Sandbox is a powerful self-assessment tool designed so that customers can build their own sanction screening tests to suit their specific requirements and corporate risk appetite.
The benefits of Sandbox
Build your own tests with Sandbox
General tests covering a wide selection of sanction sources and PEP data can quickly and easily be built in Sandbox, as well as test datasets to target specific weaknesses in a sanction screening system’s matching capability. Build your own test according to your specific corporate requirements and select from numerous options including sanction lists, record type, number of records, algorithms and non-sanction records.
Choose from a large selection of algorithms to manipulate sanction records in your test and assess the fuzzy logic matching capabilities of a screening system. Algorithmic manipulation will stress test a screening system and make it harder for a system to identify and alert against sanction records.
Ongoing, rigorous Sandbox testing facilitates understanding of a sanction screening system’s strengths and weaknesses so that changes can be made to ensure it is fit for purpose, enabling confident reporting to regulatory authorities.
Navigate seamlessly between AML Analytics solutions with the brand-new AMLA® Hub.
Effectiveness and efficiency
Sandbox also enables specialised testing of sanction screening systems using Chinese Character names. AML Analytics has created unique algorithms for the manipulation of Chinese Characters to help our customers in Asia to comprehensively test the effectiveness and the efficiency of their sanction screening system technologies.
It supports regulatory expectations in terms of pre- and post-deployment testing of a new screening system as well as the iterative tuning process that is necessary to support a new deployment.
Our Sandbox tool is also used by regulators as an integral part of a Thematic Review to test the performance of the sanction screening systems used by their regulated entities.
AML Analytics is an independent provider of sanction screening system testing technologies with no affinity to any supplier of automated systems.
False Positives
Test results are available for analysis and review in Analyser Online where side-by-side comparison graphics will help identify any problems concerning the efficiency and effectiveness of a screening system. Study False Positive alerts in granular detail to understand if iterative tuning is required.
AML Analytics monitors all significant sanction lists around the world for changes and our sanction list data is continually updated in real time for up-to-the minute Sandbox testing. Sign up to our Sanctions Alert Service to receive free notifications and updates whenever a change is made to a globally important sanction list.
Sandbox does not require any IT integration with a system or any access to customer data so there are no data protection issues. Total data security is ensured.
Control and manipulated tests
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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