Sanction Scanner: AI-Native Risk Intelligence for Global Compliance

Overview

Sanction Scanner is an AI-driven platform designed to transform massive data sets into actionable compliance insights for global leaders. The platform specializes in automating decision-making, detecting anomalies, and preventing fraud, specifically tailored to meet Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) obligations. Trusted by over 800 clients, the solution simplifies complex AML regulations through advanced technology.

Benefits

Sanction Scanner offers several key advantages for organizations managing global compliance. It provides extensive data coverage by aggregating more than 3,000 different sanctions, PEP (Politically Exposed Persons), wanted, and watched lists from over 220 countries. This allows companies to automate their sanction list controls and classify entities according to specific risk levels. The platform leverages industry-leading AI to make AML operations less complicated. Key features include automated decisioning, anomaly detection, real-time screening, and automatic risk classification. The platform is designed to be user-friendly and flexible, catering to companies of all sizes. It features a powerful RESTful API powered by webhooks, enabling two-way data transfer between Sanction Scanner and a client's own projects. Users can manage compliance products through intuitive, enhanced dashboards. Additionally, users can instantly check individuals, companies, and vessels against global sanctions lists for free without requiring a login.

Use Cases

Sanction Scanner serves a diverse range of industries, helping organizations scale their risk and compliance platforms. It is particularly useful for companies that need to screen transactions and onboard customers efficiently. For example, Moldcell, a leading Moldovan telecom and fintech operator with 1.5 million users and over 100,000 transactions screened, utilized Sanction Scanner to scale its AML operations. The implementation resulted in 2%+ of transactions flagged as high or critical risk and a significant reduction in false positives. This allowed the company to reallocate time and effort previously spent on false alarms to other business growth aspects. Other clients like ironSource, AirHelp, MPay, Tom Bank, and TPAY have used the platform to enhance their compliance and customer service through seamless integration. The platform is ideal for organizations that need to detect potential matches instantly and take immediate action to meet their AML obligations.

Pricing

Pricing details are not available in the provided information.

Vibes

Clients have praised Sanction Scanner for its ability to transform operations and improve efficiency. Guy Shaked, Legal Counsel at ironSource, stated that partnering with Sanction Scanner transformed their payout operations, enhancing compliance and customer service. He noted that their AML solutions integrated effortlessly with their systems, resulting in a notable improvement in operational efficiency within just one quarter. Michal Brzeski, Head of Global Payments at AirHelp, highlighted the platform's real-time screening capability and automated alerts. He mentioned that it helps them detect potential matches instantly and take immediate action, which is critical for their AML compliance. Miradam Aghayev, Head of Risk Management at MPay, appreciated the fast, easy, and secure customer onboarding process. He noted that thanks to the enhanced scanning tool, they focus on real risks, not false positives, allowing them to meet AML obligations and customer expectations. Arda Akay, Chief Compliance Officer at Tom Bank, praised the platform for providing the most comprehensive database to screen clients, including lists from all over the world that are always up-to-date. Gulnihal Akartepe, Global Vice President at TPAY, highlighted the platform's ability to enhance compliance and customer service through seamless integration.

Additional Information

Additional information regarding funding, partnerships, or specific achievements beyond client success stories is not available in the provided information.