Sanctions & PEP Screening
Catch prohibited customers before they become your problem
The Problem
Onboarding a sanctioned individual or a politically exposed person without enhanced due diligence is an AUSTRAC breach. Sanctions lists are updated daily — a customer who was clean last month may be sanctioned today. Manual screening cannot keep up.
Sanctions lists update daily — manual checks are always at risk of being stale
PEPs are not always obvious — without a database, identification is inconsistent
A missed sanction hit carries criminal liability — not just a fine
Why It Matters
Facilitating a transaction for a sanctioned party — even unknowingly — can carry criminal liability for your business and its officers. AUSTRAC and the Department of Foreign Affairs and Trade take sanctions breaches seriously. Automated, real-time screening is the only reliable defence.
How Verigo Solves It
Verigo screens every customer — individual and business — against global sanctions lists, PEP databases, and adverse media sources at onboarding and on an ongoing basis. Any change in status after onboarding triggers an automatic review alert.
How It Works
Customer submitted
Name, DOB, and jurisdiction submitted for screening.
Sanctions matched
Checked against OFAC, UN, EU, DFAT, UK HMT, and more.
PEP identified
Global PEP database check — includes family and associates.
Adverse media scanned
Open-source media screening for financial crime exposure.
Result actioned
Clear = approved. Hit = case created for MLRO review.
Ongoing monitoring
Alerts triggered if customer status changes post-onboarding.
Key Benefits
No sanctioned individual or entity transacts through your business undetected
PEP customers automatically escalated to enhanced due diligence — no manual triage
Post-onboarding alerts mean a customer who becomes sanctioned is caught immediately
Every screening result documented — full evidence trail for AUSTRAC on demand
False positive management built in — analysts resolve alerts with documented reasoning
Industry Examples
All customers screened at onboarding and on every transaction. Sanctioned individuals identified before funds move.
Sender and beneficiary screened on every transfer. High-risk corridor screening rules applied automatically.
Purchaser and vendor screened at matter inception. PEPs identified and EDD triggered before settlement.
Try Sanctions & PEP Screening free for 7 days
Screen every customer, every transaction, against every relevant list — automatically, every time.