Real-Time Transaction Counterparty Screening with Automatic Case Creation

Transaction Screening

PrimeAML's Transaction Screening enables you to screen transaction counterparties in real-time against sanctions, PEP, and adverse media lists, with automatic case creation for suspicious matches. This critical capability ensures that all transaction counterparties are screened before or during transaction processing, preventing transactions with sanctioned entities or high-risk parties. For cryptocurrency transactions, the system also screens wallet addresses against blockchain analysis databases, ensuring comprehensive coverage for digital asset transactions.

The transaction screening system integrates seamlessly with transaction monitoring, automatically screening counterparties as transactions are processed. When screening hits are detected, automatic case creation ensures that suspicious transactions are immediately flagged for review, enabling prompt compliance actions and preventing potentially problematic transactions from completing.

Key Features of Transaction Screening

Our comprehensive transaction screening solution includes all the tools you need to screen transaction counterparties effectively.

• Real-Time Screening
  Screen transaction counterparties in real-time as transactions are processed, ensuring immediate risk identification.
• Automatic Case Creation
  Automatic case creation for suspicious matches ensures that high-risk transactions are immediately flagged for review.
• Counterparty Screening
  Screen both incoming and outgoing transaction counterparties, ensuring comprehensive coverage of all transaction parties.
• Integration with Monitoring
  Seamless integration with transaction monitoring ensures that screening results inform transaction risk assessment.
• High-Speed Processing
  Fast screening execution ensures that transaction processing is not delayed by screening operations.
• Crypto Wallet Screening
  Screen cryptocurrency wallet addresses in transactions against blockchain analysis databases for comprehensive digital asset compliance.
• Result Management
  Comprehensive result management with false positive handling and workflow integration for efficient operations.

Why PrimeAML's Transaction Screening Stands Out

PrimeAML's Transaction Screening ensures that all transaction counterparties are screened in real-time, preventing transactions with sanctioned entities and high-risk parties.

• Real-Time Protection
  Real-time screening ensures that high-risk transactions are identified and prevented before completion.
• Automatic Workflows
  Automatic case creation ensures that suspicious transactions are immediately flagged for review and action.
• Comprehensive Coverage
  Screening of all transaction counterparties ensures comprehensive risk coverage across all transactions.
• High Performance
  Fast screening execution ensures that transaction processing remains efficient and responsive.

PrimeAML's Transaction Screening provides the real-time protection you need to prevent transactions with sanctioned entities and high-risk parties, ensuring compliance and risk management at the transaction level.