#QuickBiteCompliance Day 19
Today, let’s we delve into the world of Automated Screening Tools (ASTs)! These software systems are essential for large financial institutions, streamlining the screening process by automating tasks that were previously done manually. ASTs primarily focus on screening against sanctions lists, generating hits that are consolidated into alerts based on customer records. This means that multiple hits against sanctions lists for a single customer record can be managed under one alert.
#InclusiveRegtech #AutomatedScreeningTool #AST
Source: https://www.acams.org/en/resources/aml-glossary-of-terms
