Sanction, PEP, SIP and RCA Checks
What are Sanctions and PEPs?
Sanctions are used by governments across the world to restrict - or prohibit entirely - trade with people or organizations involved in criminal activities. OFAC is the Office of Foreign Assets Control, the US department that enforces economic and trade sanctions on countries, regimes and individuals engaged in activities that threaten US national security. OFAC publishes lists of individuals and companies owned or controlled by or acting for or on behalf of sanctioned countries and lists known individuals, groups, and entities involved in terrorism and trafficking.
A PEP - Politically Exposed Person - is someone whose prominent position in public life makes them more vulnerable to bribery and corruption, so it is important to assess the potential money laundering risks of entering into a customer relationship with them.
We answer your questions about Sanction, PEP, SIP and RCA Checks
How we help you
SmartSearch automatically performs Sanction, PEP, SIP and RCA Screening on every AML check you run and will automatically trigger Enhanced Due Diligence on any matches. Our innovative identity verification software filters out any false positives ensuring that you are notified if a true match is confirmed. SmartSearch’s ongoing monitoring service screens all checks against updated Sanction lists every night and alerts you to any changes.
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