PEPS AND SANCTIONS SCREENING
Easily identify high-risk customers and manage ongoing monitoring – on your terms!
With Credas’ PEPs and Sanction screening, you can tailor the datasets we interrogate and our data matching levels to your risk appetite. Effortlessly identify whether your clients are on sanctioned lists or are politically exposed in real-time.
MANAGE YOUR ENHANCED CUSTOMER DUE DILIGENCE
Under money laundering regulations firms must identify whether someone is regarded as a Politically Exposed Person and therefore presents a higher risk to the firm. A Politically Exposed Person usually works within a position of authority and/or is closely related to someone who does. In addition, all firms are also required to ensure they are not working with sanctioned individuals. Failure to have sufficient processes in place to identify high-risk customers can result in significant fines or even disqualification.
PEPs and Sanction lists change regularly, as people and entities are added or removed, so having access to the right data is vital, for maximum efficiency. Credas makes it easy for firms to identify high-risk individuals, delivering results in real-time from a large range of official datasets. Should a match be identified, it is flagged so you can take further action and add notes / further evidence before continuing. For those who would pose a higher risk to your business, this is a compliance hotspot, and missing changes would open your business to regulatory risk.
We also offer the option to integrate our solution into your CRM system streamlining the customer onboarding process and ensuring your CDD process is met consistently.