Sanctions filtering

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Effective verification of customer data

One of the basic aspects of risk assessment is the verification of the presence of the entity on so-called sanction lists. The new regulations (AML IV) also broaden the definition of politically exposed person (PEP), which affects processes in institutions obliged to verify them.

Our systems allow for verification of customer data on sanction lists and PEP. We cooperate with key data providers in this area, such as Dow Jones (Factiva) and Refinitiv (World-Check). Thanks to advanced matching and correction algorithms, you can easily check both individual entities and entire customer databases. Thanks to the modular structure of our systems – you can easily integrate verification of entities into your business processes.

Functionalities

  • Automatic checking of names on sanction lists and PEP with the use of fuzzy logic
  • Alarms in the event of a “hit”
  • Marking of hits
  • Search certificates for audit processes

Process support

  • Onboarding of customers
  • AML and KYC procedures
  • Acceptance of orders from contractors, e.g. forwarding, chemical industry

ASK AN EXPERT

Wolfgang Veith

My focus at IMPAQ is to provide compliance solutions for financial institutions and corporations. I analyze the needs of the customers and offer tailor-made solutions, through the kdprevent Platform. Furthermore, I can point out the strategy for a long-term orientation of a professional compliance organization.