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:Sentry for Customer 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.
As legislative reach extends into other industries, dn:Sentry’s foundation capabilities are also being applied to support compliance with anti-bribery, anti-corruption and export control regulations, and a host of other legal obligations including:
For more information about dn:Sentry for Customer Screening, please click the links below.
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