Meet Evelyn, Your AI Agent for Name Sanctions and PEP Screening Alert Review

Evelyn is AI automation software for completing L1/L2 adjudication of name sanctions and PEP watchlist alerts. She works tirelessly to support your AML and compliance efforts while protecting your organization’s reputation. With Evelyn, you can manage capacity and handle alert spikes without adding traditional headcount or outsourcing.

Keeping up with sanctions and politically exposed persons (PEP) lists is challenging. L1 sanctions alert review teams are under a lot of stress in today’s compliance operations environment as they struggle to mitigate the risk of missing something that really should be escalated. Being able to scale your operations quickly is critical to an effective and efficient sanctions program.

As an AI Agent, Evelyn delivers an immediate and tangible impact by automating many of the time-consuming, error-prone tasks related to sanctions screening alert review. Evelyn is not a sanctions screening tool. Rather, the AI agent integrates with your sanctions screening tool to accurately review and disposition false positive alerts at superhuman speed, allowing compliance teams to identify potential risk faster and with greater accuracy. Evelyn gets to work immediately as alerts are generated, with full auditability into each action she performs. Each decision is supported with additional information and justification to enhance reliability.

Team up with Evelyn to achieve extraordinary results

60–70%+

reduction in manual effort (Ensemble ML version)

5–7x

faster processing

Evelyn’s Responsibilities as a Name Sanctions and PEP Screening Alert Review Analyst

Evelyn’s primary mission as a name sanctions and PEP screening alert review analyst is to protect your organization from sanctioned or risky client relationships by reviewing alerts for screened organizations and associated individuals. Her responsibilities include:

Review and disposition sanctions and PEP alerts.
Make decisions about the escalation or closure of cases.
Conduct searches, gather data and record evidence from internal systems, the internet and commercial databases. When necessary, make inquiries with business or compliance contacts within the organization.
Enforce internal strategies, policies, procedures and processes related to monitoring and escalating sanctions alerts and regulatory requirements.
Capture and summarize alerts analysis with supporting documentation.
Ensure all alerts analysis and investigations are performed within the timeframe provided in policy and stipulated in SLAs; maintain thorough audit trails.

Evelyn’s Capabilities as an AI Agent for Sanctions Screening Alert Review

Evelyn is much more than sanctions screening alert review software. As an AI Agent, she can scale to any volume and continuously learns and adapts to changing sanctions environments. This learning process means that Evelyn can resolve more than 80% of false positives and clear millions of alerts each year.

Unlike humans, with Evelyn you get the same quality and consistency time after time in the adjudication process within the timeframe provided and stipulated in SLAs. Because she is pre-built, she can contribute value quickly – within weeks.

Sanctions Screening

Sanctions and PEP screening alert review is laborious and error-prone for humans. Evelyn’s automated tools and machine-learning capabilities work around the clock to protect your organization from bad actors while relieving pressure on your compliance team.

Evelyn is an expert in PEP and sanctions screening and has superhuman capabilities for quickly gathering high-quality data, conducting searches, navigating your internal systems, and utilizing commercial systems. She constantly learns from the WorkFusion Network and collaborates with your employees to dial in her confidence threshold while providing detailed reports and audit trails. Ultimately, these efficiencies can save thousands of hours and millions of dollars.

Evelyn’s Other Aptitudes

Bank Secrecy Act
OFAC
CAMS
AML
English and Spanish language support

Integrations

Who Evelyn Helps

Evelyn primarily supports financial institutions in their compliance and AML efforts. Due to her scalable elasticity and affordability when compared to a traditional AML employee, she fits in great at the world’s largest banks as well as smaller regional banks. We firmly believe that the size of your institution should not dictate its ability to provide high-quality screening processes and outcomes.

Better together: Evelyn & Tara

Evelyn is not the only WorkFusion AI Agent who can bolster your compliance and AML efforts. When paired with Tara, our AI Agent for transaction screening alert review, this dynamic duo can attack the same problem from different angles.

While both AI Agents can operate within personal or commercial banking, Evelyn focuses on reviewing alerts for entities or people, while Tara reviews alerts related to payments or transactions. Stated differently: Evelyn helps to validate that a person or entity is not under sanctions when an account is opened or being refreshed, and Tara makes sure that a suspicious person is not able to make a transaction. If either AI Agent detects a suspicious instance in their respective channels, they will forward that case to your analysts for final review.

Frequently Asked Questions

What does Evelyn do?

Evelyn is an AI Agent that automates sanctions/PEP name screening alert review efforts. These functions help financial institutions identify and avoid risky individuals or entities during onboarding and throughout the lifecycle of the customer relationship.

What advantage does Evelyn provide over companies’ existing screening systems

Most screening systems rely on filtering, which involves large lists of rules that are difficult to maintain. As an AI Agent, Evelyn uses machine learning to expand her understanding and capabilities. The more she knows, the more she minimizes sanction breaches and reputational risk.

What systems does Evelyn integrate with?

Evelyn features out-of-the-box integrations for LexisNexis and LSEG. However, she can be integrated with any system on an ad-hoc basis.

What are some of the watchlists that Evelyn helps screen against?

Evelyn can work with watchlists provided by the following organizations and government agencies: OFAC, UN Security Council, OCC, HM Treasury, FBI, EU, Department of State, and others.

What types of entities and/or actions does Evelyn screen for?

Evelyn screens for countries, people, organizations, and other entities that may be involved in terrorism, human rights abuses, cybercrimes, drug trafficking, proliferation of WMDs, or other sanctionable activities.

Is Evelyn meant to replace L1 analysts?

Working together, Evelyn and Tara automate the majority of the work performed by L1 analysts. Typically, the goal is not to replace people but to increase the overall capacity and productivity of your team.

Is Evelyn really just a screening Tool?

No. Our AI Agent focuses on sanctions screening alert reviews, which generally requires a lot of manual labor to filter out false positives.

Hire Evelyn Today

You can build software. You can buy software. Or you can hire an AI Agent. Evelyn is ready to get started immediately, and we think you’ll like her work ethic. She is not tied to any location, doesn’t take sick days or holidays, and works 24/7 to relieve your compliance team and protect your reputation. Request a demo today to get started!

Hire Evelyn to Automate Sanctions and PEP Alert Review

Recognized with the 2024 Impact Award for Best KYC/KYB Innovation in Fraud & AML by Datos Insights. WorkFusion is named among the prestigious RegTech 100 companies and is SOC 2 Type II certified.