Sanctions Compliance

While the financial industry and other ‘high-risk industries’ such as real estate have been required for a long time to have KYC (Know Your Customer) processes in place, many other industries only now face stricter regulations due to the global widespread of KYC and AML compliance requirements. In general, all businesses are required to adopt compliance programs and for example check their business partners against sanctions, crime, and possibly even PEP (Politically Exposed Persons) lists to understand the risk in doing business with their counter-parties.

remQ - Sanctions Compliance is available as a stand-alone solution or can be seamlessly embedded into the remQ platform.

Our sanctions lists check is based on data from the most relevant organizations such as USA/OFAC, UN, European Union, etc. We also cover a crime database, sourcing data from the FBI’s most wanted list and Interpol’s Red Notices.

Name Matching is the real challenge in Sanctions & AML compliance. Our smart matching technology reduces false positives while preventing false negatives.

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remQ - Sanctions Compliance can screen all your business partners and also scan names in any other table in your SAP system. 

remQ - Sanctions Compliance can be licensed as part of the remQ - Follow the Money Compliance platform, or used as a stand-alone tool. Additional licensing is required, based on the number of names that are scanned.