Compliance for PEP and Sanction Lists
TOLERANT Sanction provides you with the necessary security in your daily business.
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Freedom through security in compliance.
Compliance is a challenging terrain. Dealing with politically exposed persons (PEP), laws against money laundering and sanctions regulations require special correctness. The question is: Who is a PEP? And who is subject to economic sanctions? The lists in question are not uniform, and they often contain only rudimentary data. Moreover, they vary depending on the political situation – the rapid developments in the Ukraine crisis alone lead to constant changes in the PEP lists and the European and American sanctions lists.
Our software helps you decisively in this complex matter. TOLERANT Sanction recognizes whether a potential business partner falls under the relevant regulations. The program’s error tolerance is particularly helpful: Even if names are misspelled or spelled differently – which often happens in foreign languages – the software reliably compares the data with all relevant lists. TOLERANT Sanction automatically marks clear results. Unclear results are highlighted and forwarded to your clearinghouse for processing.
In most cases, TOLERANT Sanction can be integrated into existing processes, saving time and money. The program analyzes your existing customer data as well as newly entered ones. We constantly update the lists contained in the program, giving you the assurance of complying with international legislation.
This post is also available in DE.