SANCTIONS ASSESSMENT CENTRE

SANCTIONS ASSESSMENT CENTRE

Identify areas of relative weakness in your screening systems, & benchmark your effectiveness & efficiency against others

SQA Consulting first launched a sanctions screening assessment tool with specific intent to understand the vulnerabilities of screening in 2006.

Since then, the SQA sanctions screening assessment centre has evolved into a highly sophisticated tool for analysing screening systems.

Your screening system is vital to your sanctions compliance, without the correct alerts being generated, violative activity could be happening in your business under your very nose.

The sanctions assessment centre tool measures your capability of detecting alerts in over 50 different scenarios, & validates that all names from your global regulators are captured correctly.

The ability to compare your results to peers in your community, allows you to better understand your own progress & standing.

The SQA screening benchmark compares the relative standing of your screening effectiveness & efficiency based on our fuzzy matching tests (effectiveness), & false-positive rate tests (efficiency). Think of it like a car comparison of speed vs economy, it is a trade-off between two attributes which combat each other. To get more effective matching usually means getting less efficiency (which may be counter-productive in your alert investigation effectiveness).

Get yourself on our benchmark diagram & know where you stand.

Did we mention it also covers PEPs & adverse media?

Get in touch via aml-prevention.products@sqa-consulting.com for more information.

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Enabling financial institutions to measure & fine-tune the effectiveness of their filtering systems.

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LATEST

AML COMPLIANCE NEWS & VIEWS

Politically Exposed Person’s (PEPs), Sanctions and Adverse Media alerts all require rationale to explain whether an alert is a false positive, true match or if further information is required. Investigators will normally
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The consensus when investigating financial crime alerts for individuals, is to close all alerts where the date of birth is more than 2 years
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The 3rd of December 2020 saw the introduction of the 6th AML Directive into European law, with implementation of those regulations for all organisations
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