Intelligentautomation
The sanctions screening solution offered by the KYCOS Platform is a critical tool for financial institutions and companies looking to prevent financial risks. With real-time screening, immediate feedback, and easy access to comprehensive KYC data, companies can streamline their compliance processes, quickly identify and flag sanctioned entities and politically exposed persons (PEPs) with potential risks, and maintain a positive reputation in the financial community.
Screen new customers against sanctions, PEPs, watchlists, adverse media, and enforcement data
1. SANCTIONS & WATCHLISTS (Effective sanctions screening procedures)
Navigating the ever-changing landscape of sanctions and PEP lists can be daunting. Our continuous compliance solution ensures your personal and commercial portfolios are screened daily, with instant alerts for any new hits. With just one click, you can swiftly verify if doing business with a customer is allowed, giving you compliance confidence.
• Real-Time detection of sanctioned entities and PEPs
The sanctions screening solution provides real-time screening and immediate feedback. Companies can then quickly and easily screen potential matches and receive immediate feedback, ensuring that any potential risks are identified and addressed in real time.
- Flexible and scalable solution
Our sanctions screening software solution is designed to be flexible and scalable, making it easy to integrate into customer workflows. Companies can streamline their compliance processes, reducing the time and resources required to keep their financial systems free of illegal activities.
- Stay ahead of compliance
By utilising the KYCOS Platform for sanctions screening, companies can stay ahead of compliance, ensuring that their financial systems are free of illegal activities. It helps to protect them and their customers while maintaining a positive reputation.
2. PEP & RCA’s screening (Get a complete and accurate picture of a customer)
Companies need to be aware of the risks associated with PEPs and RCAs and take measures to mitigate them. The risks associated with these groups are high, and failure to identify and monitor them could result in severe financial and reputational damage.
Regulatory requirements mandate that companies, particularly in industries with stringent KYC/AML laws like financial services, perform PEP screening. It ensures compliance with national and international standards, helping to prevent financial crimes and mitigate risks associated with politically exposed persons.
KYCOS Platform identifies and monitors on an ongoing basis PEPs and RCAs, conducting background checks to identify risks. The PEP screening via the KYCOS Platform increases transparency in the relationship between companies and their customers and helps companies better understand who they are doing business with.
3. Adverse media Enhance your client screening process
KYCOS has revolutionized client screenings with a new platform, Adverse Media, that takes client screening to an unprecedented level. It offers comprehensive and detailed information beyond typical online searches. It enhances efficiency by automatically filtering out irrelevant results and highlighting only the most pertinent data. Adverse Media is the perfect tool for professionals needing thorough and efficient client screenings.
The platform utilizes advanced algorithms and artificial intelligence to analyze vast amounts of data and deliver accurate and up-to-date information. This means that you can rest assured that the results you receive are reliable and trustworthy. In addition, Adverse Media is easy to use and requires no special technical skills, making it accessible to everyone. Featuring powerful technology and a user-friendly interface, Adverse Media is the ultimate tool for making informed decisions about your clients.
The key benefits of the automated screening are :
Easily resolve screening matches – This aspect of our solution highlights its userfriendly interface and ease of use. It can greatly improve the efficiency of the screening process by quickly resolving any matches that are found.
Analyze and improve the results – The ability to analyze and improve the results of the screening process is a valuable feature for companies. It provides the opportunity to fine-tune the process and ensure that it is as accurate and effective as possible. This can also help to minimize the number of false positives and ensure that only relevant matches are flagged.
Streamline the screening process – By offering the ability to easily resolve screening matches and analyze the results, our solution helps to streamline the screening process. This can free up valuable time and resources that can be redirected to other areas of the business.
Ensure Compliance – With the ability to analyze and improve the results of the screening process, companies can have greater confidence in their compliance efforts. This is especially important in highly regulated industries where noncompliance can result in significant fines and other penalties.
Eliminate compliance risks The KYCOS Platform offers a straightforward solution to identifying the individuals and entities you conduct business with. Using this KYCOS automation you can avoid damaging your reputation and facing financial penalties. Seamlessly implement CDD and KYC processes to ensure consistent compliance at all times. Adopt the KYCOS Platform and ensure the protection of your business. By implementing our proper sanctions screening procedures, companies can protect themselves and their clients from the dangers of financial crime.