Be ready. Sanctions screening in Asia Pacific.

Banks across the globe are feeling the pressure of increased regulatory demands and the rise of organised crime. At the same time banks within the Asia-Pacific region (APAC) are experiencing a dramatic increase in payments traffic.

While it is good news that trading between APAC countries is rising, compliance professionals are having to deal with more complex scanning processes, involving challenges caused by different languages. This means the number of false positives is rapidly rising – costing time and money.

Compliance budgets are stretched. By driving down costs banks run the risk of missing sanctioned entities and in today’s climate that could mean HUGE fines and a damaged reputation.

Can you imagine a fresh and intelligent approach to sanctions screening? An innovative way of facing all these challenges while becoming more effective and more efficient?
At Logica we are helping banks substantially drive down the costs involved in sanctions screening. We are helping them address the regulations while using their resources in a more productive way.