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AUDITING TOOL
FOR AML SANCTION SCREENING

FIGHT FINANCIAL CRIME EFFECTIVELY, AVOID FINES & SAVE REPUTATION

DOES YOUR AML SYSTEM MATCH REGULATIONS’ REQUIREMENTS?

for
AUDITING FIRMS and
INTERNAL AUDITORS

NAME SCREENING VALIDATION MAY AND SHOULD BE PERFORMED:

  • Before each deployment of a new version of current AML solution
  • Periodically for ensuring solution’s effectiveness prior to multiple changes in different data sources

Comprehensive Test based on best practices and methodology:

  • Spotting Missed-hits
    and reasons for miss-hits
  • Case Validation
    covering a range of required scenarios, incl. unstructured names
  • Measuring Rate of False Positives
    and identifying the tuning needs
  • Comparing across languages of origin
    different transliterations, misspelling & other variations in different 40 Lang.
  • Cross-Referencing
    of additional data types and record parameters – address, email, etc.

Synthetic Data Repository

The AML system is benchmarked against the Fincom’s Validation Engine, both using the same baseline, created randomly on each test-run. The baseline Representative Sample batch file is generated automatically out of Fincom’s extensive synthetic data repository with over 15,000 entries.

The data repository includes Names that appear in blacklists with representation of all typical test cases, such as: Camelbacks, Sticky-fingers, Unstructured names, etc. Each case is represented statistically within the database.

INDUSTRY STANDARD
BENCHMARKING

Deployed by industry leaders

ACCURATE NAME
MATCHING

Using Fincom’s patented “Phonetic Fingerprint” technology and computational linguistics

BULLETPROOF
VALIDATION PROCESS

Ensuring compliance with the strictest AML regulations, efficiency and effectiveness

Validation Tool for
AML Compliance Auditing

Key Advantages:

  • No InfoSec needed
    Synthetic data repository of
      > 15,000 records
  • User-friendly Dashboard
  • Customizable Auditees Report
  • Transliteration validation
    in 40 different languages
  • Proven technology –
    trusted by industry leaders

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