AML & Compliance

What is watchlist screening?

The process of checking individuals, entities, and transactions against regulatory and law enforcement watchlists—including sanctions lists, terrorist financing lists, and most-wanted lists—to ensure compliance and prevent dealings with prohibited parties. Watchlist screening is conducted during onboarding, at the point of transaction, and on an ongoing basis through batch rescreening against updated lists.

How it works

Example: A fintech platform rescreens its entire customer base weekly against updated OFAC, EU, and UN sanctions lists. A new match surfaces for an existing customer whose business partner has been designated, triggering an immediate compliance review.