Challenges and Best Practices of PEP and Sanctions Screening, Part 7: How to Know if Your Screening Solution is Truly Effective, and How to Prove It to Senior Management and Regulators

Many organizations don't really know the effectiveness of their sanctions and PEP screening programs. Further, many have difficulty proving the effectiveness of their programs to regulators. Some organizations employ external companies and consultants to monitor and test the effectiveness of their screening processes, but often times the test data that is used by these third parties does not contain the same data conditions present in the actual client or list data.

• Identify and address weaknesses of the test file to prevent inaccurate results
• Measure the real effectiveness of their existing screening program
• Produce a reliable report to prove the effectiveness of their system to external auditors or regulators

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