Industry: Financial Services
Location:
Mauritius
Number of customers: 500
Partnered with NameScan since 2020
Aegis Reins is an independent reinsurance broker (a financial institution that assists insurance
companies), covering Africa, with strategic partners (reinsurers) in Africa, Middle East, Far East and
Europe.
Aegis Reins Mauritius office has been using NameScan's PEP, Sanctions and Adverse media screening
solutions since 2020. Our solutions allow them to ensure that they know who their customers are and
understand the potential money laundering and terrorism financing risk they pose to their business.
The Challenge
Mauritius has strict AML/CTF regulations and financial
services are
heavily
regulated by the Financial Intelligence
Unit. The regulatory body audits reporting entities to ensure that they have the correct processes in
place to prevent
them being used for money laundering and terrorism financing activities.
Reporting Entities need to ensure that they:
The Solution
Our frictionless onboarding process has allowed Aegis Reins to be setup with an account almost immediately. Once setup with an account, Aegis Reins was able to use their dashboard to process single and batch scans against global databases of PEP, Sanctions and Adverse Media. When an individual or entity is matched against our databases, Aegis Reins is able to perform due diligence by allocating a decision, risk and a comment to the corresponding profile. The due diligence is recorded as part of the profile and can be kept online for future reference in the scan history section or it can be downloaded as a PDF report.
Solutions we offer Aegis Reins: