Feature Sheet

Sanctions Screening and Management

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In an increasingly complex sanctions regime, financial institutions face mounting expectations to identify high-risk entities, mitigate sanctions risks, and prevent sanctions evasion. High volumes of false positive alerts, multiple, disparate systems and inaccurate data can result in enhanced scrutiny, inefficient processes, and potential gaps in compliance programs. Without robust sanctions management programs, institutions risk reputational damage, civil penalties, and unsatisfactory regulatory examinations.

Verafin’s single, consolidated Sanctions Screening and Management solution, with advanced analytics, increases the effectiveness of your sanction’s compliance program with targeted, segmented agents, transaction monitoring, automated watch list updates and integrated Case Management. Empower your compliance team to efficiently investigate sanctions risks and report potentially suspicious activities — all in one place.



Tagged as...

  •   BSA/AML Compliance
  •   OFAC/Watch List
  •   Sanctions