Validate your data
MCaaS verifies data prior to screening by checking spellings, abbreviations, locations, and aliases (for instance, your counterparty may be using a trading name). In doing so, MCaaS can minimize false positives and reduce the risk of failing to screen a sanctioned entity altogether.
Check commodity classifications and routes
MCaaS checks the routes and hidden “in transit” data. MCaaS can work with customers to optimize a process for second-level validation and screening.
Screen today, tomorrow, and next week
Though counterparties may have been screened when they were originally entered into your system, because addresses, ownerships and other details can change, they need to be kept up-to-date. MCaaS rescreen your counterparties and white-listed cargoes every 24 hours.
Strengthen your compliance program’s credibility
Using a third party to deliver screening solutions at “arm’s length” can help prove to authorities that you have exerted your best efforts in strengthening your sanctions compliance program.