Accuity has launched its enhanced dual-use goods screening capability, to prevent goods being used in terrorist or rogue state activity.
The new screening engine, which differentiates between goods that could have civil and military purposes, enhances standard regulation lists with additional synonyms and data points to increase the chance of catching high-risk goods.
It is designed to respond to the increase in regulatory pressure on banks to intensify their efforts fight financial crime and money laundering.
Heather Lee, Accuity’s trade compliance product lead, said: “Compliance teams often dedicate significant resources to investigating false alarms and risk missing potentially illicit activity, while legitimate transactions may be delayed or simply become uneconomic.”
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