Feature Sheet

Sanctions Screening and Management

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Financial institutions are faced with increasingly complex sanctions compliance regulations and expectations. Manual records management, out-of-date watchlists, high volumes of false positive alerts, and the use of multiple, disparate systems can result in inefficient processes, increased costs, and potential gaps in your compliance program. Without robust sanctions management programs, institutions risk reputational damage, civil penalties and unsatisfactory regulatory examinations.

Verafin’s consolidated Sanctions Screening and Management solution increases the effectiveness of your sanctions compliance program with targeted sanctions screening 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