FinScan offers real-time screening of transactions so you can detect risks involving sanctioned or high-risk parties. With transaction screening, you can identify and extract all relevant pieces of information from transaction messages and screen that information against watch lists such as sanctions, PEPs, or any internal black lists.
Identifying suspect transactions efficiently and accurately can be challenging. Important information embedded within messages must be identified, extracted, and screened to stop any illicit activity before it’s too late.
With FinScan Transaction Screening, payments are held until the message is cleared. Relevant information, including names, origin, and destination countries, are extracted and screened.