Accuity, a provider of global payment routing data, anti-money laundering (AML) screening software, and services, has introduced a translation module for Compliance Link, its enterprise-wide interdiction screening solution. The module enables companies to manage entity records in multiple languages and character sets within their AML, counter-terrorism financing (CTF) and Know Your Customer (KYC) processes.
The translation module streamlines the screening process for institutions whose vendor, customer and other records are maintained in languages that use non-Roman characters. This module converts records into their Roman-character equivalents so that they can be accurately screened against sanctions and enhanced due diligence lists which are in Roman characters, such as OFAC’s SDN list, the EU List, the World Bank Debarred List and many others. The translation module is available for a number of languages in other character sets including Chinese, Japanese, Cyrillic, Arabic, Greek and more.
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