Real-Time Transactions Sanctions Screening to Comply with International Regulations
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Siron®One’s transaction sanction screening helps you screen against all lists instantly and remain compliant with regulations, even in regions of nexus with economic sanctions.
Challenges
Keep up with an Evolving Sanctions Landscape and Prevent Sanctions Evasion
Money is moving faster than ever, in an evolving sanctions landscape. To protect your business, you need a solution that keeps up with the latest innovations. Siron®One provides real-time transaction sanctions screening, ensuring you stay ahead of malicious actors and evolving regulations at all times.
Secure Instant Payments and Monitor Sanctions in Real-time
Checking and screening all transactions in real time against all internal or external lists, business rules, and thresholds to ensure compliance is a mammoth task.
Automate Screening for Greater Efficiency and Accuracy
Complying with sanctions screening requirements is complex and costly, a waste of resources and takes focus away from more critical and urgent compliance tasks.
Safeguard Cross-Border Trade in Cross-Border Operations
Cross-border trade operations across multiple jurisdictions, especially in regions of nexus with economic sanctions, pose financial crime risks as much as violating local jurisdictional compliance.
Pre-Screening for the Insurance Industry
Insurance providers, especially those dealing with high-risk products like cash value life insurance and annuities, must implement rigorous procedures for scrutinizing the sanction status of all transaction parties before approval, including checks against global sanction lists, PEPs, and watchlists.
IMTF recognized a Category Leader for Name and Transaction Screening in Chartis RiskTech Quadrant®
Our Solution
End-to-End Transactions Sanctions Screening Software
With new generation business rules and a multi-algorithm matching engine that guarantees the optimal detection and the lowest possible rate of false positives, Siron®One ensures that all transactions are properly screened against sanctions, watchlists, and other regulatory risks.
Sanction Screening in Real Time
Real-time screening of SWIFT, SEPA and other payments against multiple watch-lists (OFAC, BoE, UN, World-Check, and more) in compliance with the latest FATF recommendations.
Automated Screening and Monitoring
Siron®One uses RPA to automate all screening and alert processing, including analyzing large data sets, checking against required sanctions lists, inclusing PEP, and generating and prioritizing alerts based on defined business rules.
Advanced Wire Stripping Detection
Siron®One transaction sanction screening capability can identify BIC, Account Number and Names from Sender/Recipient combinations and decode and analyze data from blocked messages to identify wire stripping and other attempts at sanctions evasion.
Dashboard and Audit Trails
Siron®One tracks all actions taken regarding an alert. With this capability, Siron®One can provide extensive reports that enable the effectiveness of the screening process and accompanying investigations to be assessed.
Case Manager
Alerts generated during transaction screening are scored and routed to the Case Manager. Based on business rules, they can be auto-closed, allowing you to focus on high-priority alerts.
Our Insights
