KPMG has developed proprietary technology that automates creation of sanctions screening customer and transaction test files.
Managing Sanctions risk through technology.
One of the key controls to avoid sanctions violations involves screening customers and payments against the sanctions lists. Screening systems that are not performing effectively expose clients to the risk of facilitating sanctions violation. KPMG’s Sanctions Screening Testing Platform (SSTP) is a responsive web-based platform that allows clients to generate test files in minutes and robustly test the effectiveness of their screening system.
Automated: Automated test file generation takes minutes, not days, reporting is quick and automation reduces the risk of human error.
Tailored: Highly configurable to work with clients’ different screening systems, payment and message types and lists.
Cost-effective: Menu-based solution gives clients the flexibility to only pay for what they need.”