A powerful self-assessment tool designed to enable customers to build their own sanction screening tests to suit their specific requirements and corporate risk appetite.
Build your own tests
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.
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.
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.
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.
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.
Control and manipulated tests
Cutting-edge RegTech and SupTech testing, validation and risk assessment solutions for financial institutions and regulatory authorities.