Bottomline Sanctions Screening enables organisations to filter their transactions against global sanctions lists to ensure they are in compliance with anti-money laundering laws. The solution matches customers and transactions against internal and imported watch lists (OFAC, FATF, NCCT, PEP, etc.) using advanced fuzzy matching.
Bottomline Sanctions Screening allows each transaction to be checked against different sanction lists/sub-lists including white lists and customer-provided lists. As transactions are screened, all matches become available for further review and appropriate action. When a match is found, the analyst will be provided all of the relevant information about the match to perform due diligence. In addition, customers can choose to enter a personalised false positive, or 'good guys', list. Their transactions will then validate any matches against their personalised false positive list to eliminate inaccurately returned hits.