corrupt political regimes. As a consequence, a new type of screening is required which covers all those who have a touchpoint with the brand or the organisation as a whole - which we term ‘enterprise screening’.
Click for more...Datanomic Sanctions & PEP Screening: The Multi-Market Solution
Any institution that aids criminal activity – knowingly or not – is putting its reputation, profits and possibly its future at risk.
Click for more...Money Laundering Misconceptions: The 7 Myths Every MLRO Should Know
If you work for a financial services institution, there’s an 85% chance that right now your company is breaking the law.
Click for more...Avoiding a Fractured Approach
Money laundering and terrorist financing are global problems. Don't place your organisation at risk by relying disconnected, fragmented legacy screening systems in your regional business units.
Click for more...Risk & Compliance Screening Co-existence
Accepting the limitations of your existing systems, or replacing them entirely, are not the only options. Datanomic’s award-winning Risk & Compliance Screening solution can flexibly co-exist with your existing customer screening and payment filtering applications.
Click for more...