Watchlists are databases, including checks against suspected terrorists, money launderers, fraudsters, or PEPs. They are being stored in both international at governmental levels relating to the information collected in governmental level, law enforcement, internationally, and regulatory databases about prohibited individuals or corporations in certain industries like finance, healthcare, and agriculture.
People who are on the watchlist are generally money launderers, specifically designated nationals, money launderers, parties subject varying from sanctions programs, human traffickers, drug traffickers, arms traffickers to the proliferation of weapons of mass destruction.
Before giving your institution a notification, it makes identity verification from multiple independent sources by using reliable data. Then, it scans individuals from different watchlists, including global and governmental ones.
Your institution will be notified when they are at least one of those watchlists, including the Department of Foreign Affairs and Trade, Consolidated List of European Union, OFAC's Specifically Designated Nationals and Blocked Persons, HM Treasury, Bank of England Sanctions List, European Union Terrorism List, Work Bank Ineligible Firms List, FBI Most Wanted Terrorists and Seeking Information List, Non-Cooperative Countries, and Terrorists, Denied Individuals List and PEP Lists, etc.
Sanction Scanner database contains more than two hundred countries' sanctions, PEP, and adverse media data. AML Name Screening Software, the solution offered by Sanction Scanner, provides the AML database query in real-time. Companies can meet their AML, KYC, and CDD obligations end-to-end with AML Name Screening Software.
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