Sanctions Lists & PEP Screening
sanctions.io is the simple, cost effective and easy to integrate solution for
your AML & KYC, and Business Partner screening processes.
AML & KYC Compliance
AML & KYC Compliance explained
What does AML & KYC mean, what are the most relevant policies and regulations, how does it affect my business and what is the risk for non-compliance?
AML & KYC - What does it mean and what is the difference?
AML (Anti-Money Laundering) is an umbrella term for a range of regulatory processes businesses must have in place in order to prevent money laundering and making sure payments come from legitimate sources.
KYC (Know Your Customer) is a part of AML requiring companies to verify their customers' identity and make sure the customer is generally not a ‘bad guy’ and doesn't pose any risk to the organization.
Overview of AML & KYC policies and regulations
The most important regulatory organizations on a global level are the United Nations and the Financial Action Task Force (FATF) which is the global money laundering and terrorist financing 'watchdog'. Their policies and recommendations are adopted by a wide range of countries (more than 200) as a standard and framework for their national regulations.
Besides those global organizations there are also regulators and laws on national levels which, depending on your market, could be relevant for your business. Some of the most relevant organizations in terms of international trade are for example the Office of Foreign Assets Control (OFAC) in the US or the European Commission in the EU. For more information on global and national regulations see our blog.
Why is this relevant for my business?
Global AML & KYC regulations are a complicated field to navigate especially for small and midsize businesses (SMB). Not only the complexity of the regulations itself make it difficult but often there are regulations from multiple countries or organizations to obey.
While the financial industry and other ‘high risk industries’ such as real estate have been required for a long time to have KYC processes in place, many other industries only now face stricter regulations due to global widespread of KYC and AML compliance requirements.
In general all businesses are required to adopt compliance programs and for example check their customers against Sanctions and PEP (Politically Exposed Persons) lists to understand the risk in doing business with their clients.
Consequence of non-compliance
The risk for non-compliance with AML, KYC and Sanctions regulations includes high fines and penalties (see here our blog post about the cost of neglecting AML compliance), getting your business or yourself on a sanctions or watch list and/or could even involve prison sentences for executives and officers.
Sanctions and PEP Data for your
AML & KYC Screening Process
sanctions.io provides reliable and constantly updated data from global Sanctions and PEP Lists for your Anti-Money Laundering & Know Your Customer screening processes.
Sanctions Lists Scan
Our Sanctions Lists Check is based on data from the most relevant organizations such as OFAC, United Nations, European Union etc. Our database is updated every 15 minutes. List of covered Sanctions Lists
PEP Lists Scan
Our Politically Exposed Persons (PEP) Check is based on a manually sourced agenda of worldwide elections (both national and regional). All data are reviewed and updated as soon as new election results are available.
Free Sanctions Lists Search
Search our Sanctions Lists database for FREE.
Just enter a name and check the results.
Integration. Simple & Reliable.
Rapid implementation with our sanctions.io API (guaranteed uptime 99.9%) or our "out of the box" and deployment ready SAP integration.
Fair and straight forward pricing
Sanctions ListsHigh Volume Scanning
High quality PEP data
Please get in touch with us for our ‘Enterprise pricing’ for high volume Sanctions and/or PEP lists checks.
Test our Data and Platform for FREE
AML Compliance is serious business and we want to prove that we are a reliable partner for you. Don't just take our word for it and see yourself.
Free Sanctions Check on Website
Check out our FREE Sanctions Lists Search right here on our website. Just enter a Name and see the results instantly. If you like you can even add more search filters such as Address, Country, Sanction List Name and Fuzziness Level. Try it out right now.
You want to try our API with real Sanctions Lists data? Just see our 7-Day Free Trial option.
Free 7-Day Sanctions Check Trial
Our FREE 7-Day Sanctions Check Trial gives you unlimited access to our Sanctions database through our API.
You want to test our PEP data? Just use our Sandbox Environment where you can do unlimited testing with historic real data.
You want to test our API from a technical standpoint first before taking the next steps? No problem at all, we have you covered with our Sandbox environment. There you can test our API as much as you like with real (historic) data.
The latest sanctions.io news
Find here our latest Blog posts and Knowledge Base articles
The European Union’s AML directives aim to protect financial systems from money laundering and terrorist financing. Although each member state...Read MoreNovember 8, 2020
Business Partner screenings, which include PEP and Sanctions Lists screenings, involve personal data and hence GDPR data privacy regulations must...Read MoreOctober 31, 2020
Regulated entities are required to conduct business partner screenings to remain compliant with Anti-Money Laundering (AML) and Counter Terrorist Financing...Read MoreOctober 26, 2020
PEP screening is an important aspect of Anti-Money Laundering and Know Your Customer (KYC) regulation. It involves validating a customer's...Read MoreOctober 22, 2020