NameScan

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NameScan
IndustryIT Services and IT Consulting
Founded2016; 6 years ago (2016)
HeadquartersSydney, Australia
Websitenamescan.io

NameScan is a risk management solution provider headquartered in Sydney, Australia. The company is best known for its Know your Customer (KYC) and Anti Money Laundering (AML)[1] and Counter Terrorism Financing (CTF) compliance platform, which its clients use to comply with AML regulatory obligations and manage their reputational risk by screening their customers. Know Your Business (KYB) screening options to identify ultimate beneficial owners of companies are also available.[2]

History

NameScan was founded in 2016 as a member of the Neurocom Group, which also includes Member Check, GPayments and Creative Digital Technology.[3]

NameScan was developed in recognition of the ever-increasing significance of KYC/KYB processes to all sizes of businesses across a wide range of industries. NameScan ensures that businesses are able to comply with AML/CTF regulations and have the proper procedures in place to reduce the risk of being connected to money laundering and terrorism financing activities.[4]

Platform

NameScan’s AML/CTF compliance platform is a publicly accessible, online service which offers a variety of watchlists of Politically Exposed Persons (PEP), officially sanctioned individuals, persons of Special Interest and Adverse Media for screening individuals and entities, including its own proprietary datasets (Emerald Data), third party datasets (Sapphire Data), and Global Watchlists.[5][6]

Services

NameScan’s services are used globally by many industries, including financial services, insurance, legal services, precious metal and fine art dealers, real estate, accounting, cryptocurrency exchanges, gaming, gambling and emerging markets.[7]

The Emerald Data includes extensive, global coverage of the most popular Sanction lists such as OFAC, United Nations Sanctions, Australian Sanctions, US Consolidated Sanctions and a consolidated global PEP list.[8]

The Sapphire Data utilises multiple third-party datasets which provide a comprehensive coverage of PEP/RCA/SIP worldwide, with 1.4 Million PEP profiles, 1.2 Million Sanction profiles and 400,000 adverse media links. Both data sets are updated daily to ensure that clients always screen against the latest and most accurate information possible.

NameScan’s KYB service allows clients to access company records for over 170+ million legal entities across 120 countries and use the information returned to identify the ultimate beneficial owners.

NameScan’s Pay-As-You-Go business model is particularly applicable for organisations with different risk appetites and lower screening volumes because it allows clients to purchase credit packs for different datasets and sizes, which meet their screening requirements. Single scan and bulk credit packages are available for users to purchase online at https://namescan.io/pricing.

A free trial of the NameScan service is offered, which is accessible by registering for a free account at: https://namescan.io/Register.aspx. Once you have created an account your dashboard will be immediately credited with free credits which can be used on the Single, Batch or API scan features. Free trial credits are available for use for a period of 1 month from registration.

NameScan also offers an AML consulting service through its team of global consultants who are able to provide recommendations to companies on minimising their ML/TF risk. NameScan’s consultants can also help organisations create their AML Programs or perform Risk Assessments for businesses to identify inherent risk and suggest ways to mitigate this risk.

In the media

References

  1. "namescan-anti-money-laundering-solution". signalhire. Retrieved 26 September 2022.
  2. Ltd, Crozdesk. "NameScan | Software Reviews & Alternatives". crozdesk.com. Retrieved 26 September 2022.
  3. "Top 10 Name Scan Alternatives & Competitors". g2.com. Retrieved 26 September 2022.
  4. "NameScan". Acuris Risk Intelligence. 5 September 2019. Retrieved 26 September 2022.
  5. "namescan". craft.co. Retrieved 26 September 2022.
  6. "NameScan - Software Online Product: Subscription 200 EUR/month". Aciety. Retrieved 26 September 2022.
  7. "namescan". tracxn.com. Retrieved 26 September 2022.
  8. "Namescan". g-Log Consult. Retrieved 26 September 2022.

External links