|
|
 |
Complying with the 3rd
EU Money Laundering Directive |
 |
| |
Under the 3rd EU Money Laundering Directive, organisations have until 15 December 2007 to implement processes to manage PEP detection and enhanced due diligence. While some specifics of the final regulations are as yet undefined, the importance of due diligence and maintaining detailed audit trails in identifying PEPs is clear. As Recommendation 6 of the Financial Action Task Force's (FATF) Forty Recommendations advises, “Financial institutions should, in relation to politically exposed persons, in addition to performing normal due diligence measures … have appropriate risk management systems to determine whether the customer is a politically exposed person.” |
|
|
| |
Since databases of PEPs run in the hundreds of thousands, the demands of identifying PEPs could represent a substantial burden for many organisations — especially those with large customer lists or which process a high volume of transactions in a given day. |
| |
Sophisticated, Easy to Implement PEP Compliance |
|
|
| |
FinScan provides end-to-end PEP compliance solutions that deliver exceptional screening accuracy, yet are both easy to implement and easy to use. They are customisable to your needs and offer: |
|
|
| |
 |
Fastest deployment in the industry |
|
|
|
Scalability — from online, interactive look-ups to high-volume batch processing |
|
|
|
"Intelligent" matching capability that maximises matching accuracy, while minimising false positives |
|
|
|
Automated, detailed due diligence and audit reports |
|
|
|
Streamlined review of “suspect” hits |
|
|
|
Proven performance at financial institutions worldwide |
|
| |
Click on the link below that best suits your business need. |
|
|
 |
 |
|
 |
| |
 |
FinScan Licensed
A licensed solution for organizations preferring an in-house software solution that allows full control over matching rules and parameters and can be integrated enterprise-wide |
|
|
|
|
|
| |
 |
FinScan Hosted
For organizations wanting to avoid the added overhead, staff and IT infrastructure that come with licensing software, but who still require the ability to fully customize their matching rules and parameters |
|
|
|
|
|
| |
 |
FinScan SME (Small-Medium Enterprise)
World-class screening performance at a value-focused price
for those organizations requiring some control over their matching rules – with virtually no internal IT resources or overhead required |
|
|
|
|
|
| |
 |
FinScan List Management
The most accurate and effective list management available, offering continual monitoring of list sources for adds and changes, and extensive data quality management of more than 30 key watch lists |
|
 |
|
|
 |
|
| |
|
|
