Politically Exposed Persons (PEP's) are defined as high-risk people because they have more opportunities to gain illegal income such as money laundering, corruption, and bribery than ordinary people. PEPs are not criminals or banned people, but because they are high-risk customers, businesses have to detect PEP's and control their transactions.
Sanction Scanner collects and structures PEP data all over the world with AI-support. Businesses can check their customers in global PEP data by name, ID number, or passport number. Sanction Scanner presents the results of your scan with easy-to-understand reports in seconds.
According to AML regulations, businesses that do not meet AML requirements remain vulnerable to financial crimes and cannot detect financial crimes. Businesses that cannot detect these financial crimes face AML penalties. In addition to the economic consequences of these fines, businesses lose their reputation.
Our PEP Screening Service meets the AML requirements of FATF, the European Union, and local regulators. With our powerful API, businesses automate their PEP control processes and detect financial crimes.
Banking
Payments
Fintechs
Crypto
Insurance
Investment
High Risk Corporates
Lending