dn:Director solution areas: Sanctions & PEP Screening

Compliance with the 3rd EU Money Laundering Directive (3EUMLD) and Anti-Money Laundering protection in general is placed firmly in the hands of Money Laundering Reporting Officers or ‘MLROs’, who are shouldering the responsibility for protecting their organisations from punitive actions by regulators and governments. Whilst the multi-million-dollar fines for organisations who have transacted with individuals on international sanctions lists are a reasonably frequent occurrence, the UK’s Financial Services Authority has levied its first fine personally to a Money Laundering Reporting Officer for failing to adequately screen his organisation’s client list.

As a consequence, there is even more pressure on MLROs to ensure that their organisations have deployed a robust, accurate screening programme, that is manageable and auditable. dn:Director’s Sanctions & PEP Screening solution provides MLROs with exceptionally accurate automated screening with minimal false positives.

Key benefits for MLROs include:

• Use with any reference data source – HM Treasury, US OFAC, Companies House, third party lists such as World-Check and Dow Jones Watch List etc
• Screen for terrorists, fraudsters, money-launderers and also Politically Exposed Persons (PEPs) from a single application
• Easily tailorable rules to refine matching capabilities to suit the specific sector of operation
• Minimised wrongly-flagged matches requiring manual follow-up (‘false positives’)
• Screen in batch mode to regularly re-check your client list, or in real-time for fast client on-boarding
• Simple reporting screens with deep-drill option to show the detail of individual match results
• dn:Director ‘remembers’ match decisions – a cleared false positive will not need re-checking (unless the source data record changes), significantly reducing the time taken to perform a complete scan
• Fully-auditable match results for compliance reporting
• Tried and trusted – dn:Director Sanctions & PEP Screening is already screening over 2 billion client records per month – or over 200,000 per minute
• Sample clients include Artemis, Barclaycard, Brewin Dolphin, Countrywide, EBS, Gartmore, Jupiter, Lincoln Financial, Skandia, St. James’s Place, Wesleyan Assurance

To discuss your Sanctions & PEP Screening requirements, please contact us on +44 (0)1223 228450. To arrange a Screening Effectiveness Assessment, please follow this link to our Screening Effectivess Assessment Request page.