Safe Banking Systems, LLC (“SBS”) today announced three significant enhancements to SAFE Advanced Solutions®, the company’s comprehensive anti-money laundering and compliance offering for screening sanctions, Politically Exposed Persons (PEPs) and negative news to uncover hidden risk.
A new core module, SAFE Information Repository, offers maximum flexibility for capturing, monitoring and reporting all information related to client data uploads and daily surveillance screening. It features a customizable platform for management and audit reports and an historical report archive. Information in SAFE Information Repository can be extracted in any combination of ways and in any format to meet a client’s reporting needs. In addition, SAFE Information Repository leverages news monitoring from SAFE News and link monitoring from Making the Connection for ongoing enhanced due diligence.
SBS has also introduced an integrated web call service for seamless online account opening and other on-demand screening needs. This new fully automated option for single name lookups within SAFE Online enables clients to screen individuals and companies in real time against sanctions, PEPs, negative media and internal watch lists.
SAFE Internal List Manager, the third of SBS’ enhancements to SAFE Advanced Solutions, offers cost-efficient management of client-specific internal lists. This time-saving, web-based utility facilitates the initial upload of customized internal lists and subsequent manual entries and edits to generate filter-ready files. It also provides unique functionality to search for duplicate records, offers one-click merging of duplicates and allows record linkage.
“SBS’ solutions are designed to uncover hidden risk while making entity resolution, which can be onerous, a manageable process,” said David Schiffer, president SBS. “We believe these three new enhancements to SAFE Advanced Solutions will provide clients with an enriched product replete with new functionality and flexible screening and reporting options.”