Louisville, KY- (08/27/2014) Electronic
Verification Systems (EVS) has been busy announcing many additions to their
Watch List screening services. With additions like the European Union Consolidated
Watch List and PEP List screening, businesses can better
meet Know Your Customer (KYC) and Anti-Money laundering regulations. Now, the
UK Sanctions Watch List has been added to their solution. These new offerings give
clients the ability to perform each screening through
their Web Service API or using a secure browser-based interface.
Electronic Verification Systems has released this offering because
International sanctions programs can take different forms, some of which
prohibit certain kinds of transactions with designated states. Effective
screening against such lists can help prevent an organization from doing
business with parties that have been accused of criminal offenses and ultimately,
from becoming involved in on-going scams. Giving companies the ability to perform
Watch List Screening along with Identity Verification and Dynamic KBA, makes it easier for them
to meet compliance requirements all in one step.
According to EVS EVP, Client Development, Eric Knapp, We received positive feedback from clients regarding
our Watch List Solution and have had the ability to keep expanding for maximum
benefit. Knapp states that, Enhancing our Watch List screening solution
allows us to provide clients with tools to meet KYC/AML compliance requirements
while staying confident their customers are who they claim to be.
EVS introduced this new offering in August 2014 because there are many industries
that can benefit from UK Sanctions Watch List screening. Watch List Screening
can be performed as separate transactions, or consolidated with IdentiFraud
Consumer, IdentiFraud DL, or IdentiFraud SSN transactions. Our
clients requested more Watch List Screening solutions and weve delivered. says Knapp.
For more information on EVSs fraud prevention solutions or partnerships,
please contact Eric Knapp, EVS Vice President of Client Services, at
About Electronic Verification Systems
Electronic Verification Systems is a leading provider of fraud
prevention solutions designed to help businesses combat identity theft, control
costs, satisfy governmental regulation, and support audit and control
requirements. With major clients in the financial services, retail product,
brokerage, education, insurance, and corporate security industries, Electronic
Verification Systems provides powerful and innovative solutions to businesses
and organizations across the world.