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.
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 199 lists from 49 countries or organizations.
In January 2022, we began a process of expanding this catalogue to include more than 30 new sources from the Middle East and Africa in Q1 2022. Later on, this year, 27 new sources have been again added into our catalogue. These are:
Our sanctions list is used in: