The practical challenges of sanctions and KYC screening in the insurance sector: how to set up an effective and efficient solution

To meet regulatory expectations and manage business risk most insurance firms will consider using a sanctions and KYC screening solution. Against a backdrop of escalating consequences of non-compliance, a continuing drive for cost-efficiency, and a desire to avoid disrupting the business process, how do you integrate an effective screening solution that delivers what is required?

Jason Jones (Director at Implement Compliance Solutions & Resources) and Tom Devlin (Senior Regulatory Adviser at RiskScreen) will look at the evolving screening challenges insurance firms are facing and explore some of the options available to address them. They will offer attendees insights into minimising the impact on business processes, reducing risk and optimising efficiency through improved matching and mechanisms for reducing ‘false positives’, as well as maintaining a thorough audit trail and ease of reporting.

Date: 22nd November 2019
Time: 12:40pm – 2pm
Venue: The Old Library, Lloyd’s of London, One Lime Street, London, EC3M 7HA

This event has now taken place. A copy of the slides is available by clicking on the image below. Please contact us if you would like to discuss any of the issues raised in the briefing.