PEP and sanctions checks for individuals
Comply with country-specific AML regulations by connecting directly to leading international and local PEP and sanctions data providers.
Anti-money laundering controls, tailored to your business
Doing business with sanctioned individuals or ignoring politically exposed persons in your client portfolio is illegal and will have significant negative consequences for your organisation. We help you to establish a compliant client onboarding and monitoring process in no time.
Up-to-date sanctions and PEP lists
Our sanctions list vendors constantly update their lists and optimise them for clarity.
Spot high-risk clients
An additional adverse media check keeps you aware of other potential risks, outside of sanctions and PEP compliance.
We make compliance look easy
We hand-picked the best data providers for PEP and sanctions checks for each country and market to make sure you can grow together with us.
Easy batch screening
Save time when screening existing clients by uploading a filled out batch template with names to be scanned.
Download and create PDF reports as part of your AML obligations and to meet audit requirements.
Identify relatives and close associates due to their relationship with someone in a position of authority and influence as part of your PEP scans.
Use our daily updated PEP and sanctions checks and screen your portfolio on a daily, monthly or yearly basis, including adverse media checks.
Get all of the above, and more
Our ready-made workflow solutions combine several KYC products to automate online identity verification and KYC. Let us show you how they work.
Anti-money laundering glossary
The world of anti-money laundering can seem daring sometimes. We help you understand more.
AML is an umbrella term for the range of measures, controls, and processes businesses must have in place to achieve regulatory compliance and stop financial criminals from concealing illegally obtained funds and making them appear legitimate. AML laws require companies to take steps such as verifying the identity of their customers, keeping records of the customer's transactions, and reporting suspicious activity to authorities. One of the most crucial parts of complying with AML laws is to Know Your Customer. KYC, or "Know Your Customer", is a set of processes that allow companies to confirm the identity of the individuals they do business with, and ensures those individuals are acting legally. Effective KYC protects companies from doing business with individuals involved in illegal activity, such as money laundering, terrorist financing or corruption.
Terrorist financing is how terrorists obtain funds to finance their pernicious operations. According to The Financial Task Force (FATF), terrorist financing is the "...financing of terrorist acts, and of terrorists and terrorist organisations.”. Acts of terror can be prevented by disrupting the flow of funds to terrorists, and many countries have implemented measures for countering the financing of terrorism (CTF). These measures are often synonymous with anti-money laundering (AML) laws. Implementing adequate AML/CTF controls is vital to the regulatory compliance strategy and combat terrorist funding.
Sanctions, also referred to as restrictive measures, are punitive or restrictive actions taken by individual countries, regimes, or coalitions. Sanctions can restrict organisations, individuals and states from conducting trade, making financial transactions, and more. Sanctions can be specific or general in their implementation and enforcement. Organisations must comply with regulator expectations and adopt a risk-based approach to sanctions compliance with access to continuously updated sanctions lists, i.e. databases listing individuals, legal entities, and countries with whom it is illegal to do business. Doing so during client onboarding is not enough; organisations need to stay alert to compliance threats with continuous sanctions risk monitoring.
Adverse media, a.k.a. negative news, refers to any disadvantageous information found about individuals and entities across traditional news outlets and unstructured sources. There are numerous risks associated with conducting business with persons or companies with an adverse media profile. Adverse media screening and monitoring is the process in which a customer, or prospective customer, is screened against negative news and data sources. Adverse media screening and monitoring allow firms to detect a potential problem before they risk being associated with it and having their reputation tainted. The spectrum of negative news is not limited to allegations or convictions of financial crimes; a client’s bad reputation is enough to pose risks and calls for further investigations and due diligence on a customer.
A PEP (Politically Exposed Person) is a person who possesses a certain form of political and institutional power due to a high-ranking job in a government or some other type of political position. Because of their power, PEPs are considered high risk in relation to money laundering, blackmail, bribery and other types of corruption. Spouses, family and close business partners are also considered PEP, as their relationship can be exploited - voluntary or involuntary. The Anti-Money Laundering Directive requires all businesses to be extra careful when they deal with clients or customers who are PEPs as they constitutes an elevated risk.
Streamline your regulatory compliance efforts
Streamline, cumulate and enhance your compliance measures to comply with KYC requirements and deliver a stellar customer onboarding experience.