WatchList Reporter emphasizes the escalating risk landscape for U.S. and Canadian financial institutions due to an uncertain economic outlook, rising financial crimes, and changing regulations. This has heightened the importance of watchlist screening, a database of sanctioned individuals and organizations, which is crucial for compliance with regulatory mandates like OFAC sanctions and KYC requirements. Non-compliance risks hefty fines and reputational damage. FIS® WatchList Reporter offers a patented solution for automated, accurate watchlist screening to aid financial institutions in meeting current and future compliance needs, reducing errors, and simplifying audit processes.

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