Sanctions List Screening

Protect your business from performing transactions with persons or organisations listed on the OFAC & PEP watchlists. Our sanctions screening solution helps businesses protect themselves from financial crime and terrorist financing by quickly and accurately identifying individuals and entities on global watchlists, such as OFAC.


Safeguard Your Company

Businesses must recognize that certain individuals working in the public sector (known as PEPs) could potentially engage in acts of bribery or corruption. Such actions might result in breaches of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations when conducting transactions with such individuals or nations. Utilising IDMkyc, enterprises can verify the identities of all parties they engage with on a worldwide scale, thereby ensuring adherence to the most stringent global compliance standards.


OFAC Screening

OFAC Screening, part of the United States Department of the Treasury, operates as an enforcement entity authorised under Presidential national emergency powers. Its primary function is to regulate financial transactions and institute asset freezes. One of its key roles involves enforcing the Trading with the Enemy Act, which places constraints on trade with countries considered antagonistic to the United States. Additionally, OFAC utilises sanctions to exert financial leverage on specific individuals or nations. The screening of sanction lists constitutes a crucial component of Anti-Money Laundering and Customer Due Diligence (CDD) operations.


Trade Restriction Objectives and Exceptions

OFAC's primary aim is to confront financial wrongdoing, combat money laundering, and address various unlawful practices. OFAC possesses the authority to grant exceptions to specific transactions, permitting them to proceed. OFAC maintains a roster of Specially Designated Nationals (SDNs), comprising individuals and businesses associated with or originating from countries under scrutiny.


PEP List Screening

PEP List Screening identifies Politically Exposed Persons & analyses their risk profile for the financial institution. PEPs are individuals with formal political power and informal but influential political connections, according to the Financial Action Task Force (FATF). Rather than imposing a time limit on dealing with a previous PEP, risk assessment should be considered. Risk-based approaches require analysis of PEPs who no longer hold prominent public positions to determine whether they are susceptible to money laundering and terrorist financing.


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We ensure top-notch privacy and compliance standards for your business, so that you can focus on what matters most.