The free Sanctions Alert Service (SAS) from AML Analytics provides details of real-time updates to important sanction lists worldwide, allowing financial institutions to monitor sanction list changes as they happen.
Round-the-clock notifications
The free Sanctions Alert Service (SAS) from AML Analytics provides details of real-time updates to important sanction lists worldwide, allowing financial institutions to monitor sanction list changes as they happen.
The number of names on sanction lists around the world is rapidly increasing as more and more individuals, entities, countries, territories, vessels and aircraft are sanctioned. The BICs (Business Identifier Codes) of sanctioned financial institutions may also be included on sanction lists.
This means more official updates to sanction lists as new records are added and existing records are deleted or modified.
The ever-changing nature and complexity of sanction lists must be managed carefully by financial institutions and AML Analytics is here to help.
Reduce list provider dependence
Financial institutions are continually at risk of using old data when checking customers and transactions against official sanction lists. If old data is used, there is a risk that names on important sanction lists are not being captured by screening system technology.
If this occurs, sanctioned individuals are then free to access financial services and products. Financial institutions must therefore ensure that sanction list data received from list providers is current and that data in their Business As Usual (BAU) and User Accepted Testing (UAT) environments is regularly reconciled and updated.
AML Analytics monitors all significant sanction lists around the world for updates, additions and deletions.
Subscribe to our free Sanctions Alert Service
Our solutions
Cutting-edge RegTech and SupTech testing, validation and risk assessment solutions for financial institutions and regulatory authorities.
Online Risk Based Systems
ORBS (Online Risk Based Systems) is an ingenious new risk framework solution for intelligent reporting and supervision. It has been created to help governments, regulatory authorities and supervisors understand and assess the levels of AML/CFT risk within their jurisdiction.
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Analyser Online
Analyser Online is our customer communication hub. It provides access to the most advanced hosted testing facility for sanction screening and transaction monitoring system technologies, offering powerful analytics to help our customers understand test results quickly and easily and take remedial action to mitigate financial crime risk.
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Global Benchmark
Subscribe to Global Benchmark to measure your sanction screening system performance in terms of efficiency and effectiveness and then regularly benchmark your scores to the industry-standard aggregated scores of your peers around the world.
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Sandbox
Sandbox is a powerful self-assessment tool designed to test the efficiency and effectiveness of your sanction screening system technologies. Sandbox enables firms to create their own sanction screening system tests to suit corporate requirements and risk appetite.
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Annual Assurance Testing
AAT is a new, versatile solution that provides a flexible approach to testing a sanction screening system, facilitating the creation of a bespoke test on a recurring annual basis.
Red Flag Tests
Red Flag Tests is designed to carry out an on-the-spot transaction monitoring system health check by exercising red flag rules using Smart Scenarios consisting of millions of rows of synthetic transaction data to mimic the exact transactional patterns of defined money laundering typologies.
Transaction Monitoring Validator
TMV (Transaction Monitoring Validator) is an innovative RegTech solution to enable ongoing, frequent validation and testing of a transaction monitoring system in line with current regulatory requirements.
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Sanctions Alert Service
The free Sanctions Alert Service (SAS) from AML Analytics provides details of real-time updates to important sanction lists worldwide, allowing financial institutions to monitor sanction list changes as they happen.
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info@aml-analytics.com
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