Socure unveils new global watchlist screening and monitoring tool

AI-based biometrics and identity verification firm Socure has launched a new automated global watchlist screening and monitoring tool to help businesses verify that customers are not included on any sanctions enforcement lists, and ensure regulatory compliance in the process. A press release says the product uses AI and machine learning to enable financial institutions to screen, monitor and assess new and existing customers against the Office of Foreign Assets Control (OFAC) sanction lists and politically exposed persons (PEP) databases, as …

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