Counterparty sanction screening for transaction monitoring workflows

Transaction Monitoring clients can now set up sanctions screening checks for the counterparties that their users are transacting with to ensure ongoing compliance and mitigate counterparty risk. The transacting counterparties will be checked for exact and ‘fuzzy’ matches (e.g. abbreviations, misspellings, transliterations) against the most up-to-date watchlists using our data providers.

As with entity sanction screening, results are surfaced in Case Management to allow agents to take prompt action upon suspicious activity.

To get started with ongoing sanction screening, please reach out to your CSM or [email protected].