World-Check

If You're Serious About AML, Use Truth Technologies' Sentinel™ with World-Check

World-Check Brochure Your organization's operations, reputation and very survival can depend on minimizing financial risk and ensuring compliance with regulators.

Truth Technologies' Sentinel with World-Check lets you quickly and cost-effectively mitigate risks associated with PEPs, money laundering and terrorist financing. Sentinel gives you seamless access to the Data-File to determine whether customers are Politically Exposed Persons (PEPs), terrorists, or financial criminals, and to conduct enhanced due diligence. As a hosted solution for reducing your organization's risk, there is no software for you to install, maintain or update, allowing you to focus on your core mission.

A comprehensive solution for regulatory compliance, World-Check's risk intelligence database, contains hundreds of thousands of meticulously structured profiles on individuals and entities known to represent a financial, regulatory or reputation risk to organizations. Coverage includes; money launderers, fraudsters, terrorists, organized crime and sanctioned entities amongst other high risk categories. In addition, World Check tracks Politically Exposed Persons (PEPs) and their relationship networks plus individuals and businesses from other categories. World-Check's database find direct application in financial compliance, Anti-Money Laundering (AML), Know Your Customer (KYC), PEP screening, Enhanced Due Diligence (EDD), fraud prevention, government intelligence and other identity authentication, background screening and risk prevention practices.

Truth Technologies Sentinel integrates directly with , allowing you to immediately start screening against the World-Check data base. Screening can be done using an online web application, batch processing or a real time API. These options allow organizations to choose what is most important to them: immediate access to Sentinel, high volume processing or fully automated immediate results.

You need to reduce your organization's operation, reputation and compliance risk quickly and in a cost effective manner. The best product to accomplish this is Sentinel. Truth Technologies can have your organization up and running on Sentinel the same day you become a customer. To get this process started please contact us for a price quote or request a demo.

Sentinel offers these bottom-line benefits:

  • Reduced Workload - Automated customer on-boarding eliminates the need to manually enter data. Sentinel's low false positive rate, New Data Alert and Continuous Customer Monitoring features dramatically reduce occurrences of matches requiring review by up to 75%.
  • Reliable Compliance - Complies with US, Canadian and EU privacy and AML rules. Accounts can be configured to provide comprehensive, un-editable audit logs to be used for reporting and due diligence verification.
  • Trouble-Free Maintenance and Integration - Hosted solution provides automatic system, software, and database updates. Batch processing and real time integration can be accomplished in less than one day.
  • Ease of Use - Fast, user-friendly remediation screens, workflow, and SAR and CTR reporting. Batch Screening and Real Time APIs allow you to check thousands of customers without having to manually enter any data.
  • Streamlined Global Operations - Language capabilities include English, Spanish, and French and international watch list support for names and addresses.

Feature Details:

  • Incident Workflow Management - Allows users to review matches and document whether the match is a verified true match or a false positive. Matches can be marked as under review while additional information is gathered.
  • New Data Alert and Continuous Customer Monitoring - Allows clients to automatically re-screen customers and filter out matches that are identical to the results of the last screening process.
  • Reporting and Searching - Powerful reporting allows clients to search for matches and summary data using multiple filter criteria such as date run, result type, user, batch process job, and much more. All reports are sortable and can be exported as pdf or MS Excel documents.
  • Industry Leading PEP Support - Integrated with World-Check's highly structured database of Politically Exposed Persons and High Risk Individuals.
  • Low False Positives - Secondary matching criteria such as date of birth and citizenship are used to eliminate erroneous matches. In addition the matching sensitivity for each data source can be adjusted on the fly by the client.
  • FinCen 314(a) Support ? Upload your FinCen list into Sentinel to allow all your customers to be screened against the list.

For more information on Sentinel™ with World Check contact us, or see the Sentinel™ with World-Check brochure.