SGR recognized as Category Leader.

SGR – Screen Global Risk

A dual Category Leader for Adverse Media & Watchlists Screening

 

SGR has been recognized by Chartis Research as Category Leader both for «Adverse Media Monitoring Solutions” and “Name and Transaction Screening Solutions”.

Daily Control™ is a comprehensive solution designed specifically for Anti-Money Laundering (AML) screenings. It offers multi-access and multi-module capabilities, allowing organizations to efficiently monitor and detect suspicious activities in their daily financial transactions, client onboardings, and ongoing KYC processes.

As regulatory scrutiny intensifies and financial crime threats continue to evolve, organizations must rely heavily on robust monitoring solutions to mitigate risk, ensure compliance, and safeguard their reputations. Our 18 years of experience creating and updating databases containing Adverse Media, Politically Exposed Persons (PEPs), Sanctions, and Watchlists sets us apart in the industry. Integrating seamlessly into existing workflows, Daily Control™ enhances compliance efforts and strengthens risk mitigation strategies.

 

                           

SGR Compliance’s robust approach to screening and media monitoring is reflected in its category leader placement in Chartis’ 2024 watchlist and adverse media monitoring report,’ said Nick Vitchev, Research Director at Chartis. ‘Its careful sourcing, narrating and managing of data, coupled with a push for efficient and effective monitoring, and built on the back of strong domain and regional knowledge, makes for a compelling combination – whether for managing adverse media monitoring or sanctions, PEP or related screening.

Nick Vitchev, Research Director at Chartis

We are honored to be recognized as Category Leader in the «Watchlist and Adverse Media Monitoring Solutions, 2024: Market Update and Vendor Landscape.» To achieve this prestigious distinction, we had to excel in several key parameters:

Data Methodology
SGR adopts a rigorous data collection and management approach, ensuring the highest accuracy and relevance levels. Our data methodology involves comprehensive sourcing, thorough vetting, and continuous updates to maintain current and reliable information.

Localization in fighting financial crime
SGR combines international coverage with a highly localized focus, adopting collection policies in line with national regulations. It consults sources at the national, regional, and municipal levels to comprehensively capture news on judicial proceedings related to money laundering crimes and to identify politically exposed persons even within local administrations.

Speed and Real-Time Capabilities
SGR stands out by providing lightning-fast processing capabilities that meet the demands of real-time compliance and monitoring. Our systems are fully scalable and can satisfy virtually every demand.

Flexible and tailor-made solutions
Understanding that each organization has unique needs, SGR offers user-friendly solutions that seamlessly integrate into existing systems. We offer all types of access methods and are experienced in developing customized workflows for API, Data-on-premise, or web access. This ensures smooth incorporation into daily operations.

Workflow and Analytics
SGR enhances operational efficiency by providing reporting features and seamless workflow integration. Our highly structured datasets empower clients to gain deep insights, identify patterns, and make informed decisions.

Reporting and Audit Trail
SGR delivers advanced reporting functionalities for audit trails to support compliance and regulatory requirements. Our tools provide clear insights into monitoring activities and ensure transparency and accountability.

Being a Category Leader underscores and reaffirms our dedication to maintaining vigilance, agility, and strong customer focus in the future.  By staying ahead of technological advancements, we continuously innovate and enhance our offerings.

Who is Chartis Research?

Chartis Research’s analysis provide an in-depth look at technology solutions geared toward managing the multiple risks faced by companies, from credit risk to operational risk, from market risk to reputational risk. In particular, great attention is paid to technology applied to financial crime prevention and cyber risk management.

The reports and diagrams prepared by Chartis Research are the result of a professional and independent study of regulatory trends, market dynamics and the global player landscape. The research follows a rigorous process that includes detailed analysis of the players and proposed solutions with special interviews targeting both the company and the service users, finally arriving at an objective assessment based on specific and determined criteria.

What is Adverse Media and Watchlist Monitoring?

Adverse Media and Watchlist Monitoring systematically track various public and authoritative sources to identify relevant information for due diligence procedures about individuals or entities. This information may include details related to criminal activities, regulatory violations, political exposure, and measures adopted by governments and regulatory bodies.

On one hand, organizations use these monitoring practices to mitigate reputational and financial risks. By staying informed about potential threats, they can align their actions with their internal risk appetite. On the other hand, this vigilance ensures compliance with legal requirements and prevents engagement with high-risk individuals or entities involved in money-laundering or terrorism financing.

What is Name and Transaction Screening?

Name Screening is critical to Know Your Customer (KYC) checks during client onboarding and ongoing monitoring. The primary goal is to identify potential risks related to money laundering and terrorist financing, ensuring compliance with AML and Counter-Terrorist Financing (CTF) regulations.

Transaction Screening analyzes financial transactions to detect suspicious or illicit activities involving multiple entities. It involves monitoring transactions against predefined criteria such as sanctions lists, watchlists, or risk profiles. Daily Control™ allows further investigation to prevent financial crimes if a transaction matches any red flags.

 

Read the comprehensive analysis: Chartis Research: The Value of Localization in Fighting Financial Crime.”

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