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Global Sanctions Screening

Our complete suite of sanctions screening provides everything you need to stay compliant in an evolving sanctions landscape.

Infographic of the globe with countries that are sanctioned and the nature of the sanctions(financial and comprehensive)

Industry-Tailored Application

Simple Solution For Advance Sanction Screening

Spot risks among millions of entities and individuals spanning 235+ Countries and States Covered from a reliable, updated, and consolidated database of 200+ domestic and international sanction regimes. AML Watcher offers a quick insight into the background of companies, individuals, vessels, and aircraft enabling industry-leading compliance solutions for your business.

Keep Pace with Dynamic Sanctions Lists

by leveraging consolidated and multi-jurisdictional data of 235+ Countries and States Covered, stay up-to-date with global sanctions lists, ensuring real-time compliance with the most reliable information.

Avoid Legal Jeopardies and Loss of License

by promptly detecting and integrating narrative, sectoral, and targeted sanctions imposed on specific entities including persons, companies, organizations, countries, ships, and aircraft listed on global, regional, and domestic sanctions data index.

Discover Hidden Ties

by using our proprietary entity linking technology, sophisticated network analysis tools & secondary matching capabilities, explore the web of ties among sanctioned individuals ensuring strict adherence to AML/CFT regulatory frameworks.

Maintain Fast, Effortless Reporting

by integrating automated track of audit trails & preset matching parameters such as fuzzy matching & risk scores we help MLROs meet stringent compliance standards without simplified and reduced manual processes.

Table of the updates on sanction lists and cards of different kinds of notifications users will get once an update occurs

Built for Growth

Convenient Screening Powered by Tech-Driven Capability

The increasing complexity and evolving interpretations of sanction lists are posing a growing challenge for businesses in effectively identifying and mitigating sanctions risks. Automatically screen customers and stakeholders regularly with AML Watcher’s state-of-the-art screening technology.

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Integrate Seamlessly

Conduct robust screening to avoid the risk of false negatives by accidentally slipping entities through the sanctions net and mitigate the problem of false positives by over-screening. Implement AML Watcher for precision tuning that aligns with your organization's risk profile and screening criteria, leveraging machine learning technology to automate the screening process, saving time and resources.

Proven Functionality with Customisable Settings

AML Watcher’s configurable risk-based settings, fuzzy logic matching, customized ‘add list’ function, and audit trail enable processing of volumes of records while evidencing for both regulators and internal stakeholders that adequate compliance procedures have been followed.

Network of Experts

Full coverage of global sanction bodies require multilingual research experts to collate and maintain the information on a 24/7/365 basis. Get originally published entity records within global sanctions listings along the added value by a team of AML Experts providing additional contextual information.

Streamlining Sanctions Data

Experience Up-to-the-Minute Sanction Updates

Sanctions continue to wield significant influence over geopolitics and the dynamics of the global economy. With the ongoing evolution of the intricate and ever-changing sanctions landscape, it is imperative for financial services companies to establish and maintain an effective sanctions screening program to ensure compliance.

Global Sanctions Compliance

Ease the security controls with a consolidated sanctions database

The AML Watcher Sanctions Solution offers a customizable, end-to-end sanctions screening tool, empowering your organization to effectively perform initial screening and maintain on-going monitoring throughout the customer lifecycle. By connecting your business to up-to-date sanctions compliance regulation and cutting-edge screening technology, we help your business to align with:

The FATF Recommendations

UN Security Council Resolutions

Australia Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF Act)

USA PATRIOT Act

OFAC Sanctions

Singapore Payment Services 
Act (PSA)

UK Sanctions Act

Canada Proceeds of Crime and 
Terrorist Financing Act (PCMLTFA)

EU Anti-Money Laundering Directives (AMLDs)


Domestic Sanctions Lists

  • UK Office of Financial Sanctions Implementation (OFSI)

  • Canadian Special Economic Measures Act (SEMA)

  • Australian Department of Foreign Affairs and Trade (DFAT)

  • Swiss State Secretariat for Economic Affairs (SECO)

  • Hong Kong Monetary Authority (HKMA)

  • Singapore's Monetary Authority of Singapore (MAS)

  • Japan Ministry of Finance (MOF)


Consolidated Sanctions Lists

  • United Nations Consolidated Sanctions

  • European Union Consolidated Sanctions

  • U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)

  • OFAC - Specially Designated Nationals (SDN) List

  • Hong Kong Monetary Authority (HKMA)

  • OFAC - Foreign Sanctions Evaders (FSE) List

  • OFAC - Sectoral Sanctions Identifications (SSI) List

Understanding the Problem

£250 Cash Withdrawal Landed Wise Payments in Trouble with the OFSI, UK

In 2023, Wise Payments Limited got reprimanded by the Office of Financial Sanctions Implementation (OFSI) for breaching sanctions policy due to inadequate and weakened sanctions monitoring process, exposing the need for on-going sanctions monitoring.

Challenge

At 00:59 AM – On 30th June 2022, a “Designated Entity” was added to Wise’s sanctions screening list.

At 04:20 AM - the company’s systems issued an alert due to higher chances of a suspected “name match” with the targeted person.

At 07:25 AM - The person owning the entity was able to successfully withdraw £250 in cash using the debit card, clearly breaching Regulation 12 of the OSFI Russia Regulations.

At 05:24 AM - On July 1st, 2022, a compliance officer of the company made it evident that the alert was a true match, suggesting a matter to the sanction specialist team, which was unable to attend to the alert on the account of weekend holiday.

In response to a breach of regulatory requirements (not restricting debit cards, even after a possible name alert is generated), OSFI published a disclosure against Wise resulting in a 5.6% reduction in the company’s share.

Solution

  • Sanctions Lists Update in Real-time
  • Preset Thresholds and Custom Risk Alerts
  • AI-Powered On-Going Monitoring
  • Precision Name Matching/ Reduced False Negatives
  • Automated Case Management
  • Optimized Sanctions List Management

We are here to consult you

Whether you’re curious about AML Watcher or want to discuss your needs

  • Find right product and pricing for your business
  • Get your current solution provider audit & minimise your changeover risk
  • Gain expert insights with quick response time to your queries


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