Screening

Screening is a mandatory regulatory process in financial services and other regulated industries that involves systematically checking customers, beneficial owners, and transactions against official watchlists, sanctions lists, and Politically Exposed Persons (PEP) databases to identify and mitigate risks associated with money laundering, terrorist financing, and sanctions violations. This critical component of a robust Anti-Money Laundering (AML) and Know Your Customer (KYC) program ensures compliance with international standards set by bodies like the Financial Action Task Force (FATF) and national regulators such as the U.S. Office of Foreign Assets Control (OFAC).