Don't let geopolitical uncertainties affect you any longer. With NEOFI , you can be sure that your third-party repository, as well as that of each of your subsidiaries, complies with regulatory obligations, regardless of the country in which they apply.
Contact an expert
%20(croix%20vertes).svg)
To combat illegal activities and punish violations of international law, certain countries or the international community as a whole may adopt restrictive financial or commercial measures against individuals or legal entities.
These sanctions lists are updated very regularly, and this frequent change poses a risk to businesses, as non-compliance exposes them to fines.
It is therefore the responsibility of finance departments to implement compliance controls on payment recipients.
To learn more about how to address unforeseen geopolitical events with NEOFI Compliance, see our article !
NEOFI Compliance collects lists from the UN Security Council, OFAC, the EU, HMT, and the national asset freeze register.
NEOFI Compliance extracts beneficiary information from your payment campaigns and compares it to these lists. In the event of a positive check, NEOFI Compliance notifies the individuals concerned, splits the remittance, deletes the positive transaction(s), and re-bundles the remittance with the remaining payments so they can proceed with their normal validation/signature process.
.svg)
In addition to international sanctions lists, each client can add their own internal lists (blacklists, greylists) and the rules for invoking them temporarily or permanently.
NEOFI Compliance integrates seamlessly with NEOFI Anti-Fraud to connect to private control repositories: SEPAmail Diamond, Sis ID, and Trustpair.
Real-time tracking
Real-time tracking
With the option of sending via secure protocols, NEOFI eliminates the insecurity associated with paper mail transmitted through unsecured channels. Furthermore, the digitization of bank authorization management improves audit trails through the complete archiving of actions performed (versioning, user information, access rights management), thereby preventing fraud.
Real-time tracking
Improve payment data management and get the information needed to help your organization manage cash flow and liquidity more effectively.
