NameScan is an online AML (Anti-Money Laundering) and CTF (Counter Terrorism Financing) service which specialises in PEP and Sanction screening services.
NameScan is an online AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) service which specialises in PEP and Sanction screening services. NameScan offers access to multiple data sources, depending on your AML requirements. These multiple data sources include:
Emerald Checks use NameScan's Proprietary Database includes extensive coverage of global Sanction lists and a consolidated global PEP list, which is growing daily. This covers the most popular Sanction lists including OFAC, United Nations Sanctions, Australian Sanctions, US Consolidated Sanctions, EU Financial Sanctions, UK Financial Sanctions, Office of the Superintendent of Financial Institutions (Canada) and Bureau of Industry and Security (US) and more. This is also updated daily.
Sapphire Checks use the C6 Intelligence Database provides and comprehensive coverage of PEP/RCA/SIP worldwide, with 1.4 Million PEP profiles, 1.2 Million Sanction profiles and 400,000 adverse media links. The data is updated daily to provide you with live results and is growing by 40K profiles per month.
NameScan currently scores 76/100 in the Financial Services category. This is based on user satisfaction (66/100), press buzz (40/100), recent user trends (falling), and other relevant information on NameScan gathered from around the web.
| The score for this software has declined over the past month. What is this? |
Regional Restrictions: None
API, Batch and Single Scan functionality
Intuitive and easy to use online AML service
Full due diligence and reporting functionality
Customisable packages depending on requirements
No delay in registration, sign up and beginning scanning immediately
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Identity Verification Solutions
Transaction Monitoring Solutions
Core Banking Solutions
No on roadmap for 2020
NameScan has an API and can be integrated with any other app
PEP (Politically Exposed Persons) and Sanction Screening
Ensure Regulated Entities are compliant with the AML act of 2006
Customer management and risk levels
Web App supports all types of platforms
AML Compliance Officers
Head of Risk
Chief Risk Officer
Administration staff
Onboarding Personal
Customer Success personal
Usable service, generates PDF reports which can be saved to client records, covers the basics
Got caught out by sharp billing practice which forces you to buy a bundle of credits (minimum 50) and then wipes them after a year. I guess they make more money from non-use than use of their service (which seems sharp).
Lots of dupes and false positives to be found, would be nice if that could be minimised
AML, Sanctions and PEP compliance
