In sanctions screening, financial institutions constantly face a false positives conundrum: They can’t live with them, but they can’t live without them, either.
Adverse Media Screening: How Do You Get It Right?
As adverse media screening (AMS) gets harder to do, setting your AMS system up right has never been more critical to your organization’s reputation, compliance, and workflow. It’s dammed if you do. Dammed if you don’t.
Introducing Our Free Watchlist Builder
New payment innovators, FinTech, Virtual Currency exchanges, and MSBs face the challenge of not knowing which sanction lists they should be screening for AML compliance. Their compliance programs often lack a risk-based approach to sanction screening, resulting in tremendous cost…