dn:Director Sanctions and PEP Screening software for systematic client screening and comply with the UK and international know-your-customer regulations
Lincoln Financial Group has selected Datanomic’s dn:Director Sanctions and PEP Screening software for systematic client screening to mitigate risk, protect against money laundering, and comply with the UK and international know-your-customer regulations.
Datanomic said that the dn:Director Sanctions and PEP Screening platform will enable Lincoln Financial to improve its customer monitoring, particularly in terms of identifying which customers are Politically Exposed Persons (PEPs), and flagging any sanctioned individuals or other risk entities.
Datanomic also said that its dn:Director Sanctions and PEP Screening platform is currently being installed at the company’s offices near Gloucester. dn:Director is claimed to provide full functionality for compliance screening, including configurable workflow, detailed audit trail, user and systems administration and MI/management reporting.
Angela Dixon, money laundering reporting officer and compliance officer at Lincoln Financial Group, said: We conducted a thorough market evaluation and felt that Datanomic’s offering was the most appropriate for our requirements. An important feature of Datanomic is the fact that we are able to screen all of our data onsite and in-house, which is, in our opinion, far more secure than sending it off to a bureau service for checking, thus providing better protection of our customer data.