Blue Arrow has developed a one-of-a-kind screening software solution that sets our services apart from others in the market. Our software solution ensures that a large part of the required screening is automated while conforming to the rules set by regulatory bodies. You do not have to resort to an expensive, manual and inefficient software solution to screen your clients anymore.
Powered by an efficient and effective API, connecting us across borders to regulatory data from more than 200 countries, we take pride in ensuring that our clients conduct business in a safe and effective manner.
In addition to the screening solutions described above, we also incorporate adverse media screening in our services. This refers to scoping local and global news sources and digital platforms in various languages to look for any important facts about someone that are not captured in official documents. Adverse media screening also helps in highlighting red flags that are a false positive.
Our screening framework keeps your business profile and transaction records clean through:
- Extensive screening lists
- Evaluating your existing screening framework (centralized vs. decentralized)
- Evaluating transaction types (do they need to be screened in real-time?)
- Filtering solutions (takes into account incomplete information, your risk appetite, alert systems)
- Performing model validation (a rigorous technical process to verify the accuracy and performance of the model)
- Maintaining a regular list management protocol to ensure all screening lists are up-to-date
- Performing ongoing internal reviews
Owing to enhanced scrutiny at a local and global level, businesses operating in the UAE now have a more stringent set of AML regulations to conform to. While many UAE businesses with old-school practices and legacy systems struggle to synchronize their operations with these new requirements, outsourcing these abstruse compliance tasks can lift a burden off your shoulders and help you maintain a squeaky clean business profile.