Using multiple platforms, MCaaS delivers flexible, customised sanctions screening that strengthens and works alongside your existing compliance program. Our services help reduce time spent on clearing false positives and lower the risk of not capturing a true “hit”.
Our unique process includes extracting hidden or unmatched data, validating data against relevant documentation, and applying extra scrutiny on problematic data points.
The data on Counterparties, Vessel ownership, UBOs, HS Codes, cargoes and other relevant data are cleansed prior to screening. We flag spelling mistakes, translation errors, duplications and other misrepresentations of the true entity or commodity.
MCaaS also delivers combination screening of cargo, routing, and counterparties to reduce the overall risk of moving a restricted commodity.
MCaaS delivers relevant details about a specific alert with direct link and extract of the specific section of the restricted list and maintains audit trails of all screenings and alerts. We re-screen each data point every 24 hours so that your counterparty list is always up-to-date.
With over 400 sanctions and restrictions lists of third-parties, 130 cargo regulatory restrictions and trade control lists that are monitored regularly, we cover major regulatory regimes and can add customer-specific watch lists.