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Sanctions Screening and Monitoring

Sanctions Screening and Monitoring

Reduce false positives and boost your Anti-Money Laundering compliance with a smarter, audit-ready, global Sanctions and Watchlist Screening solution

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What is Sanctions screening?

Financial services firms need to perform sanctions screening to comply with regulatory requirements and avoid legal, financial, and reputational risks associated with dealing with sanctioned parties or high-risk activities. Sanctions screening involves checking the identities of customers, counterparties, vendors, and transactions against various sanctions lists and watchlists to prevent or detect any violations. Failing to comply with sanctions regulations can result in severe penalties, fines, legal actions, and reputational damage.

Why do you need to use Sanctions Screening services?

The world contains thousands of sanctions lists, each with its own complex structure. Checking these lists manually is difficult and time-consuming, with some lists requiring hours of review for just one individual. Furthermore, manual control of these lists is nearly impossible. Fortunately, Sanction Screening Services can help alleviate this issue by enabling quick and efficient screening of sanction lists. With the use of Sanction Screening Services, checking your sanction lists now takes only seconds, saving you valuable time and resources.

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PROTECTION FOR ALL ACCOUNTABLE INSTITUTIONS

Which companies and industry sectors need to screen for sanctions?

Regulators like the FIC may impose an administrative sanction if the FIC finds that an Accountable Institution or any person with an obligation to comply with the FIC Act has not complied with the Act or with a directive issued in terms of the Act.

  • Legal Practitioners
  • Trusts and company service provider (TCSPs)
  • Credit Providers
  • High Value Goods Dealers
  • Estate agents
  • Banks
  • Financial services providers
  • Mutual banks and co-operative banks
  • Life insurers
  • Dealers in foreign exchange
The Solution

How RiskSecure’s Sanctions Screening services can supercharge your compliance workflows

Explore our diverse suite of products designed to enhance your business operations and security. Discover the latest in technology and efficiency with our state-of-the-art solutions.

Reduce False Positives

Accurately identifies potential matches with sanctioned parties or high-risk activities, reducing the risk of false positives or false negatives.

Advanced Name Matching Algorithms

RiskSecure leverages advanced name-matching algorithms that surpass traditional fuzzy matching, using human-like logic and semantics to detect name variations and significantly reduce false positives.

Easy integration

NGA’s modular Sanctions screening APIs, cloud-based or on-prem platforms can completely align with your workflow. We also have a user-friendly, streamlined Sanctions Screening web tool available.

Reduce costs

Reduce the need for manual screening processes, which can be time-consuming and costly. It can also reduce the need for additional staff and resources to manage sanctions compliance.

Audit trails

The Sanctions screening software provides an audit trail of all screening activities, which can help firms demonstrate their compliance with regulatory requirements.

Improve efficiency

We process multiple sources of Sanctions data quickly and effectively every 15 minutes, allowing firms to screen transactions in real-time or near real-time, which can help prevent transactions with sanctioned parties.

SaaS with user friendly interface

Access sanctions screening anywhere with our cloud-based platform, designed for simplicity and ease of use. No steep learning curve—just powerful tools at your fingertips.

API integration that's easy and inexpensive

Integrate sanctions data seamlessly into your existing systems with our affordable API. It’s quick to set up and ensures efficient, real-time monitoring without breaking the budget.

Ongoing Sanctions monitoring

Stay up-to-date with automatic, ongoing sanctions monitoring that alerts you to new risks as they emerge, helping you maintain compliance and mitigate threats efficiently.

Bulk Screening Service

Don’t want complex software or API setups? Let us handle your bulk sanction screening and deliver results in Excel or CSV—for a single, straightforward fee.

INTEGRATION

How you can access this Sanctions Screening data

Leverage powerful tools and seamless integration to stay ahead of regulatory requirements with ease. Our platform is designed to enhance your compliance efforts while simplifying the process.

ONGOING MONITORING

Integrated ongoing Sanctions monitoring 24 hours a day, 7 days a week

Our professional service teams will integrate and configure RiskSecure to work seamlessly with your existing IT landscape and automatically alert you about any possible third-party or customer Sanctions threats with ongoing smart surveillance. This ensures you’ll be notified as soon as related institutions or natural persons appear on some of the many global Sanctions lists we monitor.

BEYOND DATA

Achieve the ultimate operational efficiency with these enhanced features:

Maximize your workflow with these essential features.

  • Adjustable parameters
  • Reliable and automated daily uploads (new and updated records)
  • Report downloads
  • Screening and investigation Audit trails
  • Ongoing screening and monitoring
  • Watchlist performance reporting
  • Multi-level drill down after a hit is detected
  • Customizable workflow and case management tool
  • Easy to use web interface (GUI)

Ready to manage your Sanctions risks from one central solution?

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