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Liberia Business Community Urged to Adopt Sanctions Screening Software
Monrovia, Liberia - Taking Proactive Measures for Compliance
As the global economy continues to navigate the complexities of international sanctions and money laundering regulations, businesses in Liberia are being advised to take proactive measures to ensure compliance. Companies operating in the country are urged to adopt cutting-edge technology, such as Sanction Scanner’s sanctions screening software, to mitigate risks and avoid costly fines.
Reducing Risks with Sanction Scanner
According to Oğuzhan Akın, Money Remittance Sr. Director at United Payment, one of Liberia’s largest money transfer operators:
“With Sanction Scanner, we reduce the risks of money laundering and terrorist financing by controlling on local and international lists also to avoid risks during our onboarding process.”
Features and Benefits of Sanction Scanner
The Sanction Scanner software provides a user-friendly platform for businesses to screen their customers and transactions against global sanctions lists, including those maintained by the Office of Foreign Assets Control (OFAC) in the United States. The system allows companies to:
- Identify potential high-risk clients and transactions
- Make informed decisions and avoid non-compliance
Getting Started with Sanction Scanner
To get started with Sanction Scanner, Liberian businesses can fill out a simple form detailing their company’s requirements and schedule a meeting with a Masterful Risk Guardian for a guided tour of the software. This includes:
- A live product demonstration to ensure that companies understand how to effectively utilize the technology
Benefits of Adopting Sanction Scanner
By adopting Sanction Scanner, businesses in Liberia can enhance their reputation, protect their customers’ data, and maintain a strong commitment to compliance. With its user-friendly interface and advanced features, Sanction Scanner is an essential tool for any company looking to mitigate sanctions risks and avoid costly fines.
As Akın notes:
“Sanction Scanner has been a game-changer for our business. We’re now better equipped to manage risk and ensure that we’re in line with international regulations.”