Challenges and Best Practices AML Screening, Part 1: The Importance of Data

Date: Jan 29, 2019 - Jan 30, 2019
Topic: Risk & Compliance

Highlighting the advanced capabilities of the FinScan® sanctions and PEP screening solution.
Attending this webinar qualifies for 1 CAMS credit.

Register Now Americas - 12:00 EST     Register Now EMEA 12:00 GMT

Critical to the success of your sanctions and PEP screening initiatives is a comprehensive understanding of your customer and third-party data – and how to best leverage that data. Poor data quality greatly increases the number of false positives requiring review and also increases the risk of missing a true match and incurring fines or reputational damage. Organizations that address these issues early in the screening process have been able to achieve a drastic reduction in their false positive rates as well as their exposure to risk, as sanctions and PEP screening programs are only as strong as the data that is fed into them.

Please join us for the first in a series of lively and informative discussions regarding the challenges and best practices associated with heightened requirements for PEP and sanctions screening.

Specific topics include:

  • The importance of understanding your client data and ensuring data integrity
  • Getting the most value out of your sanctions, PEP, and high-risk entity database
  • Common examples of data issues that may be impacting your program—and how to resolve them
  • How data prep processes prior to screening can significantly reduce your risk and false positive remediation time, enhancing overall productivity

Join us, and in just 1 hour, get an up-to-the-minute briefing on a proven methodology for successful sanctions and PEP screening, and learn the vital role client and third-party data play in reducing financial and reputational risk.

Questions will be answered both during the session and at the conclusion.

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