Unfortunately, money transfer companies are among the most at-risk organizations when it comes to money laundering and the financing of terrorism. Financial criminals are using remittance companies for laundering money and terrorist financing. Control your customers' payments without delays, by maximizing automated transaction screening. Sanction Scanner is helping money transfer companies to get easily comply with the latest AML/CTF regulations and prevent themselves from financial crime.
Sanction Lists, Pep Lists and Watch lists are updated very frequently. Therefore, businesses must perform AML checks using updated data. With our AML Screening tool, businesses can detect their customers in more than two hundred countries' real-time sanctions, PEP and adverse media data.
Our technical motto is "API First". We provide API support for all our AML solutions. You can integrate your system with Sanction Scanner's Flexible APIs. You can use Name Search, Id Search, Passport no Search methods, create blacklists, white lists via API. We won't save your data, but if you don't want to share your Customer Data with us, we have different & unique search methods for it.
Millions of financial transactions take place every day through the payment industry. Payment companies and money transfer companies have to control the transactions they mediate. Our Transaction Screening tool provides financial institutions to control the receiver and sender in transactions in our global AML data. With API integration, all controls take place automatically in seconds in the background.
Our AML Transaction Monitoring Software provides end-to-end features that enable payment and money transfer companies of all sizes to meet their anti-money laundering and countering the financing of terrorism obligations. Payment and Money Transfer companies can create their own rules and scenarios without any knowledge of code, so they can automatically detect high-risk and suspicious activities. Automate your transaction monitoring processes and reduce false positives with enhanced features.
This case study contains information about the payment and transaction screening processes of Ist-pay, a money transfer company. Ist-pay has strengthened the process screening process with Sanction Scanner and fulfilled its AML obligations.