Our organization uses the Pascal screening tool as part of its onboarding platform. The tool supports the systematic KYC screening of all prospects and their related parties, including UBOs, directors, shareholders, and other stakeholders, against relevant international and national sanctions lists.

Effectiveness and Efficiency

The Pascal tool provides a structured and traceable approach to sanctions screening, enabling:

Comprehensive and ongoing coverage of applicable sanctions lists.

Documentation of all potential matches, including their assessment, outcome, and rationale for any decisions taken.

Maintenance of a clear audit trail, supporting both internal oversight and external review.

The tool is also designed to operate efficiently in a high-volume environment. Its use of calibrated matching logic helps reduce the number of false positives, allowing compliance teams to focus on alerts that are more likely to be relevant. This contributes to a more targeted, risk-based handling of screening results.

Embedding in Compliance Practice

The tool is integrated into our know your client, client due diligence screening and monitoring processes and is aligned with recognized good practices for sanctions and KYC /CDD compliance. It supports consistent decision-making and ensures that screening results can be reviewed, escalated, and, if necessary, reported in a timely and controlled manner.

Overall, the Pascal screening tool strengthens our ability to uphold the integrity during our onboarding process and meet the compliance expectations associated with (sanctions) legislation and good industry practice. Review collected by and hosted on G2.com.