Rahn Monitor Application – Sanctions screening

Sanctions Screening – A Three-Phased Approach

The Sanctions Dataset

Rahn Monitor consists of three main components. The sanctions dataset, a search function, and the ability to develop a custom internal dataset. The sanctions dataset itself is updated daily via an automated process to synchronize with the specific data lists. The data collection process and the dataset have been reviewed and audited. Thus ensuring the dataset complies with the regulations. The process followed to build the dataset aligns with what has been published by the list authors. So that no data is lost in the development of the dataset. The dataset is supplied via an SMTP download directly from the website or can be accessed via Azure SQL Cloud.

The Search Function

The search function of the sanctions screening application allows users to search for specific individuals via the User Interface. This can be used by various functions within the company. Especially compliance officers and managers who need to confirm the sanctions hit. To understand the target data before making an on-boarding or exit decision. This functionality can further be incorporated into a CRM system. Providing assistance to front-line resources in determining potential compliance issues before onboarding clients. This improves the client experience and fast-tracking the onboarding process.

Rahn Monitor Sanction Screening

The Custom Dataset

The custom dataset functionality allows any company to build their own internal do-not-do-business list. This can help to ensure no unwanted elements are onboarded into the company. It often happens that individuals and companies are involved in drawn-out litigation proceedings. This does not explicitly exclude them from being clients, but which may be against the company’s internal qualification criteria. These cases can then be loaded into the custom dataset. It will then form part of the overall target set. Against which the sanctions screening tool employed by the company can scan for potential issues.

Contact us today about pricing options and how Rahn Monitor can transform the way in which your sanctions screening is done.