The key steps to an effective sanctions screening policy
When it comes AML regulations, sanctions screening is an imperative part of it and plays a huge role in the fight against money laundering.
GoAutomate Fintech – Sanctions Screening Demo
GoAutomate makes meeting Fintech regulatory requirements easier for your business. Watch on to see how you can easily add automated sanctions watchlist checks to your customer onboarding process.
Sanctions Screening from SWIFT
Sanctions compliance is a common, global challenge facing financial institutions and corporations. Sanctions Screening helps banks address the ever-growing operational challenges relating to sanctions compliance.
For more information, visit http://www.swift.com/sanctionsscreening.
This fully-managed, securely-hosted service screens your incoming and outgoing messages against the latest sanctions lists and instantly alerts you to any matches. It’s as simple as that.
We maintain over 30 sanctions lists from all the major regulatory bodies, so your screening is always compliant with the latest requirements. You can select which lists you want to screen transactions against, and add your own lists to the service.
SWIFT-hosted Sanctions Screening reduces your time and cost to compliance and gives you peace of mind.
How to Conduct Effective Sanctions Subjects Screening
In this video, I’m going through what sanctions subjects screening is, why it’s important, and what an investigator should look for when performing this task.
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▬▬ CHAPTERS IN THIS FINCRIME AGENT VIDEO ▬▬
00:00 – Intro about sanctions subjects screening
00:20 – What is sanctions subjects screening
02:16 – Tips to stay compliant with sanctions subjects screening
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✅ SOURCE & REFERENCES MENTIONED IN THIS VIDEO
OFAC sanctions search: https://sanctionssearch.ofac.treas.gov/
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This video is intended for general informational or entertainment purposes only. The information in this video is not intended to replace legal advice. The views and opinions expressed in this video are those of the speaker/s and do not necessarily reflect the original policy or position of people, institutions or organizations that the speaker/s may or may not be associated with in professional or personal capacity, unless explicitly stated. Furthermore, no endorsement of any criminal activity is expressed or implied.
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