Effective Sanctions Compliance with Ontotext

Implementing successful sanctions screening policy for regulatory compliance risk mitigation

The recording of this webinar is available on YouTube.

The war in Ukraine highlighted the role of sanctions as a central tool of governments’ foreign policy. The sheer volume and complexity of the measures introduced new challenges to regulatory compliance. With the increased regulatory scrutiny to enforce sanctions and the associated willingness to impose penalties, noncompliance can cost companies millions of dollars. 

Nowadays having an effective sanctions compliance program is not simply a diligent practice. It is becoming a mandatory part of any sane compliance and risk management activities. 

In this webinar, we will demonstrate several key capabilities, required to successfully implement a sanctions screening policy for regulatory compliance risk mitigation:

  • Unambiguously identifying the counter-party in a variety of sources;
  • Building a graph of the related and associated entities and assets;
  • Enabling easy consumption and integration of the information;
  • Demonstrating ongoing compliance by ensuring high data quality operational resiliency.

The demonstration will showcase how to use Ontotext’s software and the OpenSanctions collection of sanction data to:

  • Prove ongoing compliance by detecting sanctioned entities amongst your counter-parties;
  • Find associated people, organizations, assets and affected financial instruments;
  • Provide search interfaces and programmatic APIs;
  • Ensure operational resiliency by automating the data updates and clustered deployment.

Who is this webinar for:

  • Enterprise information management professionals;
  • Alliance managers of technology providers and consultants;
  • Enterprise software sales people;
  • Business people who need to understand why we offer solutions and what problems they address.

Expected duration:

  • 45 minutes presentation
  • 15 minutes Q&A session

About The Speaker

Peio Popov

Sales Director Financial Service

Peio Popov joined Ontotext after years of successful work at IBM and SEP Bulgaria. He is a legal counsel with strong IT background, specializing in business development, intellectual property, and technology-related contract negotiations. Plus, he is one of the most influential people on Bulgarian social media, so mind your language on Twitter. Soon after coming on board as a Contracts and Negotiations Manager advising on commercial, technology and IP contracts, Peio took over the role of Director Financial Services. Combining his outstanding organizational skills with his acute business flair, he seamlessly finds the best solutions for our customers.