The practical challenges of sanctions and KYC screening

To meet regulatory expectations and manage business risk most insurance firms will consider using a sanctions and KYC screening solution. Against a backdrop of escalating consequences of non-compliance, a continuing drive for cost-efficiency, and a desire to avoid disrupting the business process, how do you integrate an effective screening solution that delivers what is required?

Jason Jones (Director at Implement Compliance Solutions & Resources) and Tom Devlin (Senior Regulatory Adviser at RiskScreen) will look at the evolving screening challenges insurance firms are facing and explore some of the options available to address them. They will offer attendees insights into minimising the impact on business processes, reducing risk and optimising efficiency through improved matching and mechanisms for reducing ‘false positives’, as well as maintaining a thorough audit trail and ease of reporting.

A light lunch will be served from 12:40pm, with the seminar starting at 1pm.

Registrants can also subscribe to the free KYC360 knowledge hub and create an effortless record of their evolving AML expertise with the free digital CPD Wallet.