AML Watch List Filtering

The watch list filtering capabilities in AML Risk Manager provide innovative matching analytics and robust alert and case management features to help your institution reduce operational costs, mitigate compliance risks and achieve long-term regulatory, operational and IT objectives.

AML watch list filtering screens customer and vendor data against sanctions and politically exposed person (PEP) lists as well as custom lists and those provided by third-party data service providers. It also includes customer risk scoring.

Watch list filtering capabilities can be applied to every process in an AML program, from customer due diligence and enhanced due diligence through periodic customer reviews and screening for wires and payments. More importantly, it supports regulatory compliance with organizations such as the Office of Foreign Assets Control, the Office of the Superintendent of Financial Institutions and the United Nations.

The watch list filtering capabilities offer high-volume processing and complex matching configuration options for financial institutions of all sizes that require flexibility, scalability and fast response times.

Features

AML watch list filtering capabilities enable organizations to realize the following benefits: 

• Mitigates risk and supports regulatory compliance for sanctions and PEP obligations
• Provides fast match processing speed and performance
• Enables the scanning of very large amounts of source data against very large watch lists
• Offers match variation options for date, address and name-related information
• Offers robust alert and case management features
• Helps achieve long-term AML regulatory, operational and IT objectives

AML Risk Manager recently received a Celent award for XCelent Service 2018, Watch List Filtering