The Hong Kong Monetary Authority writes on regularity
and independence of the testing:
“2.2. Effective screening procedures should be in place for names that use non-Latin script (including Chinese characters) or commercial codes. Such procedures should be reviewed periodically.”
Wolfsberg Anti Money Laundry principles for
correspondent banking writes on testing:
“Testing conducted to validate that the screening system is performing as expected and to assess its effectiveness in managing the specific risks articulated in the FI’s Risk Assessment. Regular testing of the system should be supported by metrics, analysis and reporting.”
We provide a comprehensive solution to our clients so they can focus on their core business.
The peer/benchmark average in terms of effectiveness and efficiency is provided at different granular levels.
“… Aereve translateral Regtech could be considered as part of the growth strategy roadmap and bureau based financial services ecosystems, in the rising trend of translateral (i.e. reliance of western centric technology), ESG rating, DCEP, EID, eKYC lifecycle management, Virtual Asset Secure token (Crypto), while complying with global standard as FATF recommendation (e.g. interVASP-101 messaging standard).” See video
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“Aereve provides industry expertise related to sanction screening testing solutions. Given the rising need in Regtech together with the trend in transliteration, we found that Aereve’s deep and rich expertise can be leveraged for practical solutions, particularly, the sanction testing screening in Chinese and peer comparison assessment.”
“The Aereve’s approach has proven to give a faster and more efficient turn-around response to a wider spectrum of information users”