Business relationships with terror suspects are prohibited in the EU and are punished by a minimum prison sentence of 2 years. The EU keeps a sanction list with hundreds of terror suspects and organisations. Name matching allows companies to establish if their customers and business partners belong to a terror organisation.

GVV-Versicherungen apply Innovations' MLDS Name Matching System to check the names of their customers. The current EU list is reloaded on a daily basis to enable regular customer checks. But GVV also considers it particularly important to check persons asserting claims as bystanders, e.g., a claimant in a liability case. Therefore, the names of payees are matched with the names on the EU list in an individual inquiry before payment is made. With this new procedure, the Company ensures that no business relationships are held with terror suspects.

Overview: Customers