Sanctions screening
Checking customers, owners and payments against sanctions lists, and repeating the check whenever the lists change.
Sanctions obligations are strict: dealing with a designated person’s funds can be an offence regardless of intent. Firms screen at onboarding, on every list update and, for many businesses, on payments.
Crown Dependency and UK firms generally apply UK and UN designations; firms with EU or US exposure may need to apply those lists too.
Where the rules use it.
- UK Sanctions Regime (SAMLA 2018 / OFSI)The Sanctions and Anti-Money Laundering Act 2018 regulations and OFSI reporting, licensing and enforcement expectations.United Kingdom · 5 controls
- OFAC Sanctions Compliance ProgramThe five essential components of an effective sanctions compliance programme.United States · 5 controls
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls