CHICAGO - TelAve -- KYC2020, a leader in Global Watchlist, PEP, and Negative News Screening for AML Compliance, today announced a new add-on service for DecisionIQ, its SaaS advanced screening platform. The service, SanctionWatch™, will make it easy for regulated entities to Get compliant and then STAY compliant with daily persistent and automatic monitoring of OFAC and other global sanction lists.

With the rise of challenger banks, buy now pay later services, cryptocurrencies, international remittance services and digital payment tools, organizations are facing increased regulatory pressure around the world to continuously monitor their customers against the ever-changing global sanction lists.

SanctionWatch™ enables KYC2020's customers to create whitelists that are encrypted for data privacy and are continuously monitored against daily OFAC and sanction list changes. The customer is alerted via API Notifier, Email, or Web UI if a sanction is imposed on any member of the whitelist. The sophistication and AI-powered smarts of DecisionIQ is used for screening to avoid alerts on previously cleared hits or generating new false positives. SanctionWatch™ is designed to exceed AML regulatory requirements while improving operational efficiencies.

More on TelAve News

• ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
• Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
• Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
• Robert Fabbio Inducted into the Austin Technology Council Hall of Fame
• Cybersecurity is Protecting Your Personal Information and Your Portfolio

"Getting compliant is painful - staying compliant should not be more painful", said Rajeev Bahri, Head of Product and CEO of KYC2020. "If onboarding systems are a high manual effort, ongoing monitoring systems are worse. Ongoing monitoring systems for banks are 'gigantic money furnaces', I am confident we are solving this problem with the launch of SanctionWatch™.

For a limited time SanctionWatch™ will be included for FREE as part of select annual plans. The service is accessible via the DecisionIQ API or Web UI. To learn about how KYC2020 reduces the overall cost of AML compliance, kyc2020.com. or email us at sales@kyc2020.com

ABOUT KYC2020

KYC2020 is an industry leader in AML compliance technology. The company's mission is to make AML compliance easy, effective, and affordable for enterprises of all sizes. KYC2020 provides global watchlist data, screening and decisioning solutions to over 250 global customers. Organizations rely on its platform, DecisionIQ for global Sanction, PEP and Adverse Media screening and Ongoing Monitoring. KYC2020 helps its customers speed up onboarding and stay compliant while delivering a significant reduction in manual workloads and overall cost of compliance. For more information, visit kyc2020.com.

More on TelAve News

• L2 Aviation Celebrates Grand Opening of New Facility at Cincinnati/Northern Kentucky International Airport (CVG)
• Managing Summer Staffing Surges with Confidence: Why Name Badges Are a Must for Seasonal Success
• Visa Named Title Sponsor of Ascending Athletes' Business Owners Summits for NFL Entrepreneurs
• The Paris Court of International Arbitration Elects Dr. John J. Maalouf as its New President
• Whistleblower Seeks SEC and Shareholder Review of Cogent Communications' 2003 Acquisition of FNSI