Transaction Screening - cleversoft

Transaction Screening Made Smarter

Ensure every transaction is safe, compliant, and free from risk with cleversoft’s Financial Crime Prevention Suite.

Get started with Transaction Screening today

We are here to advise you on the details.

Lisa van Bussel, Managing Director, cleversoft Forensics

Why Transaction Screening Matters

Financial institutions are obliged to screen every transaction against (PEP and) Sanctions lists. This ensures that no transaction is processed to or from a sanctioned individual, bank, or organization.

Key transaction details, such as names, originating banks, and other identifiers, are automatically extracted and screened. If a potential match is found, the transaction is blocked until validated.

Real-Time Screening: Integrated into payment messaging; transactions are paused until cleared.
Near Real-Time Screening: Batch files are screened before entering the payment system; suspicious transactions are filtered out.
cleversoft supports both approaches, ensuring full AMLD compliance and operational flexibility.

In addition to PEP and sanctions screening, you can implement custom rules to flag:

Transactions above a defined threshold
Payments to or from high-risk countries
Transactions requiring manual validation by compliance or business teams

This ensures high-risk transactions are identified and reviewed before processing.

Full End-User Control Over Rule Configuration: You’re in control, no vendor dependency.
Monitoring for Incoming and Outgoing Transactions for PEP and Sanction Lists
Keyword Monitoring
Real Time or Near Real Time Monitoring
Reduced false positives: Thanks to holistic customer profiling
Quick and Easy Alert Handling: Enhanced workflow capabilities (e.g.4-eye checks, escalations to compliance)
Direct Customer Insight: Immediate access to client details
Easy API Integration: Seamless connectivity
FIU Reporting: Built-in support for regulatory reporting

Transaction screening process new