Sanction Scanner Blog

What is Sanction Screening Service?

Sanction Screening Services is software that helps companies to detect financial crimes and comply with AML / KYC regulations.

What is Sanction Check?

Sanction check is to take measures to prevent transactions with persons prohibited from certain transactions and activities.

Foreign Account Tax Compliance Act (FATCA)

FATCA is a law that requires American citizens to report to the IRS the details of their financial accounts outside of the United States. The law aims to prevent the US taxpayers' natural and legal persons from avoiding US-based taxation over their incomes and assets and establish a transparent, traceable tax system. ...

Artificial Intelligence and Anti-Money Laundering

Money laundering is the process of making large amounts of money generated by criminal activities as if it appears to have come from a legitimate source. Anti Money Laundering is a complex issue for financial institutions. AML compliance ...

What is RegTech?

RegTech is the platform that combines regulations with technology. These are technologies created to facilitate the process of compliance with increasingly complex regulations and to serve users in-process monitoring. Regtech provides...

What is KYC (Know Your Customer)?

KYC is the process that businesses do to verify customer's identities before doing business with their customers. KYC regulations help companies protect themselves against illegal financial transactions. Why is KYC important?...

What is Terrorist Financing?

Terrorist financing provides funds to terrorists. Terrorists use these terrorist funds for training, accommodation, buying the weapon, etc. Financial institutions play an important role in combating the financing of terrorism ...