When it comes to sanctions screening and watch-list filtering, the Treasury Department requires only that financial institutions implement processes and technologies "reasonably designed to identify" account owners and transaction beneficiaries.
The reality is not so simple. To comply with this requirement, financial institutions typically expend significant effort on unwieldy, redundant processes that over-screen both customers and beneficiaries against ever-evolving sanctions-and-screening lists. The result is a deluge of alerts that overwhelms and frustrates AML operations, compliance, and investigations teams.
Join experts from Pitney Bowes to hear how you can apply new approaches and technologies to cost effectively improve sanctions screening efficiency.
In this session you will learn:
- About new methods to improve watch-list filtering and sanctions screening
- How to implement and optimize your systems for these new methods
- What results you can expect to achieve and how to measure them