Case Study: Sohar International Bank achieves 67% fewer false positives with Eastnets SafeWatch Screening

Sohar International Bank cuts false positives by 67% with Eastnets

Sohar International Bank faced significant challenges with high false-positive rates in its Eastnets SafeWatch Screening AML system. These false positives created operational inefficiencies, delays, and a heavy manual review workload for the compliance team, all while the bank needed to ensure compatibility with new ISO-20022 messaging standards.

Eastnets implemented a comprehensive solution that included optimizing the World Check Premium Datafile, increasing the scanning rank, and creating a "Good Guys" whitelist. This resulted in a 67.25% reduction in false positives, slashing the number of alerts from 312,000 to 102,000. This dramatically improved the efficiency of the bank's AML operations, allowing its team to focus on genuine threats.

Sohar International Bank