What is PEP and sanction screening?

Money laundering restrictive list

The above, in view of the need to have in the country a specialized institution, and with appropriate functions, to prevent and control the laundering or laundering of assets, with the aim of preventing the use of the financial system, and other sectors of economic activity, to legitimize illicit profits.

On February 18, 2015, Law No. 20,818 was published in the Official Gazette, which improves the mechanisms for the prevention, detection, control, investigation and prosecution of the crime of money laundering, thus introducing important amendments to Law No. 19,913.

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Individuals and organizations on the sanctions and PEP lists represent a high risk to companies. Therefore, companies must apply sanction and PEP screening to detect high-risk customers or partners and take action against them. With our Sanction & PEP Screening service, companies can make the screening process fast and secure.

Individuals and organizations on the sanction and PEP lists represent a high risk for companies. Therefore, companies must implement sanction and PEP screening to detect high-risk customers or partners and take action against them. With our Sanction & PEP Screening service, companies can make the screening process fast and secure.

Individuals and organizations on the sanction and PEP lists represent a high risk for companies. Therefore, companies must implement sanction and PEP screening to detect high-risk customers or partners and take action against them. With our Sanction & PEP Screening service, companies can make the screening process fast and secure.

Free Restricted Lists Query

Choose from our Personator AML data Personator service, which includes comprehensive sanctions lists (OFAC, UK, UN, EU) PEP and other US government and international restricted party watch lists.

Read more  What are embargoes and sanctions?

You can easily tailor Personator to your risk-based approach. Personator leverages intelligent fuzzy matching to handle transliteration, synonyms, aliases and misspellings, and advanced name matching to reduce false positives.

What are restrictive lists

The ultimate goal of any Politically Exposed Persons (PEP) screening and sanctions program is to reduce risk and comply with government requirements aimed at combating money laundering and terrorist financing. Accurately screening customer data against compliance lists can be challenging and often requires a significant investment in staff resources. Poorly structured data and inaccurate formats create questionable matches that must be reviewed manually.

Innovative Systems’ proven, cutting-edge technology delivers unparalleled accuracy and efficiency to help clients achieve effective and accurate compliance. With a solid foundation in data quality, FinScan reduces the risk of overlooking true matches and minimizes the time and cost associated with investigating false matches.

Name and address information from both customer and vendor records and the sanctions and Politically Exposed Person (PEP) lists against which they are compared are cleansed and standardized for uniform format comparisons.