Assurance for today’s complex and dynamic sanctions environment
Unlock precision and efficiency in your sanctions screening and customer risk management with Socure’s AI-powered Global Watchlist Screening with Monitoring.
TALK TO AN EXPERTLegacy watchlist solutions expose your business to compliance risk
Traditional approaches may check the box, but their inaccuracies result in high operational costs and risk of regulatory enforcement.
Protect against financial crime and money laundering
20% more accurate than traditional approaches
30% fewer false positives than legacy solutions
75% reduction in manual review time
60% reduction in staffing and resource costs
Key Benefits
Highest standards of compliance
Prove accurate matches with novel entity risk scoring that withstands regulatory scrutiny
Focus on the risk that matters
Eliminate irrelevant alerts that waste time and resources
Streamlined manual reviews
Achieve rapid disposition of matches with automated, intuitive case management
Socure’s AI-powered Global Watchlist Screening with Monitoring delivers unrivaled accuracy and automation
Leveraging AI and machine learning, Global Watchlist Screening with Monitoring ensures precise matching and streamlines compliance processes for organizations navigating today's regulatory complexities
Complete end-to-end watchlist solution for screening, monitoring, and risk management
Effortlessly screen, monitor, and disposition your customers in real time against sanctions, enforcement lists, politically exposed persons databases, adverse media information, and your own custom lists.
Industry-leading accuracy
- Hyper-advanced machine learning technology delivers unmatched accuracy reducing false positives and false negatives
- Precise matching even with nicknames, unintentional concatenation or splitting of names, names with titles and honorifics, phonetically similar names, or transliterated names
- True high-risk entity identification with advanced entity resolution, profile matching, and correlation scoring
Uninterrupted sanctions compliance
- Real-time alerts to customer status changes that ensure compliance
- Daily OFAC, PEP, and adverse media list updates
Optimized to specific business requirements
- Configurable sanctions and risk tolerances to meet organizational requirements
- Noise reduction with granular control of categories, sub-categories, and specific lists to screen against
- Seamless integration of custom watchlists for known good and bad actors
Innovative profile matching
Industry-leading two-stage scoring system harnesses proprietary machine learning technology to provide unparalleled certainty that the individual in question is the correct match.
Robust name matching
Customer submitted PII is matched against selected watchlists within your defined risk parameters
Advanced entity resolution
Returned matches are intelligently grouped into comprehensive entity profiles enriched with supplementary information
Definitive correlation scores
Each PII element is scored to elevate the correct entity, proving a match while eliminating false negatives
Effortless case management
Replace tedious manual processes with a single tool for rapid disposition of matches. Generative AI enables entity resolution, contextual information, explainability for audits and a recommended course of action.
Automate case generation and assignment
Automatically create and assign new cases to expedite review and disposition, reducing your exposure to risk
Prioritize critical cases
Ensure review of most critical cases first, such as OFAC, and designate four-eye review where required
Available one-step workflow
Enable analysts to fully disposition cases, or choose traditional two-step supervisor review for final approval
Extensive proof for audits
Capture every action during review process, input PII with returned profile match, analyst/supervisor comments, and GenAI explainability for reviewable context of decisions
3 available tiers of service
Focus on the coverage relevant to your business, with complete control of selected lists and matching criteria
Standard
Robust global coverage to meet your core compliance needs
- OFAC SDN and consolidated lists
- Other global sanction lists from US, Canada, UK and EU such as UN consolidated, EU sanctions, UK HMT and US Department of State lists
- Enforcement lists, including FinCEN Money Laundering Concern List
- US OIG Exclusion List
- HIDTA, HIFCA
- Custom list
Plus
Increased diligence for sanctioned or exposed individuals
Standard tier in addition to:
- Domestic and International -Politically Exposed Persons (PEPs), Tiers 1-4
Premier
Confidence to do business nearly anywhere
Standard and plus tier in addition to:
- Global adverse media information for individuals and entities