Sanction Scanner Blog

What is PSD2?

With the PSD1 (Payment Services Directive 1), which enter into force in 2009 for the first time in EU countries, the main aim of the European Union was to develop an efficient, fast, standardized, secure and competitive payment market among the union countries. With the revision made by the European Commission in 2015, PSD2 replaced PSD1. ...

What is GDPR?

It is the regulation that will protect all personal or professional data of the citizens of the European Union member countries and ensure that the rights on these data are taken and terminated from internet companies. Any organization using the personal data of individuals must comply with this regulation. ...

What Are The AML Regulations?

Financial institutions have certain compliance obligations to which they are responsible. These obligations are regulated by financial regulators. Financial institutions must comply with national and international regulations to ensure AML compliance...

What Is PEP (Politically Exposed Persons)?

A politically exposed person is a term that describes someone who has a prominent public function. They are considered high-risk by financial institutions because of their potential to engage in bribery and corruption. Creating PEP lists is a difficult process...

What Is A Sanction List?

Sanctions lists were created by governments and international authorities to combat persons engaged in illegal activities. These lists help us identify countries and individuals involved in financial crime...