DESanctions Screening
Act safely and avoid sanctioned parties
Powered by Prospero technology, our sanctions screening solution enables you to detect and avoid exposure to sanctioned counterparts while ensuring full legal compliance. Safeguard your business, minimize penalties, and protect your reputation with confidence.
SANCTIONS SCREENING
Extensive screening process
In a highly automated, multi-stage and dynamic process, seamlessly integrated with new generation Media Search functionality, your third parties, outsourcing and business partners, subcontractors, customers and transactions are continuously checked in detail for critical links to sanctioned, monitored or politically exposed persons and companies. High-quality hit signals are generated with a precision and scope of insight that is outstanding in the industry.
SANCTIONS SCREENING
Extensive screening process
In a highly automated, multi-stage and dynamic process, seamlessly integrated with new generation Media Search functionality, your third parties, outsourcing and business partners, subcontractors, customers and transactions are continuously checked in detail for critical links to sanctioned, monitored or politically exposed persons and companies. High-quality hit signals are generated with a precision and scope of insight that is outstanding in the industry.
SANCTIONS SCREENING
Cutting-edge technology
Based on a sophisticated combination of state-of-the-art processes, methods and technologies such as artificial intelligence, machine and evolutionary learning, media search, NLP, dynamic link and sentiment analysis, as well as through the use of innovative and unique optimization processes, critical and high-risk business relationships are identified in a timely and precise manner, and deep and detailed insights are generated that you can rely on.
SANCTIONS SCREENING
Cutting-edge technology
Based on a sophisticated combination of state-of-the-art processes, methods and technologies such as artificial intelligence, machine and evolutionary learning, media search, NLP, dynamic link and sentiment analysis, as well as through the use of innovative and unique optimization processes, critical and high-risk business relationships are identified in a timely and precise manner, and deep and detailed insights are generated that you can rely on.
SANCTION SCREENING
Extensive data sources
With a flexible use of turnkey adapters tailored to your needs to the world’s most widely used list suppliers such as Dow Jones FACTIVA, LSEG World Check, or Info4C, as well as the world’s largest media databases such as LexisNexis, or Google, and enriched by tailor-made connections to more than two dozen business intelligence suppliers specializing in specific topics or geographical areas, no white spot remains open for you.
SANCTIONS SCREENING
Extensive data sources
With a flexible use of turnkey adapters tailored to your needs to the world’s most widely used list suppliers such as Dow Jones FACTIVA, LSEG World Check, or Info4C, as well as the world’s largest media databases such as LexisNexis, or Google, and enriched by tailor-made connections to more than two dozen business intelligence suppliers specializing in specific topics or geographical areas, no white spot remains open for you.
Technology Partners
Advantages of our Sanctions Screening Solution
Extensive data sources
Checking data against myriads of national and international sanctions lists and data providers.
Real-time monitoring
Ongoing monitoring and detection of risky relationships for immediate action in the event of hits.
Risk assessment
Evaluation of customers and partners based on hit results.
Integration with Media Search
Seamless integration with last generation Media Search for high quality 360° insights.
Updates
Automatic updating of sanctions lists for the latest regulations and sanctions.
Easy to use
Easily integrated for efficient and intuitive easy to use screening.
Frequently asked questions
What is sanctions screening?
Sanctions screening is a process by which companies check their customers, transactions and business partners for possible violations of national and international sanctions lists. This serves to ensure compliance with regulations and minimize the risk of fines or legal consequences.
What are the main differentiators of your Sanctions Screening functionality?
Our Sanctions Screening functionality is built on unique in its nature multilayer optimization processes using the advantages of AI, Machine Learning, Evolutionary Learning, NLP, just to name a few, and combining them with proprietary developed Next Generation Advanced Analytics methods. This approach assures highest analytical and technical performance, accuracy and reliability of generated insights.
Why is sanctions screening important?
Sanctions screening is crucial to ensure that companies do not inadvertently do business with sanctioned individuals, organizations or countries. Violations of sanctions can lead to significant fines, reputational damage and legal consequences.
How does the sanctions screening process work?
The process usually involves several steps:
Data matching: customer, transaction or business partner data is matched against entries on the relevant sanctions lists.
Match evaluation: Potential matches are evaluated to determine whether they are actual matches (true matches) or whether they are false positives due to similar names or other factors.
Reporting: Genuine matches are reported and appropriate action is taken, such as blocking transactions or terminating business relationships.
Which technologies are used for sanctions screening?
Modern sanctions screening systems use technologies such as artificial intelligence (AI), machine learning and big data to automate the comparison of data and improve the accuracy of the hit assessment.
What are the consequences of non-compliance with sanction regulations?
Failure to comply with sanctions regulations can lead to significant penalties, including heavy fines, criminal prosecution and serious reputational damage. In some cases, this can even lead to a ban on operating in certain markets.
SANCTIONS SCREENING
Learn more about our solution for Sanctions Screening
See for yourself how our sanctions screening solution can help you avoid sanctioned parties and run your business safely.
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