Sanction Scanner

Sanction Scanner: Real-Time Compliance Screening for Customer Transactions

Compliance software detecting sanctions violations through watchlist screening of customers and transactions, integrated with core banking systems for seamless real-time monitoring.

What is Sanction Scanner?

Sanction Scanner is an anti-money laundering and trade compliance software used by banks and financial institutions to screen customers and transactions against watchlists published by regulatory bodies such as OFAC, UN, EU, UKHMT and many more.

It works by integrating with core banking systems and monitoring all incoming and outgoing payments in real-time against a consolidated sanctions watchlist to detect potential compliance breaches before transactions are processed. The software utilizes fuzzy matching algorithms to catch alternate spellings of sanctioned entities.

Key features include real-time screening, automated risk scoring, custom rule configuration, case management and reporting. Sanction Scanner helps financial institutions comply with AML regulations across jurisdictions and avoid fines associated with sanctions violations. Its ease of deployment and use makes it suitable for all sizes of banks and FIs.

By flagging prohibited transactions and entities, Sanction Scanner reduces the compliance workload and minimizes an organization's exposure to financial crime. It comes with regular watchlist updates, dedicated customer support and options for cloud and on-premise implementations.

Sanction Scanner Features

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