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What is ONESOURCE Denied Party Screening?

ONESOURCE Denied Party Screening offers a robust and automated method for assessing customers, suppliers, and partners against over 750 international lists of restricted parties and sanctions, allowing for smooth integration with import/export management systems that block transactions upon detecting matches. This solution guarantees compliance by providing daily updates from global lists and a thorough content-validation procedure that works in conjunction with governmental organizations. Users have the flexibility to tailor the screening process by choosing relevant lists and establishing specific match-score thresholds that resonate with their unique risk evaluations. The sophisticated matching algorithms draw on more than 30 data elements, such as name, birthdate, location, and nationality, significantly minimizing the occurrence of false positives. Additionally, this solution strengthens transaction security by evaluating supply-chain participants according to best practices laid out by the U.S. State and Commerce Departments, uncovers complex ownership structures through detailed research from Dow Jones regarding sanctions, and broadens due diligence by incorporating assessments of Politically Exposed Persons (PEPs), which ultimately fortifies overall risk management strategies. With such extensive features, organizations can navigate their compliance initiatives with enhanced assurance and efficacy. This level of thoroughness not only safeguards against potential legal repercussions but also fosters trust with stakeholders involved in the transaction processes.

What is MatchAudit?

MatchAudit is an innovative software platform crafted for the purpose of compliance screening, allowing for effective management of evidence linked to sanctions, anti-money laundering (AML), politically exposed persons (PEP), and adverse media inquiries. This solution empowers users to perform screenings on both individuals and organizations, delve into investigations of potential matches, and generate comprehensive records ready for auditing purposes. The platform features an Evidence Hub that streamlines the collection of screening evidence from diverse sources while enabling organizations to continue utilizing their existing tools. Among its standout functionalities are fuzzy matching algorithms, evaluations for EU 50% ownership stakes, country-risk assessments, thorough case management capabilities, meticulous audit trails, well-organized evidence packs, and a variety of APIs and integration solutions. Tailored specifically for small to medium enterprises (SMEs), fintech organizations, payment processors, trade associations, and compliance teams, MatchAudit places the authority of final decisions firmly in the hands of the user, thereby empowering them to make well-informed decisions in their compliance strategies. Moreover, its intuitive interface enhances the overall experience for teams as they navigate the intricacies of complex regulatory environments, ensuring efficient compliance management. As a result, MatchAudit not only supports organizations but also fosters a culture of accountability and transparency in compliance efforts.

Media

Media

No images available

Integrations Supported

Oracle Cloud Infrastructure
SAP Cloud Platform
Salesforce
Thomson Reuters ONESOURCE

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

$199/month
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Thomson Reuters

Date Founded

2008

Company Location

Canada

Company Website

mena.thomsonreuters.com/en/products-services/global-trade-management/onesource-denied-party-screening.html

Company Facts

Organization Name

MatchAudit

Company Location

Germany

Company Website

matchaudit.io

Categories and Features

Categories and Features

Evidence Management

Not specified

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