Our new ORBS website is now live! Visit here

SAT(EU) stacked (light)

Subscribe to SAT (EU) and receive a new sanction screening test every time a change is made to the EU sanctions list

learn more

What is SAT (EU)?

Sanctions Alert Testing (EU) is a specifically designed technology for banks, Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure compliance with the new EU Instant Payments Regulation (IPR) concerning credit transfers in the Euro currency and known formally as Regulation (EU) 2024/886.

Subscribers to SAT (EU) will receive a test from AML Analytics every time a change is made to the EU Consolidated List. Each new test will contain the recent records that have been added to the EU list, as well as any records that have been modified.

Run the test through your sanction screening system for assurance that it is alerting correctly against EU Consolidated List changes and that your customer database does not contain newly added sanctioned individuals or entities. Hold your list provider to account, confirming that data they have provided is fully up to date. Both options can quickly and easily be supported via an API link.

The EU Consolidated List is updated regularly as changes occur whenever new sanctions are imposed, existing sanctions are modified, or individuals and entities are added or removed from the list.

What are the benefits of SAT (EU)?

Ensure you meet stringent IPR requirements on an ongoing basis with SAT (EU)

Ensure you meet stringent IPR requirements on an ongoing basis with SAT (EU)

Search your database to ensure identification of individuals/entities subject to restrictive measures

Search your database to ensure identification of individuals/entities subject to restrictive measures

Analyse sanction screening system effectiveness and efficiency after every EU list update

Analyse sanction screening system effectiveness and efficiency after every EU list update

Ensure transparency in decision making for explainability to regulators

Ensure transparency in decision making for explainability to regulators

Deep dive into results in our communication hub, Analyser Online, to view sanctions screening results

Deep dive into results in our communication hub, Analyser Online, to view sanctions screening results

Make data-driven decisions for system enhancement and improvement

Make data-driven decisions for system enhancement and improvement

Minimise AML/CFT risk by understanding your screening system

Minimise AML/CFT risk by understanding your screening system

Holds your list provider to account to evidence whether or not their lists are up to date.

Holds your list provider to account to evidence whether or not their lists are up to date.

Why do I need SAT (EU)?

Under the new regulations, PSPs and CASPs are subject to specific sanction screening requirements that emphasise compliance with EU sanctions laws and the identification of individuals or entities subject to targeted financial restrictive measures.

PSPs and CASPs must conduct sanction screening of their customers on a daily basis, and immediately after the adoption of any new targeted financial restrictive measures that come into force. These measures are announced in the Official Journal of the European Union and the names of sanctioned persons and entities are then added to the EU Consolidated List.

The IPR is intended to revolutionise the future of payments by enabling the receipt of funds within ten seconds in the SEPA zone.

SAT (EU) will help banks, PSPs and CASPs keep on top of these changes and ensure that lists are fully up-to-date, and that the required sanction screening standards are being met.

Our solutions

Cutting-edge RegTech and SupTech testing, validation and risk assessment solutions for financial institutions and regulatory authorities.

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.
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.
Global Benchmark
TM
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.
Annual Assurance Testing
Our annual subscription service, Annual Assurance Testing, allows you to tailor tests to suit individual testing requirements and corporate risk appetite.
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.
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.
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.
Sanctions Alert Tests (EU)
Subscribe to SAT (EU) and receive a new sanction screening test every time a change is made to the EU sanctions list.

Ready to talk?

Don’t hesitate to reach out to us.
info@aml-analytics.com
+44 (0) 1264 889 339

Contact Us
Log in