dnDirector Sanctions/PEP Screening

Meet your Anti-Money Laundering requirements and make sure no one is hiding in your data.

The pressure is on for businesses to fortify their systems against access by money launderers, known terrorists and others whose activities may compromise foreign policy or national security. The fact is any institution that aids criminal activity - knowingly or not - is putting its reputation, profits and possibly its future on the line. That is why the scale and complexity of matching customer records against sanctions lists and named Politically Exposed Persons (PEPs) has become such a major administrative burden for compliance departments.

Many organisations, and law firms are no exception, depend on basic matching methods to compare their data records with reference lists from bodies such as the US Office of Foreign Assets Control (OFAC), the Bank of England, commercial list providers such as, World-Check, and many other lists published around the world or held within the business.

Large volumes of customer data and traditional methods of matching, typically matching exact name fields, create a wide spread of possible matches requiring extensive manual review and adding further to the compliance headache.

Designed for ease of use by MLROs and compliance assurance users, the automated screening capabilities of Datanomic’s watchlist management solution:

· Ensure accountability and compliance to industry best practice. Provide a base from which management can develop tailored policies and procedures appropriate to their business.

· Reduce the amount of manual matching required, freeing up resources to focus manual effort on the most complex cases.

· Improve effectiveness of enterprise data applications, boosting staff morale by relieving the administrative burden, thus enhancing corporate performance and competitive advantage.

· Provide rapid return on investment and fast implementation. Our solution can be purchased as a technology package that is owned in year one, rather than as a service commanding an annual fee.