All over the world, the insurance industry generates a massive flow of funds and some of these funds may not be clean money as we would like to think. Nevertheless, insurers are potentially prone to abuse by criminals including money launderers and terrorist financiers. So, In the insurance industry minimize the Customers' risk is very important. Sanction Scanner helps your Insurance firm prevents from financial crimes.
Time is important for insurance firms like other industries. Sanction Scanner automates your KYC process and risk assessment with its enhanced and AI-Driven algorithm. Your customers' information flows to Sanction Scanner, it evaluates the data and it alerts or lets the process immediately via technical integration (API), Mobile-Friendly Web Screens or Batch Query Channels. Integration with Sanction Scanner's flexible APIs is very easy.
Insurance companies must comply with anti-money laundering regulations requirements. The risk-based approach is central to effectively implement recommendations the authorities such as BSA, FATF to fight money laundering and terrorist financing. The risk-based approach for the insurance industry highlights the nature and level of money laundering and terrorist financing risks of the insurance industry. Sanction Scanner helps insurer, insuretechs, re-insurers and brokers to implements these risk-based recommendations and rules.
Sanction Scanner helps you search and analyze for special interest also provides enhanced global sanction screening services to support your compliance program. Our Global Sanctions List data, particularly the United States, European Union, United Kingdom, Central Asian countries, including Turkey and other Middle East countries have all the sanctions list. We have 1000+ analyzed and enhanced Sanction Lists.
You can integrate Sanction Scanner APIs on web and mobile devices in a world-class structure. Our APIs are developed in a stateless (RESTful) and service-oriented architecture. If you are scanning a person, all you need is their Passport Number, Local Identity or first and last name. If a person is known by any other names. You can use any of his/her ‘also known as (a.k.a.)’ names and Original Script Names to check for potential matches. We find and list all matched records. You can search Corporates, Organizations, Aircrafts and Vessels also.