Managing large volumes of false-positives alerts is highly resource-intensive, and genuine matches involving sanctioned individuals or entities require thorough investigation supported by strong internal expertise.
“It is essential for institutions to maintain reliable, well-calibrated sanctions-screening systems that are continuously updated with changes to sanctions lists, and to perform ongoing screening of customers and transactions. Above all, prevision in internal routines and workflows is critical to ensuring robust investigation and sound decision-making. Standardized processes that fail to properly capture and assess alerts create a heightened risk of sanctions breaches,” says Ellen Marie Strømnes
With more than 30 years of experience in the banking sector, Ellen Marie has worked extensively with sanctions regulations. Her operational expertise and deep understanding of the regulatory framework have helped multiple organizations improve both efficiency and accuracy in their sanctions processes.
Contact us to discuss how you can strengthen and streamline your sanctions operations and ensure robust regulatory compliance.
Ellen Marie Holst Strømnes
E-mail: ellen.stromnes@nfrgroup.no