AML – Directives

We are currently on the Fifth Anti-Money Laundering Directive which was introduced on 14 May 2018, and the timeline below details the Directives that were introduced before that and how they have evolved over the past 30 years. The Sixth Anti-Money Laundering Directive has been introduced but has not been implemented as yet. 1st Money […]

AML & PEPs Article Index

We have been bringing you a series of short articles related to different AML process including PEPs, here is a handy index to help you browse through our back-catalogue of material. PEPs Related PEPs Classification PEPs – Country Risk AML Investigations Related The complexities of Investigating Compliance Alerts For further information about any of our […]

Sanctions Lists – What’s in a Name?

At a quick glance, the sanctions lists are simply lists of names, but when you get under the bonnet there are multiple different types of names which need to be assessed for inclusion or exclusion in your screening programme.  Where the decision is made to include the different types of names in your screening programme, […]

Sanctions Screening Effectiveness – Benchmarking – Part 2

In a previous article, we introduced SQA Consulting’s sanctions screening effectiveness benchmarking, and where the use of benchmarking is most valuable. Here we will explore in more detail how benchmarking works in practice. Financial Institutions – Screening Systems – Regular Assurance Screening Effectiveness vs Efficiency The above is an example of our Customer Sanctions Screening […]

Sanctions Screening Auto Elimination – Data Availability

A growing trend in financial institutions is performing rule based auto elimination on secondary attributes. So for example when we have a match on a name; but a mis-match on a secondary attribute such as date of birth, nationality, or location; then the match will be eliminated before a person looks at it. We at […]

Sanctions Screening Auto Elimination – Date of Birth

A growing trend in financial institutions is performing rule-based auto elimination on secondary attributes. So for example when we have a match on a name; but a mismatch on a secondary attribute such as date of birth, nationality, or location; then the match will be eliminated before a person looks at it. We at SQA […]