ACE Software Solutions has developed a solution for corporates to help manage sanctions risk.
The new solution, Pelican Sanctions, is being unveiled at Eurofinance between 23 and 25 September, in Copenhagen, Denmark.
Banks are currently putting pressure on corporates to share the responsibilities for regulatory and sanction requirements.
Breaching sanctions can affect not only the reputation, but also the financial investment risk for any corporate organisation.
Pelican Sanctions provides a full analysis for all decisions taken by corporates to support audit and regulatory requirements.
The solution can accurately screen transactions against any sanctions list, while providing explanations for all positive and negative decision making.
Parth Desai, CEO of ACE Software, commented: “The focus on sanctions risk is likely to increase as regulatory and reputational risk are on the rise, which has led to corporates taking a more proactive approach in this area.”
“Every corporate should have a responsibility and understanding of the sanctions risks involved and be actively committed to implementing solutions to provide efficiencies and to better manage their business.”
“Our solution has intelligence sanctions filtering which provides peace of mind for any global multinational corporation to manage risk and reputation.”
