“We’ve always wanted a double check feature from third party software, to help us with our regulations and compliance. We wanted to incorporate something that properly checks that we’re paying the correct people. This is now possible with AccessPay.“
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Sanctions Screening is a critical security layer for organisations processing cross-border transactions.
AccessPay’s Sanctions Screening provides flexibility to add checks across your entire payment process as often as required.
Unlike some bank portals, the service covers a wide range of payment types, including BACS, Faster payments, CHAPS, Direct Debits, SWIFT & SEPA.
Access to 1000+ Sanctions lists
Enhanced protection against the threat of Fraud & Error
Businesses processing cross-border payments are obligated to comply with Anti-Money Organisations need to protect themselves from devastating financial losses, legal liabilities, and reputational damage.
Enabling Sanctions Screening alongside other Fraud & Error Prevention tools such as Payment Screening and Confirmation of Payee (CoP) ensures secure and efficient processing; an ideal choice for businesses looking to prioritise payment fraud prevention through the adoption of technology.
Save time with fast, effective screening
Bank portals often lack the capability to perform comprehensive checks for all payment types.
With Sanctions Screening your payments are reviewed against over 1000+ international sanctions lists concurrently, increasing your team’s efficiency compared to manual verification.
Reduce risk with consolidated controls
Perform Sanctions Screening directly within your payment operations, consolidating your internal controls.
Replacing manual checks in your bank portal also limits the number of high-risk users accessing sensitive financial data.
By opting for a dedicated Sanctions Screening tool, organisations target their resources efficiently towards only those payments that require additional layers of security, giving you greater flexibility and providing an integrated user experience.
Real-time checks to safeguard your payments before they are processed
AccessPay’s Sanctions Screening tool immediately alerts users if a match from a Sanctions list is found.
Additional identifiers like date of birth are provided to allow you to conduct your Sanctions Screens with all due diligence and act on the results with confidence.
Enjoy full Fraud & Error Prevention
Sanctions Screening is part of AccessPay’s comprehensive Fraud & Error Prevention Suite, designed to enhance your payment security.
Pair Sanctions checks with Payment Screening and Confirmation of Payee for full payment security.
AccessPay also offers Audit Trails, Reports and Multi-Factor Authentication/Single-Sign On options.
Are you worried about APP Fraud?
Find out how to implement best practices for yourself and your business to protect you from the rising threat of APP Fraud.
Read our latest eBook on How to Combat APP Fraud.
Want to detect suspicious transactions?
Optimise internal control mechanisms to help reduce the risk of monetary loss and simplify the path to achieving compliance.
See how you can detect and prevent suspicious transactions.