JPMorgan Chase Vastera, a provider of global trade management (GTM) solutions, has made available the latest version of its risk management solution, TradeSphere Restricted Party Screening 3.0. Available on either a hosted, installed or fully outsourced basis, the new version has features that offer greater protection to corporate supply chains as businesses aim to remain compliant with international trade and security laws.
JPMorgan Chase Vastera's Restricted Party Screening solution helps companies protect their trade interests by providing screening technology and multi-list management designed to prevent illegal domestic and international transactions. Restricted Party Screening 3.0 has been expanded to include more than 65 distinct entity lists from around the world. The multiple lists are consolidated into one central database that is kept updated as government lists change. More than 100,000 denied parties are included in the database. The new version also offers increased security. The new version now segregates functionality by security role. Customers can easily control who has access to perform manual screening, make compliance decisions, or manage the screening configurations. This functionality allows for the appropriate segregation in duties and visibility required by SAS 70 and Sarbanes Oxley.
In addition, the new version of Restricted Party Screening offers enhanced control over the algorithms that are at the heart of their screening engine. It also has improved auditing capabilities, enhanced workflow and better visibility. Users can now access and view their screening data in virtually limitless ways as a new ad hoc reporting tool enables users to retrieve data based on their own input values.
Company: JPMorgan Chase Vastera
Company URL: www.jpmorganchase.com/vastera