AML Sanctions screening software
Identify AML risks before they harm your business
Real-time AML monitoring
of all required sources
Sumsub uses 11,000 independent sources from 220+ countries and territories, screened
simultaneously for your compliance case and translated if needed.
Detect and restrict persons
on sanctions & watchlists
Identify and monitor politically
exposed persons (PEPs)
Analyze adverse media
Meet all your needs with
our AI-powered solution
What our customers say about us
See why 2500+ companies trust Sumsub
Before using Sumsub, false positives were a constant issue, and our pass rate was down to 40%. With Sumsub’s features, we jumped up to 92% pass rates.
Product Owner at Yolo Group
Sumsub is G2’s Top Pick
Surpass competitors with a partner who knows how to excel, as validated by user reviews.
FAQ
What is the AML screening process?
The AML (anti-money laundering) screening process is a method of checking customers and entities using their names and other associated information against multiple types of sources (sanctions, PEPs lists, etc.) to identify sanctions, financial crime, terrorist financing and reputational risks. Many companies are mandated by AML regulations to conduct AML screening on their clients and third-party relationships as part of CDD and KYB requirements. These checks assist firms in preventing money laundering by verifying the identity of individuals and companies and assessing the likelihood of any involvement in financial crimes.
What is sanction screening in anti-money laundering?
Sanction screening in anti-money laundering and KYC involves checking individuals and entities against various databases, including sanctions and terrorist watchlists. This process helps prevent individuals or entities linked to money laundering, terrorist financing, or other illegal activities from becoming customers. Businesses typically use specialized sanctions screening software to conduct these checks.
What is AML watchlist screening?
AML watchlist screening is the process of checking individuals and entities against lists are created and maintained by law enforcement, governments and other relevant authorities. Such lists include wanted persons and criminal suspects. This screening helps identify high-risk customers who may be involved in ML, TF or other illegal activities.
What is a PEP check?
A PEP check involves screening individuals who hold prominent public positions to identify politically exposed persons (PEPs). While not universally mandatory, regulatory bodies often require PEP screening to mitigate the risks of corruption, bribery, and money laundering. Requirements may vary by jurisdiction and industry, and companies typically use automated PEP screening software to comply.
What is sanction screening software?
Sanction screening software is a tool that helps businesses comply with AML regulations and identify AML risks by checking customers against sanctions databases. It automates the process of detecting high-risk or compromised individuals, saving time and ensuring businesses are notified of updates to sanction lists in a timely manner, helping to prevent and detect financial crimes.
What is AML screening software?
AML screening software is a tool used by businesses to comply with anti-money laundering regulations. It helps screen individuals and entities against various watchlists, such as sanctions lists, PEP lists, and other databases, to identify high-risk customers involved in illegal activities like money laundering or terrorist financing. The software automates the screening process, saving time, reducing manual effort, and ensuring businesses remain compliant with regulatory requirements.