Accelerate your PEPs and Sanctions screening process with our rapid checks
Politically Exposed Persons (PEPs)
These people hold prominent public functions and are trusted with a position of power. These people are at a much more significant risk of being bribed or corrupted to carry out financial crime on behalf of fraudsters.
Because of the extra risks that PEPs carry, organisations need to apply enhanced client due diligence, so there are some additional checks they must undergo.
Sanctions
We cover the primary lists from HMT, EU, UN and OFAC, together with numerous other governmental lists.
How our PEPs and Sanctions checks can help
PEPs and Sanctions are critical aspects to implement into your AML compliance process, as they enable you to thoroughly validate who your existing and new clients are—and to ensure client due diligence.
With our PEP and Sanctions screening and monitoring tool, you will receive instant results about your clients, so you can get down to business quicker.
Benefits of our PEPs and Sanctions compliance solution
Our PEP and Sanctions screening and monitoring solution adds an extra layer of defence to your organisation from the point of client onboarding and throughout your partnership.
Plus, it carries a lot of benefits:
- Maintains compliance: Our solution uses an extensive PEP and Sanctions database to complete your client checks against.
- Minimises risk: Our solution adds to the overall picture of who each of your individual clients are, allowing you to correct manage risk.
- Streamlines onboarding: Our solution allows for efficient, effective and accurate client checks, creating a smoother onboarding experience for your clients.
What are my options?
Whether you have a politically exposed person wanting to come onboard, or you want to check a client for any previous suspicious fraudulent activity, we have an option for you.
Our PEP screening tool
With our PEP screening tool, you can screen both domestic and global registers of PEP. Our extensive database also includes all known relatives and associates of PEPs, as well as personal information such as the location and role of the PEP.
Our Sanctions check tool
Our Sanctions screening tool offers instant checks against UK, HMT, UN, EU, and OFAC sanctions lists, which details which of your potential clients may have previously acted fraudulently regarding financial matters and will therefore need sanctions implementing against them.
You can choose to implement our PEP or Sanctions screening tool as standalone services, or to add them within a larger AML checks package, for a more thorough compliance process.
When you choose to combine these checks, you will benefit from enhanced monitoring, and can further ensure client due diligence. Plus, when you implement these services, you don’t only get monitoring at the point of onboarding your new clients, but these tools will also monitor your clients throughout their partnership with you. This ensures full compliance and ongoing due diligence of your client base against the PEP and sanctions lists, as required by UK AML legislation.