Compliance Department of a Leading Bank, Lithuania
Customer Review
For any financial institution with regulatory obligations that require frequent monitoring, tuning and optimisation of their financial systems, we highly recommend the sanction screening testing solutions from AML Analytics.
Before we subscribed to the AML Analytics Sandbox solution, we lacked a clear and structured way to measure the effectiveness of the changes we made to our sanction screening system. In short, we were relying only on the experience and intuition of our team members to assess the impact of our system updates. While this approach allowed us to move forward, it left us exposed to the possibility of blind spots and inefficiencies in critical areas.
The Sandbox solution has been nothing short of a game-changer for us. It has provided us with a truly scientific, transparent and data-driven method of testing. For the first time, we can measure – objectively and precisely – the exact performance level of our sanction screening system. The solution highlights both strengths and weaknesses, enabling us to make targeted improvements with full confidence that our efforts will deliver tangible results.
As a direct outcome, we have been able to significantly increase our system’s performance, reduce false positives, and strengthen our ability to detect genuine risks. The solution not only supports regulatory compliance but also enhances operational efficiency, freeing up valuable resources that were previously consumed by manual reviews and uncertainty.
Beyond the technical benefits, using Sandbox has given us peace of mind. We now have the assurance that our bank is better protected, that our screening processes are aligned with global best practices, and that we are effectively mitigating the risks associated with financial crime. In today’s environment where regulatory expectations are high and reputational stakes are even higher, this confidence is invaluable.
In summary, Sandbox has transformed the way we approach sanction screening. It has moved us from a reactive, assumption-driven process to a proactive, evidence-based strategy. We consider it an essential tool in our fight against financial crime and a cornerstone of our compliance framework.
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info@aml-analytics.com
+44 (0) 1264 889 339