Izengard Embargoes - Sanctions, Name Screening and Adverse Media
Sanctions
Izengard uses it’s world class multi-lingual oriented Mind Map module to help standardize names, products, chemical compounds and other items, ready for advanced NLP based Sanctions matching. Izengard handles all 3 types of sanctions:
Named Entity Based – Individual or Companies (any language, any location)
Goods – Dual use goods and banned goods
Shipping Route / Trade (Customs) – Shipping routes through sanction countries or meeting sanction vessels in international seas. Customs related alerts on containers of goods.
Payments – Transfers of value to countries or entities that are on sanctions lists.
Izengard has relationships with several data providers on sanctions lists and can process high volume screening against these lists because of the unique manner in which the Izengard Mind Map, profiler and our REST API based call services to confirm matching. Also due to the Robotic Process Automation we try and eliminate as much of level 1 alerts on sanctions as possible, by a combination of rules, processes, risk assessments and machine learning.
Izengard employs a leading OFAC, UN and international sanctions expert team to review and constantly help us update our algorithms and respond to the changing sanctions scenarios imposed on the world due to trade and geo-political tensions. The sanctions filters in addition have the capability to go through stringent model validation checks and a model validation approach and training is provided in a Line 3 solution packaged with the Izengard product.
Name Screening
Izengard handles customer names and corporate entity names in multiple languages supporting both left to right and right to left notation. Transliteration, disambiguation and all of those other capabilities including the use of alias’ or nicknames are deal with by the Izengard Mind Map module. As many relevant hits from the number of watchlists that have been subscribed to are then analyzed by our Robotic Process Automation automated workers to do further “human in the loop” style processing. Izengard can also handle countries where there is only a first name and no last name, as well as those that don’t have a govt ID but are able to provide a biometric indicator.
One of the other advantages of Izengard as a joined up solution has is that the Name Screening, Sanctions working with our Izengard Mind Map communicates and integrates well with our Izengard Threat Intelligence module. Therefore, if they are a known criminal even from the cyber-security domain, this will give further clues as to whether they are likely to be a good customer or should be flagged and reported to regulators or law enforcement.
Izengard employs a name screening team to review and constantly help us update our algorithms. The name screening filters in addition have the capability to go through stringent model validation checks and a model validation approach and training is provided in a Line 3 solution packaged with the Izengard product.
Adverse Media
Izengard does come with the services of data providers who not only provide sanctions list but can also provide a historical adverse media hit on an entity. In addition, under customization, Izengard allows clients to integrate searches via local or other sources of data that they have in order to localize the adverse media search. Izengard uses fast search indexing and NLP extensively in this area and has a rating system for the severity of the adverse media type of information detected.
Entity Resolution - Fight against Anti Money Laundering and Terrorist Finance with KYC, Sanctions, Name Screening and Adverse Media linked via powerful Entity Resolution techniques in Izengard Mind Map
Unified Entity Resolution
Izengard’s Mind Map utilizes entity resolution and profiling as well as ingests data from sanctions sources, watchlists for name screening and adverse media. Using this rich content, Izengard provides for a very strong contextually rich approach to resolving entities and uncovering their true identity and any hidden motives (if any)