FinScan, a provider of sanctions, politically exposed persons (PEP) and heightened risk screening solutions for the financial services industry, has partnered with Connection42, a South African provider of advanced technical solutions, services and support, to resell FinScan’s screening products.
Headquartered in Johannesburg, Connection42 provides business, technical and architectural solutions to financial services organisations, including many of the members of the Johannesburg Stock Exchange (JSE). Its partnership with FinScan means Connection42 can now assist clients in complying with the screening requirements of international anti-money laundering (AML) and anti-terrorism regulations.
Deployable as a licensed, hosted or internet-based ad hoc solution, FinScan provides robust, cost- effective screening for organisations of virtually any size – from those performing only individual look-ups to those screening millions of records at a time. In addition, to assist organisations that do not have the internal expertise or IT resources to efficiently comply with the full AML and anti-terrorism mandates of the international regulations, all FinScan solutions also offer a complete compliance package that includes sanctions list management and updating services, as well as automatic production of the audit and due diligence reports that the mandates require.
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