Powerful Assessment Tool  Sandbox is a fully automated web-based solution from AML Analytics which enables AML compliance professionals to create their own sanction screening tests to suit their specific requirements and corporate risk appetite.

It is a powerful self-assessment tool designed to test both the effectiveness and the efficiency of a screening system using Control records and Manipulated records so that a financial institution can meet specific regulatory requirements and minimise exposure to risk. (See below for an explanation of the terms Control and Manipulated.)

The Sandbox tool will allow customers to understand a system’s configuration whilst determining its weaknesses within defined detection parameters. Sandbox testing will facilitate performance improvement and enhancement.

Build Your Own Tests  General tests covering a wide selection of sanction sources and PEP data can quickly and easily be built in Sandbox, as well as test datasets to target specific weaknesses in a sanction screening system’s matching capability.

Build your own test according to your specific corporate requirements and select from numerous options including sanction lists, record type, number of records, algorithms and non-sanction records. 

Choose from a large selection of algorithms to manipulate sanction records in your test and assess the fuzzy logic matching capabilities of a screening system. Algorithmic manipulation will stress test a screening system and make it harder for a system to identify and alert against sanction records.

Sandbox supports regulatory expectations in terms of pre- and post-deployment testing of a new screening system as well as the iterative tuning process that is necessary to support a new deployment.

To find out more, contact a member of the AML Analytics team by clicking on the interactive map. 

 

Test results are available for analysis and review in Analyser Online where side-by-side comparison graphics will help identify any problems concerning the efficiency and effectiveness of a screening system.

Study False Positive alerts in granular detail to understand if iterative tuning is required.

Sandbox does not require any IT integration with a system or any access to customer data so there are no data protection issues. Total data security is ensured.

AML Analytics monitors all significant sanction lists around the world for changes and our sanction list data is continually updated in real time for up-to-the minute Sandbox testing.

Control and manipulated explained

Control tests are created by using records exactly as they appear on sanction lists and without making any changes to these names. We refer to these datasets as Control tests which are designed to test the pure matching capability of a system. A Control test may include unchanged primary names and aliases of individuals, entities vessels, aircraft, countries, territories and BICs (Business Identifier Codes) on sanction lists.

Manipulated tests include records that have been changed using algorithms from the way they appear on sanction lists in order to copy how a criminal might change their name or to emulate mistakes made at data entry level. Using Manipulated data in tests will test the fuzzy logic matching capabilities of a sanction screening system.  It is normally harder for a sanction screening system to hit against records in a Manipulated test than in a Control test.