High-risk customers should be checked periodically due to the threat of crime. Ongoing Monitoring is applied to periodically check high-risk customers on Sanction and PEP lists. The Ongoing Monitoring Process protects businesses from risks such as non-compliance and loss of reputation.
Businesses can plan the control time period according to their risk profiles; then, all customer monitoring checks are performed automatically by the Sanction Scanner. Additionally, businesses can reduce false positives by choosing the Sanctions, Watchlist and PEP lists for which they want to scan their customers.
Businesses with high volume customers do not have to spend much time on customer monitoring processes. With the powerful API, you can integrate the Sanction Scanner with your own company in minutes and automate all your AML control processes.