In today’s complex and high volume global payments environment, it is more challenging than ever to keep pace and effectively ensure compliance with sanctions and anti-money laundering requirements. For many organizations, existing sanctions screening program and technology have not kept up. The burden of potential fines and negative impact to reputation is becoming increasingly difficult to manage.
Bottomline Sanctions Screening enables organizations to confidently filter their transactions against global sanctions lists to ensure they are in compliance. The solution matches customers and transactions against internal and imported watch lists (OFAC, FATF, NCCT, PEP, etc.) using advanced analytics and techniques, to reduce risk and decrease false positives.