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Sanctions Screening Challenges 🚨 Sanctions screening is one of the most critical — and complex — parts of AML compliance. Every bank must ensure that no customer or transaction is linked to a sanctioned individual, entity, or country. But here’s the challenge: • Different sanctions lists (OFAC, UN, EU, UK, etc.) • False positives caused by similar or common names • Constantly updating lists and evolving geopolitical risks • Need for real-time screening in high-volume environments 💡 The goal isn’t just to match a name — it’s to understand the context. A strong compliance system combines accurate data, efficient tools, and human judgment. As compliance professionals, our role is to make sure we don’t just “screen,” but truly analyze risk. #Compliance #AML #SanctionsScreening #RiskManagement #FinancialCrime #RegTech

Why Politically Exposed Persons (PEPs) Matter in AML Compliance Corruption drains an estimated $3.6T annually (World Bank), while up to 5% of global GDP is laundered each year (UN). PEPs are individuals in prominent public roles pose elevated risks of bribery, corruption, and illicit financial flows. 🔎Red Flags to Watch For: ❗Unexplained wealth ❗Links to sanctioned entities ❗Unusual or cross-border transactions ❗Use of intermediaries or proxies ❗Exposure to high-risk sectors Regulators require enhanced due diligence (EDD), ongoing monitoring, and timely reporting for PEPs. At FinchSCAN, we simplify this process with: ✅ Comprehensive global sanctions, PEPs and adverse media lists coverage ✅ Real-time profile monitoring for risk status changes ✅ AI-Powered screening to cut false positives ✅ goAML-ready reporting 👉 Ignoring PEP risk means exposure to penalties, reputational damage, and financial crime. With FinchSCAN, compliance becomes simpler, smarter, and more actionable. Read the full article here: https://lnkd.in/gUd3zwyW #AMLCFT #AMLCompliance #PEP #Fintech #RegTech #AMLscreening #PEPscreening #adversemediascreening

Are you aware of the role the Financial Industry Regulatory Authority (FINRA) plays in compliance? 🏛️ FINRA is a self-regulatory organization in the U.S. authorized by Congress to oversee broker-dealers. It operates under the oversight of the SEC, but runs by its own rulebook. FINRA sets expectations for various compliance related processes, including: → KYC obligations → AML program requirements → Supervisory structures for financial institutions → Sanctions alignment with OFAC 📚 It sets these expectations through its rules, the following of which are targeted at sanctions and AML: → Rule 3310: AML Compliance Program → Rule 2090: Know Your Customer (KYC) → Rule 3110: Supervision → Rule 3314: Transaction Monitoring FINRA intersects with other regulators. OFAC, part of the Department of Treasury in the U.S., sets sanctions lists and specific regulations. FINRA then enforces industry compliance to ensure the OFAC lists are screened against. The SEC oversees FINRA's enforcement. 🛑 Compliance teams often struggle to implement FINRA rules in their workflows. Various hurdles can get in the way, such as: → Fragmented screening systems, causing potential compliance gaps and wasted time on duplicates → High levels of false positives, requiring resources to solve causing wasted time → Evolving sanctions regimes and lists, requiring immediate and real-time adaptation → Training employees on FINRA rules , ensuring knowledge within compliance departments stays up to date 📖 If you want to learn more about each specific FINRA rule affecting compliance, the 5 steps to take to strengthen FINRA sanctions compliance, and wish to read more about FINRA and its role in general, check out our latest blog where we cover everything in more detail: 🔗 https://lnkd.in/gF7sH29a #FINRA #compliance #sanctions #sec

🚨 Sanctions Screening in KYC & AML – The Silent Guardian of Compliance 🌍 In today’s high-stakes regulatory world, sanctions screening isn’t just another compliance checkbox — it’s the frontline defence against financial crime, reputational collapse, and hefty regulatory penalties. 💡 So, what exactly is sanctions screening? It’s the process of vetting customers, transactions, and counterparties against international and local watchlists issued by bodies like: 🌐 OFAC (U.S.) | 🇺🇳 UN Security Council | 🇪🇺 EU Sanctions Lists | 🇬🇧 HM Treasury | FATF Guidelines This ensures institutions don’t engage — directly or indirectly — with sanctioned individuals, entities, or countries. ⸻ 🔥 Why it matters more than ever: ✔ Prevents onboarding of sanctioned or high-risk clients ✔ Flags PEPs (Politically Exposed Persons) and risky jurisdictions ✔ Blocks prohibited transactions in real time ✔ Protects against regulatory penalties and reputational harm ✔ Strengthens ongoing due diligence and monitoring ⸻ ⚙️ What powers an effective screening framework? 🔹 Smart name/entity matching (with fuzzy logic) 🔹 PEP & RCA (Relatives and Close Associates) checks 🔹 Adverse media monitoring 🔹 Real-time alerts on transactions 🔹 Continuous list updates 🔹 Clear escalation & disposition workflows ⸻ 🌍 The Bigger Picture: With global sanctions tightening and enforcement ramping up, banks, fintechs, and even non-financial businesses must embrace robust screening systems and governance. Because in compliance, sanctions screening isn’t optional — it’s essential. It’s not just about following rules; it’s about safeguarding the integrity of the global financial system. 🛡️ #KYC #AML #SanctionsScreening #Compliance #FinancialCrime #Fintech #RiskManagement #DueDiligence #Governance

🔍 Sanctions Screening in KYC & AML: A Non-Negotiable Compliance Pillar In an evolving regulatory landscape, sanctions screening has become one of the most critical components of effective KYC and AML frameworks. It not only ensures compliance but also helps institutions protect themselves from financial crime, reputational damage, and regulatory penalties. ✅ What Is Sanctions Screening? Sanctions screening is the process of checking customers, transactions, and counterparties against global and domestic watchlists issued by bodies such as: • OFAC (U.S.) • UN Security Council • EU Sanctions Lists • HM Treasury (UK) • FATF Guidelines ✅ Why It Matters in KYC & AML ✔ Prevents onboarding of sanctioned individuals/entities ✔ Identifies politically exposed persons (PEPs) & high-risk jurisdictions ✔ Stops prohibited transactions in real time ✔ Reduces regulatory and reputational risk ✔ Supports ongoing due diligence and monitoring ✅ Key Elements of an Effective Screening Program 🔸 Name & entity matching (including fuzzy matching) 🔸 PEP & RCA (Relatives and Close Associates) screening 🔸 Adverse media checks 🔸 Real-time transaction monitoring 🔸 Ongoing list updates and alerts 🔸 Escalation and disposition procedures ✅ The Bigger Impact With increasing global sanctions and tightening enforcement, financial institutions, fintechs, DNFBPs (Designated Non-Financial Businesses and Professions), and payment platforms must adopt robust technologies and governance to stay compliant. Sanctions screening isn’t just a regulatory obligation — it’s a global safeguard against financial crime. #sanction #OFAC #Screening #learnwithVinod

U.S. Expands Entity List to Affiliates – A Game-Changer for Compliance🚨 The Bureau of Industry & Security (BIS) has issued a sweeping rule (Federal Register 2025-19001) that raises the stakes for sanctions & AML oversight. What’s Changed📌 • Entity List restrictions now extend to foreign entities 50%+ owned by listed or sanctioned parties. • Subsidiaries & holding companies are automatically covered. • Unknown ownership = red flag demanding enhanced scrutiny. • A limited Temporary General License provides short-term relief. What Companies Must Do Now⚖️ • Strengthen KYB & UBO checks to capture hidden ownership. • Upgrade sanctions & AML screening tools for affiliate coverage. • Reassess supply chain exposure to high-risk jurisdictions. • Flag “ownership gaps” as compliance risks — not grey areas. • The era of zero-margin enforcement has begun. Question: Are we edging toward unmanageable compliance burdens?💬 Don’t forget to save this post for future reference! 🔖 Stay tuned and click on the 3 dots to save the post! 🎙️

🔍 Sanctions Screening in KYC & AML: A Non-Negotiable Compliance Pillar In an evolving regulatory landscape, sanctions screening has become one of the most critical components of effective KYC and AML frameworks. It not only ensures compliance but also helps institutions protect themselves from financial crime, reputational damage, and regulatory penalties. ✅ What Is Sanctions Screening? Sanctions screening is the process of checking customers, transactions, and counterparties against global and domestic watchlists issued by bodies such as: • OFAC (U.S.) • UN Security Council • EU Sanctions Lists • HM Treasury (UK) • FATF Guidelines ✅ Why It Matters in KYC & AML ✔ Prevents onboarding of sanctioned individuals/entities ✔ Identifies politically exposed persons (PEPs) & high-risk jurisdictions ✔ Stops prohibited transactions in real time ✔ Reduces regulatory and reputational risk ✔ Supports ongoing due diligence and monitoring ✅ Key Elements of an Effective Screening Program 🔸 Name & entity matching (including fuzzy matching) 🔸 PEP & RCA (Relatives and Close Associates) screening 🔸 Adverse media checks 🔸 Real-time transaction monitoring 🔸 Ongoing list updates and alerts 🔸 Escalation and disposition procedures ✅ The Bigger Impact With increasing global sanctions and tightening enforcement, financial institutions, fintechs, DNFBPs (Designated Non-Financial Businesses and Professions), and payment platforms must adopt robust technologies and governance to stay compliant. Sanctions screening isn’t just a regulatory obligation — it’s a global safeguard against financial crime. #sanction #OFAC #Screening #learnwithLuisa

Our expert panellists will be discussing ‘Combatting AML Amid the Complexity of Modern Sanctions’ at the AML Deep Dive 21 and 22 October. They’ll be tackling key questions such as: • How has the shift from country-based to goods-based sanctions impacted AML teams’ ability to detect and disrupt illicit activity in trade flows? • What are the key challenges firms face in screening for goods-based risks, such as dual-use codes, and how are controls evolving in response? • How are financial institutions managing the high volume of alerts generated from screening efforts, and what strategies are proving effective in reducing false positives without weakening detection? • In what ways can alignment with broader business functions improve decision-making around increasingly complex sanctions enforcement and accelerate escalation of high-risk activity? • To what extent are firms using technologies including artificial intelligence (AI) or machine learning (ML) to enhance sanctions detections through pattern and anomaly identification, and what results have been seen so far? Our panellists include: - Charles Abonnel, Managing Director, Group Financial Security US (GFS US), BNP Paribas - James Short, Managing Director, Head of FCRM & Enterprise Head of Sanctions and Screening, Scotiabank - Ruth Bailey, Managing Director, Global Head of Sanctions, Standard Chartered - Russell Thomas, Managing Director, Global Head of Business Financial Crime Risk, CIB COO, HSBC Find Out More: https://hubs.li/Q03MVgdv0 📍 AML Deep Dive & Annual Report 📆 A virtual event and annual report | 21 & 22 October 2025 🕐 13.00 - 16.00 BST | 08.00 - 11.00 ET

✍️ 𝗙𝗥𝗘𝗘 𝗗𝗮𝗶𝗹𝘆 𝗖𝗚𝗦𝗦 𝗤𝘂𝗶𝘇 – Test Your 𝗦𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲! 🚨 Sanctions compliance is no longer optional — it’s a global regulatory expectation. One weak control can lead to multi-million dollar fines, reputational damage, and loss of correspondent banking relationships. If you’re preparing for the 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁 (𝗖𝗚𝗦𝗦) exam — or you work in compliance and want to prove your expertise — these quizzes are your daily practice ground. 🔥 Each question is designed around real-world sanctions scenarios that test your ability to: ✔️ Detect 𝗲𝘃𝗮𝘀𝗶𝗼𝗻 𝗽𝗮𝘁𝘁𝗲𝗿𝗻𝘀 (dual-use goods, shell companies, shipping tricks) ✔️ Spot 𝗿𝗲𝗱 𝗳𝗹𝗮𝗴𝘀 in payments, trade finance, and customer onboarding ✔️ Apply 𝗴𝗹𝗼𝗯𝗮𝗹 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸𝘀 (OFAC, EU, UN, UK, FATF) with confidence 💡 𝗪𝗵𝗮𝘁’𝘀 𝗶𝗻 𝘁𝗼𝗱𝗮𝘆’𝘀 𝗾𝘂𝗶𝘇? ✅ Scenario-based CGSS questions built on high-risk cases ✅ Coverage of sanctions frameworks, screening, and due diligence ✅ Helps you strengthen knowledge gaps before the exam (or before regulators find them 👀) 👩💼 𝗪𝗵𝗼 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝘁𝘁𝗲𝗺𝗽𝘁 𝗶𝘁? 🔹 Compliance & Risk Professionals keeping up with global standards 🔹 AML & Sanctions Analysts working on screening and alert handling 🔹 Financial Crime Experts dealing with cross-border transactions 🔹 Auditors, Regulators & Consultants reviewing sanctions programs 👇 𝗗𝗿𝗼𝗽 𝘆𝗼𝘂𝗿 𝗮𝗻𝘀𝘄𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀! Show your knowledge, learn from others, and build your sanctions expertise 💪 #CGSS #Sanctions #Compliance #FinancialCrime #RiskManagement #ACAMS #AMLTraining #SanctionsCompliance #FinancialCrimePrevention #CGSSPrep https://lnkd.in/dWJeTe-F

Everyone talks about KYC… but 99% can’t explain who actually creates AML laws. 👀 If you’re getting ready for any compliance/ AML role — remember these global powerhouses that run the entire system: FATF, Basel, Egmont, UN, Wolfsberg & more. 👇 Let’s decode the real players behind global AML compliance. Here’s your quick power list 👇 🧩 1️⃣ FATF (Financial Action Task Force) • Sets 40 Recommendations — the global AML/CFT standards. • Conducts Mutual Evaluations of countries to check compliance. • Key focus: Customer Due Diligence, Beneficial Ownership, and Sanctions. 🏛️ 2️⃣ Basel Committee on Banking Supervision (BCBS) • Creates risk-based compliance standards for banks. • Promotes Know Your Customer (KYC) principles to reduce reputational and operational risk. 🌍 3️⃣ Egmont Group • A network of Financial Intelligence Units (FIUs) from over 160 jurisdictions. • Facilitates international cooperation and information exchange between FIUs. ⚖️ 4️⃣ United Nations (UN) & UN Sanctions • Implements UN Security Council Resolutions (UNSCRs) related to terrorism financing and proliferation. • Compliance with UN Sanctions Lists is mandatory under the UN Charter. 🏦 5️⃣ Wolfsberg Group • Association of 13 global banks developing industry best practices. • Known for the Wolfsberg AML Questionnaire and Correspondent Banking Principles. 💱 6️⃣ European Union (EU) AML Directives • Introduces directives like 4AMLD, 5AMLD, and 6AMLD to harmonize AML laws across EU countries. • Key addition: focus on Beneficial Ownership Registers and Virtual Assets. 📜 7️⃣ G20 & IMF / World Bank • Push for global coordination in anti-financial crime efforts. • Support developing countries to strengthen AML/CFT frameworks and supervision. ⸻ 💡 Pro tip for interviews: If you can explain how these frameworks connect together — FATF sets the global standard, Basel defines risk management, Egmont enables FIU coordination, and UN Sanctions enforce legal measures — you’ll stand out immediately. 🌟 ⸻ ✅ Save this post if you’re preparing for an Interview or exams! #AML #KYC #FinCrime #FATF #interview #fresher #EgmontGroup #BaselCommittee #UNSanctions #Compliance #CAMS #CDD #InterviewTips #FinancialCrime #RiskManagement #LinkedInLearning