Verify the identity of each prospective customer against sanction lists.
Managing customer due diligence requires advanced profiling and matching strategies. Data content in the sanction lists is often not as extensive as data in the systems of an organisation. As far as the quality of the data is concerned (accuracy, validity, completeness, and uniqueness), there are large differences from organisation to organisation and from sanction list to sanction list. Another important issue is the use of aliases and different character sets in sanction lists.
Ascertain provides Human Inference’s Customer Due Diligence solution as an easy-to-use graphical interface designed to simplify the management of sanction list matching.