Rahn Monitor Application – Sanctions screening
Sanctions Screening : A Three-Phased Approach
At RAHN, we understand the importance of sanctions screening for your business. That is why we have developed Rahn Monitor, which consists of three main components: the sanctions dataset, a search function, and the ability to develop a custom internal dataset.
The Sanctions Dataset
Our sanctions dataset is updated daily via an automated process to synchronise with the major data lists. We have reviewed and audited the data collection process and the dataset to ensure compliance with regulations.
The dataset is built following the process published by list authors to ensure no data is lost during development. You can access the dataset via an API directly from our website or through Azure SQL Cloud.
The Search Function
Our search function allows users to search for specific individuals via the user interface. Compliance officers and managers can use this feature to confirm sanctions hits and understand the target data before making on-boarding or exit decisions.
It can also be incorporated into a CRM system to help front-line resources determine potential compliance issues before onboarding clients. This improves the client experience and fast-tracks the onboarding process.
The Custom Dataset
Our custom dataset functionality allows any company to build their own internal do-not-do-business list. This ensures that no unwanted elements are onboarded into the company. Cases that involve individuals and companies in drawn-out litigation proceedings can be loaded into the custom dataset. It forms part of the overall target set that the sanctions screening tool employed by the company can scan for potential issues.
We look forward to collaborating with you!
For more information, please visit www.rahnmonitor.co.za