Pranav Mohan Mohanlal’s 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

🔍 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

✍️ 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

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

Sanctions screening is more than just a list check Global sanctions regimes are expanding faster than ever. From the UN to the EU and OFAC, updates can occur overnight and missing one can mean severe financial and reputational damage. Effective AML compliance requires more than basic list matching. Financial institutions need dynamic monitoring, robust data quality, and a clear escalation process. In sanctions, “good enough” is never enough… https://lnkd.in/dG_nAEis

Day 10 — Sanctions Screening: The First Line of Defense Caption: Before any transaction clears, it must pass one crucial checkpoint — Sanctions Screening. This process ensures individuals, entities, or countries under international restrictions are not involved in financial activities. Failing to screen properly can lead to massive fines, frozen assets, or loss of banking licenses. 💡 With AI-driven sanctions screening, financial institutions can now process millions of names in seconds : with improved accuracy and fewer false positives. 🔍 Key Insights 1. What is Sanctions Screening? Checking customers and transactions against global watchlists (OFAC, UN, EU, etc.). 2. Why It’s Important: Prevents dealings with blacklisted entities. Protects institutions from compliance breaches and reputational damage. 3. How to Stay Effective: Use real-time screening tools. Keep watchlists continuously updated. Train employees on red flags and escalation processes. #AML #SanctionsScreening #Compliance #FinancialCrime #Pulsebridge #RiskManagement #Fintech #OFAC #KYC #AI

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

Lookback Lessons Day 3: When regulators order a sanctions lookback, it’s rarely because of a single missed hit. It’s because the institution has shown systemic weaknesses in how it detects, clears, and governs sanctions risk. These weaknesses often have a common pattern: 🧨 Screening logic isn’t calibrated to catch name variations, foreign language entries, or address matches. 🧨 Clearing practices are superficial, focused on exact-name matches instead of holistic analysis. 🧨 QC and investigations are misaligned, producing inconsistent decisions. 🧨 Board oversight is weak, and leadership isn’t asking the hard questions. An OFAC lookback doesn’t just measure your screening tool. It exposes how your entire sanctions program thinks, reacts, and drifts over time. When thresholds are set for convenience instead of risk, when investigators can bypass reviews without documentation, when governance is silent on critical controls, you don’t just have operational issues—you have a narrative that writes itself in a regulatory order. 💥 At ClearPath Compliance, we approach OFAC lookbacks as forensic exercises that map the disconnect between policy, process, and practice. The goal isn’t to clean up old transactions. It’s to surface the structural deficiencies before your regulator does. Don’t wait for your examiner to connect the dots for you. Own the narrative, don’t react to it. Because we’ve been there, we’ve done that, and we know exactly how fast it can escalate when you don’t. 📝 📩 Lets talk about it: info@clearpathcompliance.com #ChooseClearPath #OFAC #FAFO #Lookback #Sanctions #ExportControls

Both Whish Money and OMT are licensed and supervised in Lebanon as money-transfer/e-money providers. Neither company is currently designated by OFAC or the UN. In August 2025 both firms publicly denied rumors of impending U.S. sanctions Lebanon’s AML/CFT framework—Law No. 44/2015, BDL circulars (notably on KYC/AML), and the Special Investigation Commission (SIC) as the FIU—already gives authorities strong tools (licensing, on-site exams, freezing and STR regimes). Enforcement and updates to align with FATF Recommendation 16 (Travel Rule) revisions in 2025 are key next steps Law No. 44/2015 (AML/CFT). Sets out predicate offenses, customer due diligence (CDD), suspicious transaction reports (STRs), tipping-off prohibition, freezing powers, and SIC’s authority. Applies to financial institutions and DNFBPs, including MTCs SIC (Lebanon’s FIU). Receives/analyses STRs, can lift banking secrecy for AML/CFT purposes and order account freezes; conducts supervision and issues guidance (e.g., STR filing instructions). BDL Basic/Intermediate Circulars. Basic Circular 83 (and updates): core KYC/AML obligations on identification, monitoring, and internal controls across financial institutions. Sanctions risk for Lebanese MTCs is structural even when firms aren’t designated: it comes via counterparties, listed individuals, and evolving FATF/OFAC expectations. BDL and the SIC already have the legal tools; what matters now is tight, visible enforcement, swift transposition of FATF’s 2025 Travel Rule changes, and credible public communication so consumers and partners retain confidence in compliant operators like Whish and OMT.

💬 Take a look at our global expert interview on payment screening and the evolving regulatory landscape. A quick look at the current landscape and what everyone’s thinking when it comes to staying compliant from a sanctions perspective 🙌