Vodafone will screen its users

Customers of Vodafone are to be screened via Datanomic's Director Sanctions/PEP (Politically Exposed Persons) Screening tool. The two companies signed the corresponding agreement.

Money Transfer service provided by Vodafone is intended for customers from developing countries and migrant populations who need the instrument for sending money back home. According to the figures reported by the statistics overseas migrants made money transfers amounting to $93 billion just to Africa alone.

Now customers using Vodafone’s remittance service will be checked through Datanomic's device against Sanctions and Politically Exposed Persons (PEPs) which will enable Vodafone to comply with worldwide anti money laundering regulation, including HM Revenue and Customs, multiple EU Anti-Money Laundering Directives, the USA Patriot Act, as well as central bank requirements such as the Central Bank of Kenya and the Central Bank of Tanzania.

It is the UK-based Vodafone Group's Global Anti-Money Laundering team who will be responsible for managing the Datanomic tool.