The Castellum.AI SBO database is purpose-built for screening, enabling users to quickly and effectively identify financial crime and other risks associated with a person or entity. Using Castellum.AI’s proprietary data enrichment and standardization process, data from corporate records are automatically compiled and associated risks are flagged to flag high-risk ownership (e.g. “Company X” has a director who is sanctioned by US OFAC). This enables clients to effectively establish risk-based controls and process alerts similar to sanctions or PEPs screening.
Conversely, other beneficial ownership solutions are geared toward an investigative use case, not a screening use case. This means that the solution is specifically built to generate a high false positive rate and burdens analysts with the obligation to review records in detail to disposition an alert.