Connected Sanctions & PEP Verification for AML Compliance Management

CORIZANCE’s award-winning platform offers AI Powered, API-driven and real-time Sanctions and PEP Verification for effectively and proactively managing AML and Financial Crime Risks.

Designed to seamlessly manage the identification and prevention of AML risk exposures, CORIZANCE empowers organizations to swiftly adapt to current and future regulatory requirements. By safeguarding customers and mitigating AML risks, the platform not only ensures compliance but also enhances board, shareholder, and stakeholder confidence. Ultimately, CORIZANCE drives higher satisfaction, bolsters reputation, and elevates brand value, positioning your organization as a leader in secure and responsible business practices.

Product Features:

1. Real-time, API based Sanctions & PEP Verification:

• Automatically verify customer details against key sanctions & PEP watch lists (UN Sanctions and other key lists) in real-time using APIs for preventing financial crime exposures and terror finance processing.
• Key sanctions & PEP watchlists include are
  • UNSC Sanctions List
  • UK Sanctions List
  • European Sanctions List
  • Australian Sanctions List
  • Indian MEA DPRK Sanctions List (relating to UN list)
  • Other countries sanctions list (on an on-demand basis)
• Sanctions & PEP checks will be made using a single/combination of the Sanctions & PEP databases

2. AI driven, Real-time Customer details matching and verification

3. Intelligent dashboards (Optional)

• Deliver and achieve comprehensive sanctions and PEP risk intelligence to stay informed about current and emerging AML risk exposures, trends, risk management effectiveness, compliance gaps, etc.
• Leverage advanced analytics and reporting capabilities for actionable insights

Key Benefits:

• Detect three times more true positive risks and reduce Sanctions/PEP exposures.
• Release ~2 FTEs involved in manual management of enterprise financial crime risks to high-value activities.
• Uplift & boost 1/2/3 lines of defence for effectively and proactively managing national and international regulatory compliance with respect to Sanctions & PEP monitoring.
• Effective AML (sanctions & PEP) risk management leading to increased customer, board, investor, regulator satisfaction, and brand value.
• Accelerate business growth with holistic AML risk intelligence.
• Return on investment (RoI) within 6 months.
• Modular platform with adaptable architecture for managing future AML risk and compliance demands in an agile manner.

https://www.wetransact.io/