Detect high-risk users by screening them against global watchlists for sanctions, PEPs, and adverse media. All this is done automatically with our AI-powered AML Screening and Ongoing Monitoring solution
Meet global and local requirements, mitigate losses, and protect your reputation
Save time while getting more reliable screening results with an AI-powered solution
Combine AML screening with KYC, KYB, Transaction Monitoring and Travel Rule solutions
Sumsub uses 11,000 independent and reliable data sources from 220+ countries and territories to ensure compliance with all local and global standards.
We screen your customers against global watchlists and sanctions lists, including OFAC, UN, HMT, EU, DFAT and more.
Perform liveness and Face Match verification to confirm true document holder identity. Sumsub’s advanced technology will match the ID photo to a live snapshot of the holder’s facial features.
We monitor thousands of media sources for negative mentions and aggregate the data into customer profiles for easy review.
Сompanies that work with Sumsub identity verification software save costs and increase revenue, according to the “Total Economic Impact™ Of Sumsub’s Verification Platform study by Forrester Consulting. Let’s see what results you can get
Effortlessly identify when individuals and legal entities are listed on AML data sources. Our thorough screening process goes beyond onboarding to continuously monitor the whole user journey.
Easily keep applicant information up-to-date thanks to automated data updates that monitor updates to sanctions lists and watchlists. This way, you get reliable data from trustworthy sources, reduced manual labor, and protection from crime.
Combine AML screening, User Verification, Business Verification, Transaction Monitoring and Travel Rule compliance in one single platform to simplify the workflow and enhance efficiency.
Whether you prefer to activate the AML service within the Sumsub dashboard or utilize your existing AML service credentials, we have you covered.
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AML (anti-money laundering) screening checks customers using multiple types of sources (sanctions, PEPs lists, etc.) to check if they’re on sanctions lists, involved in money laundering/financial crime, and so on. To optimize the process, companies use AML user screening software which decreases manual workload and speeds up user checks.
Sanction list and watchlist screening is the process of checking individuals and entities against various databases, such as sanctions lists, politically exposed persons (PEP) lists, terrorist watchlists, and more. This helps prevent individuals or entities that may be involved in money laundering, terrorist financing, or other illegal activities from becoming customers. To do this, businesses often use specialized AML screening software.
Businesses are required to perform sanction screening by AML regulations. The process involves checking customers through sanctions databases. Effective sanction screening allows businesses to prevent financial crimes by detecting persons who are high-risk or compromised. To automate this process, companies use sanction screening software that allows them to save time and get notified of updates to sanction lists.
In order to comply with regulations and mitigate risks, businesses need to screen customers, business partners, and any other relevant parties against sanctions lists. This helps avoid potential involvement with individuals or entities involved in prohibited or restricted activities. Sanction checking also allows to ensure a safe and compliant business environment.
PEP screening is not universally mandatory, but is often required by regulatory bodies in many sectors. Screening politically exposed persons (PEPs) helps identify individuals who hold influential or prominent public positions, reducing the risks associated with corruption, bribery, and money laundering. Specific requirements may vary depending on the jurisdiction and industry in which your company operates. To meet these requirements, companies use automated PEP screening solutions.
The OFAC sanctions list refers to the individuals, entities, organizations, and countries that are subject to economic and trade sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). The OFAC sanctions list includes individuals involved in terrorism, drug trafficking, weapons proliferation, human rights abuses, and other illicit activities. To identify such individuals, companies perform customer screening using AML screening tools.