Data agnostic, automated search across third party, internal, and open sources datasets in near real time concurrently.
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Solution
Cost-effectively and quickly carry out PEPs and Sanctions Check
Effective KYC and AML checks are essential to protect your business. Our scalable, intuitive platform automates global PEPs and sanctions and enables seamless enhanced due diligence checks, allowing you to more confidently and quickly onboard good customers, and manage high-risk customers.
PEPs and sanctions are an essential part of your AML compliance regulatory commitments yet existing processes can be slow, expensive and not give complete protection.
Sanctions lists continually evolving
Lists of Politically Exposed Persons (PEPs) and sanctioned entities are changing on a daily basis globally, while one central database, or definition, doesn’t exist.
Manual checks slow and expensive
Consequently, with many disparate sources, manually carrying out AML compliance checks require a lot of time, driving up costs of compliance and worsening the customer experience.
PEPs and sanctions just one part of the AML puzzle
Solutions capable of delivering efficiencies by automating all aspects of AML, including EDD stages that require multiple data sources, are not available. This is inefficient and drives up data costs as businesses have to negotiate with several providers.
Expensive, fixed price solutions
If data providers don’t offer scalable packages, smaller businesses can find the cost of onboarding a new customer a huge commitment.
Standardised, auditable reports
With increasing regulation and the prospect of being audited, organisations need to have reports that will stand up to regulatory scrutiny, and over time.
Get optimised pricing, a super intuitive all-in-one platform, and comprehensive PEPs and sanctions data for efficient, fast and more accurate compliance checks
Synalogik uses Acuris Risk Intelligence (ARI) data, offering daily, updated PEPs and sanctions data collected from an exhaustive list of both global and local sources for greater accuracy. ARI data is integrated into our data aggregation solution, Scout®, a unique platform capable of automating all aspects of AML checks including EDD. Scout® provides standardised, auditable reports, a single user interface, and access to flexible and scalable data pricing through our rich data provider partnerships and integrations.
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Save up to 85% of your team’s time, compared to manual checks
Get reports in seconds
Key Benefits
With no single universal definition of “politically exposed person” (PEP), Acuris Risk Intelligence incorporates specifics from the widest rage of sources, including non-legally binding framework legislation by the Wolfsberg Group, FATF, UNCAC, JMLSG and legally-binding legislation by the EU (4MLD) and by the governments of the individual countries.
Acuris Risk Intelligence includes data from 233 countries and territories, and follows industry leading review and retention cycles to ensure maximum protection.
Benefit from additional PEP Tiering guidelines allowing clients to better understand the PEP verification process and select PEP data of interest based on their own risk appetite.
Scout® integrates commercial, consented, open source and internal data in a true single intelligence environment for KYC and AML checks; in doing so, allowing you to seamlessly move from one level of check to another, onboard faster, significantly saving time and reducing costs.
Cost effectively scale your data needs – Besides Acuris Risk Intelligence PEPs and sanctions, out-of-the box partner integrations include GB Group, LexisNexis, CreditSafe, Companies House, open-source intelligence, and credit reference agencies.
Create search and risk assessment workflows that collate and analyse across your data sources, along with visualisation of links, make it much easier to discover hidden connections and risk.
Standardised, concise reports with all sources referenced enable your analysts to make better decisions and more easily meet compliance standards if audited.
Customise your workflows to assess risk of all levels of complexity, at any stage of the customer relationship, whether it is simple or high-risk customer onboarding or ongoing monitoring.
Include variable data like Companies House to monitor your customers, reassess at periodic points, and then proactively identify customers whose patterns of behaviour are moving towards offending.
Automation of cross referencing and drawing links across disparate datasets reduces the errors that can occur when doing this manually and improve accuracy.
Overcome the problem of returning too many results from open-source searches with tools to create highly targeted automated searches around keywords, proximity, timeframe, and document type.
The generation of reports in less than sixty seconds allows you to make decisions quicker and improve the experience for genuine customers.
Scout® is already delivering significant R.O.I gains for PEPs and sanctions checks across insurance, banking, gaming and legal.
Learn How Scout® WorksOur Clients
Testimonials
Blog
The Ultimate Guide to Enhanced Due Diligence for KYC and AML
Businesses face increasingly strict compliance regulations, enforcement and fines; and, at the same time, more sophisticated money laundering strategies from criminals. Read our blog to understand how to more effectively and faster carry out enhanced due diligence to stay compliant.
Blog
How to Choose the Right Technology Solution to Optimise Your Enhanced Due Diligence Processes
With numerous technology solutions in the market, it can be a problem to know and understand which one is best for you. In this article, we pick apart the core elements of a successful enhanced due diligence investigation so you can better evaluate a provider’s offering.
Our innovations
Scout® is made up of many innovative feature-rich tools, each of which contribute to maximising operational efficiency within your team.
Data Aggregation
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Open Source Intelligence
Create highly targeted open-source search templates with cleansing, risk assessment and filters by timeframe, country, document type, proximity and keywords.
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Workflow Templates
Create bespoke workflows to cover every business need including remediation, KYC, KYB, AML, EDD, and fraud-based investigations.
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Automated Reports
Get unified reports that standardise the presentation of your AML, KYC and EDD search results for easy viewing, downloading or export to a case management system.
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Risk Assessment
Create sophisticated rules to search for, score, and highlight specific risks according to your business needs.
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Synalogik Knowledge Base
Scout® remembers previous searches, allowing you to get alerted if a customer was the subject of or linked to a previous investigation.
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Monitoring Functionality
Create commercial monitoring rules and get updates on any changes to your supply chain in near real time.
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Advanced Investigations
Utilise our Workbench to view links between entities, clash large data sets and join multiple search criteria together to find that needle in the haystack.
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