Advanscreen LTD Information

Advanscreen is a full and complete solution with a user friendly interface that enables you to comply with "Know your Customer" Requirements for Businesses and Organizations that are subject to Anti Money Laundering and Terrorist Financing Regime. The system provides easy screening solution for Business Service Providers (accountants and lawyers), Money Service Providers, P2P, Diamond dealers and all other regulated entities to conduct background check and screening the names of their customers (or any third party) against leading sanction lists and sources of public information. Customer Due Diligence process in the global village of the 21th century /// Advanscreen The Global war on Money Laundering & Terrorist Financing has introduced new Screening, monitoring and reporting duties to all Financial intermediaries such as: Banks, Money Services Businesses, Stock exchange brokers, Insurance companies, Diamond merchants, Business Professionals (Lawyers & Accountants) and more. Billions of Dollars in fines and criminal charges have been levied worldwide on Banks & Financial institutions for noncompliance with sanction law regulation. /// The Problem: Global Sanctions Information sources are various and unconsolidated. Each country or union publishes their own independent lists - in different formats/accessibility levels - to be enforced only in their region and . /// AdvanScreen’s Solution: •Innovative KYC concept: All the relevant information in one place to make a risk evaluated and informed business decision, avoiding potential fines and legal risks. Pay-Per-Screen pricing method makes competitors expensive annual subscription unnecessary. •Simple and user-friendly interface; All searches are retained for audit •Reverse screening notifications: Live notifications of list changes allows peace of mind for end users without the need for continuous due diligence & screening. •Social Intelligence feature: End users can add & share their own black lists.