AML– Know your Customer – Address Country Analysis

One of the key data elements for KYC (Know Your Customer) information is knowing the ‘country of address’ of a customer since customer country is a significant aspect of an organisation’s AML risk assessment for which countries an organisation transacts its business. Most customer databases have attributes to record customer address and to record the […]

Country Risk Associated with Sanctions

Understanding your Sanctions exposure in relation to customers, transactions and business is vitally important in today’s fast-paced global economy. The consequences of misunderstanding the risk and allowing funds associated with a sanctioned individual or entity to flow are far-reaching with significant financial and reputational repercussions at stake. Beyond your sanctions list screening, how do you […]

Country Risk – Terrorist Financing & Ongoing Monitoring

Quantifying the terrorist financing (TF) risk from a geographical perspective can be challenging.  What data is relevant for inclusion in the country evaluation and where can you find the appropriate data are important questions.  Once you have the data though it can prove invaluable when trying to address the TF risk as part of your […]

Understanding Country Risk

Many of us are aware of the requirement to include geography or country data in the mix when we are risk assessing our customers, but understanding how to determine the actual risk associated with a country and how to use the information can be more challenging?   The benefits and uses of country risk data […]

Eliminating on Location – Open Borders & Other Issues

A growing trend in financial institutions is performing rule-based auto elimination on secondary attributes. So for example when we have a match on a name; but a mismatch on a secondary attribute such as date of birth, nationality, or location; then the match will be eliminated before a person looks at it. We at SQA […]

SQA Sanctions Screening CTRP – Cities Towns Regions & Ports

More fines have been handed out for transactions to places rather than to names on lists, yet we still spend far more time and effort chasing names of people and organisations, than we do looking for where our clients are based, and where they are transacting. Whilst most screening systems will look for basic country […]