The right way to handle compliance management and safeguard your business processes.
ASSIST4 Compliance offers effective protections that let you identify listed individuals, companies, groups and organizations. Business relations that would violate an embargo are thus identified in time and prevented. Depending on the demands and your current IT infrastructure, ASSIST4 Compliance can either be run as a standalone application or fully integrated into your existing application solutions.
Comply ASSIST4 Compliance thus ensures compliance with the array of legal regulations in the battle against terrorism and money laundering. The objective is to protect your enterprise and staff from financial and criminal liabilities. Background compliance checks identify undesirable or illegal transactions, stopping or interrupting them before they can be carried out.
SophistiSearch Sophisticated test logic even identifies similarities such as spelling variants or word transpositions. You have the option of running individual checks in real time for each transaction or setting regular batch process checks for specific data.
Lists and test schemes Up-to-date sanctions lists are the foundation of any secure compliance solution. Individual lists are updated with new or modified entries at irregular intervals, often several times a month. Staying on top of this task requires an automated update service – an integral component of ASSIST4 Compliance. ASSIST4 Compliance is designed to manage a broad spectrum of different sanctions lists. The lists freely available on the internet can be supplemented by those offered by various data providers, so that in addition to EU and US legal guidelines, it is possible to integrate the regulations of other jurisdictions – Japan, Canada or Switzerland, for example.
Automatic update service The scope of the update service is tailored to the customer’s individual needs. Data is always consolidated daily by AEB and sent out whenever there have been changes. The update is a fully automated background process without the need for any user interaction. All checklist “deltas” and changes are fully logged in ASSIST4 Compliance. In addition, the user group receives e-mail notification of any modified list entries.
Custom lists In addition to the official sanctions lists, ASSIST4 Compliance lets you administer any number of customized lists. There are many reasons why business relationships are broken off or certain individuals or companies are subjected to a delivery block. Such cases can be handled in “bad guy” lists and integrated into the compliance check process. This ensures full compliance with maximum flexibility. The various search strategies yield particularly reliable screening. In some instances, however, certain addresses are identified as “suspicious” even though they are known to be free of any links to terrorism. ASSIST4 Compliance lets you store such addresses in your company’s own “good guy” lists. Such addresses are exempted from checks if there is an exact match.
Logging and monitoring The complete logging of all activities is a core function of ASSIST4 Compliance. Every single query, any match and all changes to list entries are exhaustively recorded. An internal information management system lets you notify the appropriate parties by e-mail. The distribution list used for notifications can vary based upon the compliance check results or the type of log. This guarantees thorough verification and complete transparency.
Client-enabled A single central Compliance Engine can be shared both by various business process applications and various clients. Profiles allow you to maintain separate lists, compliance check profiles and notification lists and to differentiate various authorization groups and users. ASSIST4 Compliance also distinguishes queries via online interfaces, logs them and applies parameters and settings based on the querying system.
