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Transaction Screening
Transaction screening detects potential suspicious activity in real-time by screening sender and recipient information against global watchlists.
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Precision in Protection
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and RCA Watchlists
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Enhanced Screening Features
Global Watchlists Screening
Customer-Owned List
Transactions Keyword Detection
Monitoring Products
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Advance Your Transaction Security Suite
Prevent terrorist financing
Transaction screening helps prevent terrorist financing by identifying transactions that may be used to fund terrorist activities
Custom Watchlist Implementation
Secure your business by screening against customized internal watchlists, using customer-owned lists.
Real-Time Sanction Screening
Screen transactions in real-time to block any involving sanctioned or high-risk entities, avoiding legal and financial issues.
Keyword-Based Detection
Use specific keywords or phrases in transaction descriptions to detect suspicious activities and prevent fraud.
Frequently asked questions
What is Transaction Screening, and how does it work?
Transaction Screening is a FOCAL’s product that helps financial institutions screen transactions in real-time against global watchlists, including international sanctions, and high-risk entity lists. It helps identify and flag potentially suspicious transactions, ensuring compliance and reducing risks.
How can Transaction Screening benefit my institution?
Transaction Screening enhances financial security and regulatory compliance. By detecting potential threats and ensuring that transactions comply with international standards, it safeguards your institution from financial crime and legal repercussions.
How does Transaction Screening handle false positives?
We employ sophisticated algorithms and keyword detection to minimize false positives. By fine-tuning the system to your organization's needs, Transaction Screening reduces the time and effort spent on investigating non-suspicious transactions.
Is Transaction Screening customizable to meet my needs?
Yes, our Transaction Screening can be tailored to your organization's specific risk profile and criteria. You can also add your internal watchlists, creating a customizable solution that fits your requirements.
Elevate your compliance with Transaction Screening
Our Transaction Screening detects potential risks and safeguards your institution.
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