Our consolidated database of sanctions is used in all our applications in the screening process of entities that need to be monitored as part of your AML obligations. Additionally, we offer our Data Service as API to integrate PEP & Sanctions lists into 3rd party applications.
The screening allows to identify possible matches between the entities under control and the sanctions included in the consolidated sanctions database. The identified matches, called Hits, will need to be validated to determine the resulting risk exposure.
Over the years, we have expanded our sanction’s lists catalogue, which now includes 143 lists from 42 countries or organizations.
We are constantly increasing our global coverage. With a focus on the Middle East and North African Regions (MENA) we identified more than 30 new sources which we will add to our list catalogue in Q1 2022.
17 new sources are already available with our current catalogue since February 11th, 2022. These are:
How does it impact you?
Our sanctions list is used in:
- AMLspotter Online
- BNC XS
- WEB BNC
- KYC & AML cloud suite
- Microsoft Dynamics 365 KYC Addon
If you have any questions about using the consolidated sanctions database in our anti-money laundering solutions, or if you would like these new sanctions lists to be activated in your solution, please do not hesitate to contact our Support Team.