PEP & Sanction screening

PEP & SANCTION SCREENING

By legal requirements your company needs to check whether your clients and related parties are listed on sanction lists or listed as a Politically Exposed Person (PEP). Raemonda has direct links to a number of these relevant PEP – and sanctions lists. The system checks daily whether updated sanction lists are available and updates automatically, thus enabling your company to work with the most recent data. All entities in your files are checked automatically.

Raemonda performs a fuzzy search on official names, but also on nicknames. Raemonda not only displays a notification if a match is found on a sanction list or a list of politically exposed persons, but it also provides a direct link to the applicable sanction list. With this information, your employees can directly check if this reported match is indeed related to this person or company from your files, or whether it is a false positive. If the former is the case, you should make the mandatory notification to the regulatory authorities. In this notification, among other things, you need to specify the actions taken against the sanctioned person or company as well as the entry number of the applicable sanction list, which can be retrieved from Raemonda.

COMPLIANCE INNOVATIONS B.V.

Hillegomstraat 12-14 unit 1.02
1058 LS  Amsterdam
The Netherlands
Tel:    +31 (85) 489 1829
Email: info@compliance-innovations.com

PEP_Sanction

Raemonda performs a fuzzy search on official names, but also on nicknames. Raemonda not only displays a notification if a match is found on a PEP or sanction list, but it also provides a direct link to the list in question. With this information, your employee can directly check if this reported match is indeed related to this person from your files.

PEP_Sanction_Screening
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