Global Sanctions & Compliance Screening
Effectively Manage Global Payments Compliance & Sanctions Screening
TIS’ sanction screening solution serves as a digital safety net to keep enterprises compliant with all relevant mandates. We provide a flexible yet centralized platform for managing global payment screening and compliance case management, with real-time updates and adherence to all relevant watch lists (e.g. OFAC, UN, EU) as well as customizable safelists and blocklists. This is in addition to customizable screening workflows to reduce false positives.
As TIS manages payment compliance and security on behalf of our clients, we provide an automated, real-time workflow for personnel to review alerts, address issue resolutions, and systematically monitor all user activity within the platform. Our workflow compliance capabilities also help clients track critical information related to whether there are any outstanding compliance or security issues tied to specific accounts or beneficiaries within their global vendor, partner, and entity networks.
OFAC, EU, & UN Sanctions Adherence
TIS maintains 24/7 adherence to OFAC, EU, and UN sanctions lists for all clients that leverage the solution on all applicable payments that pass through TIS for transmission to banks.
Covers Payments Generated in Other Platforms
Any payment that passes through TIS, including those generated through an ERP, TMS, or other back-office system, can be screened before transmission to the bank.
Customizable Safelists & Blocklists
TIS clients have the opportunity to create their own custom lists of beneficiaries to automatically block or automatically accept, based on the structure of their payments and compliance protocols.
24/7 Automated Monitoring
TIS provides 24/7, real-time monitoring of payments against all relevant sanctions lists, including OFAC / EU / UN lists as well as customizable lists, with alerts sent to designated parties to address any issues.
Simplified Resolution Management
Any alerts generated by TIS for potentially non-compliant payments are immediately delivered to designated organizational users for fast and effective issue resolution.
Global Payments Coverage & Scope
The compliance and sanctions screening solutions by TIS are global in scope and scan all client outbound payments before instructions are delivered to the bank for execution.
The Imperial Logistics Project
With its new payments platform, Imperial Logistics can monitor all firm-wide signatory rights and payments, stopping fraud and compliance risks before they occur.
The Swissgrid Project
Swissgrid chooses TIS as a future-proof payment solution with the highest standards in security and compliance.
The NTT Security Project
Eliminating manual payments means increased productivity at NTT Security. Its new scalable payments platform supports the company’s growth strategy best.
In the past, the diverse manual steps presented a potential source of risk and error. Since we introduced TIS, all our payment runs are fully automated, standardized, and compliant, which makes our work much easier and increases efficiency. Given that Swissgrid is a system-relevant company in Switzerland, for us the security aspects of an Electronic Banking solution are highly relevant. TIS completely fulfils these requirements.”Andreas Lützelschwab, Head of Corporate Finance & Treasury at Swissgrid
As a payment provider, TIS covers our global presence and, thanks to its scalable solution and community mentality, it provides the ideal support for further company growth and the implementation of digital transformation.”Joanna Grönling, VP of Group Treasury, NTT Security
“TIS offers a ‘one stop’ solution for bank connectivity, which enables us to centralize and automate our payments. In the final project stage, we achieved complete transparency over bank account authorizations. Through global visibility over all account movements, we can better control corporate liquidity. With TIS, we have achieved a whole new level regarding control and compliance.”Katja Zimmermann, Head of Corporate Treasury at Heidelberger Druckmaschinen
Frequently asked questions (FAQs) about our compliance and sanctions screening solutions.
The TIS team regularly fields questions from CFOs, treasury, and finance practitioners regarding the use of our compliance and sanctions screening solutions. More information about components related to hosting, configuration, setup, reporting, integrations, and more are covered in the FAQs below. We encourage you to contact our team with any additional questions to ensure you understand exactly how our solution can be applied in your unique environment.