IMT Name:IDTM is a name list screening solution that enhances watchlist and sanctions screening for KYC and Anti-Money Laundering compliance.
Enhanced Name Screening
IMT Name:ID is an enhanced name screening solution that leverages name scoring and searching technology used by the US Government as the gold standard. Our process ensures a reduction in false negatives as well as providing a highly configurable filtering and alerting component that ensures fewer false positives.
Maintain regulatory compliance with
Anti-Money Laundering and Know Your Customer obligations
Greatly reduce your false-negative identification rates to reduce your risks and lower operational compliance costs
No one likes to be the victim of a
false-positive. Enhance your client service by reducing inadvertent wrong-client identifications
Name Screening Challenges
Stricter regulatory compliance requirements and possible sanctions enforcement are driving more and more organizations to pay more attention to who they are doing business with. Name screening against Corporate Registries/Sanctions Lists and Politically Exposed Person (PEP) lists is necessary to maintain regulatory compliance with anti-money laundering (AML)/Know Your Customer (KYC) obligations.
Existing watchlist databases and services allow organizations to ensure that they are not doing business with a person or organization that may be somehow compromised.
The problems with subscription based sanction lists , however, are twofold:
1) False positives can incorrectly place a person on the list and cause the person hardship and,
2) Poor data or limited matching and resolution capabilities can inhibit the ability to effectively resolve (or relate) an identity.
Global commerce, multiculturalism and migration further increase the complexity in simple name matching and identity resolution to achieve high quality matches against sanction lists.
IMT’s Name:ID delivers the features and accuracy needed to do this right.
Features and Benefits
IMT’s Enhanced Name Screening solution offers enhanced due diligence allowing you to comply with domestic and international Anti-Money Laundering (AML), Counter Terrorist Finance (CTF), Politically Exposed Person (PEP), and sanctions enforcement regulations.
Name:ID leverages all incoming data as well as derived attributes from the matching algorithm to greatly improve score fidelity and reduce false positives and negatives
Name:ID can be used by any business unit with the ability to combine or check multiple lists. List Specific alerts can be generated to take better actions
Name:ID can be fully integrated with your current systems in real time enabling you to have a sustainable and cost-effective solution for ongoing compliance
Hiding Behind a Name…
Umar Farouk Abdulmutallab (Arabic: عمر فاروق عبد المطلب ); also known as Umar Abdul Mutallab and Omar Farooq al-Nigeri is popularly referred to as the “Underwear Bomber”.
Ready to learn more? Reach out to discuss your needs, goals, and challenges. We’ll even calculate your potential ROI and efficiency gains.