Best Practices for Screening

Screening is a major cornerstone of financial institutions’ efforts to fight financial crime, helping them prevent money laundering, terrorist financing and sanctions evasion, and ensure regulatory compliance. Regulators see screening as a foundational control, imposing serious penalties for not doing enough. However, in practice even carefully designed processes can create unmanageable workloads that can obscure true risks. Meanwhile technology vendors promise game-changing solutions, which don’t always live up to reality. So how to get it right?

In this masterclass, we will take a detailed look at current best practices in screening, covering sanctions (including control and ownership), political exposure, and adverse media. Using in-depth regulatory knowledge, real-world industry experience and practical use cases, our expert speakers will offer practical guidance on how to understand regulatory expectations, how to create a streamlined and efficient process, and how to maximise the power of technology and big data.