The Account Screening Challenge

Validating customer databases against sanction lists, Politically Exposed Persons (PEPs), Reputationally Exposed Persons (REPs) and other lists can generate hundreds of thousands of alerts. Manually assessing each alert to determine accuracy, quality, potential risk, and whether or not further investigation is required, can significantly drain compliance resources. Poor data quality, inconsistent formats and ongoing updates are among the challenges that make gathering and managing watch lists one of the time-consuming tasks of your Know Your Customer (KYC) obligations. The number of data sources keeps growing. Staying abreast of list downloads and the constant stream of changes while facilitating risk mitigation is where the Accuity List Management Services excels.

To learn more, download our infographic here.