PEP/Sanctions Check
Check for a candidate’s presence on blacklists or sanction lists.
Check for a candidate’s presence on blacklists or sanction lists.
Turnaround Time:
1 business day
Recommended for:
Financial & lending institutions, legal businesses, and more
Disclaimer: Report turnaround varies upon candidates' promptness in submitting documents.
Quickly verify candidates for potential financial crimes in just a few simple steps!
Step 1: Select what kind of checks to run.
Step 2: Send the request to the applicant.
Step 3: The applicant consents to the use of their data.
Step 4: The check runs automatically. Once finished, the results are automatically sent to you.
FAQs
What is a PEP/Sanctions Check?
A PEP/Sanctions Check is a screening process used to identify individuals or entities that are considered high-risk due to their political exposure or inclusion in international sanctions lists. It helps organizations comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
What is a Politically Exposed Person (PEP)?
A PEP is an individual who holds or has held a prominent public position, such as a government official, politician, military leader, or judge, as well as their close relatives and associates. PEPs are considered higher risk for involvement in corruption or bribery.
What is a sanctions list?
A sanctions list is a list published by governments or international organizations (e.g., the UN, EU, or OFAC) containing individuals, organizations, or countries subject to economic or legal restrictions due to involvement in terrorism, money laundering, human rights violations, or other illegal activities.
Why are PEP/Sanctions Checks important?
These checks are crucial for businesses to avoid dealing with high-risk individuals or entities that could expose them to legal, financial, or reputational damage. They help ensure compliance with AML, CTF, and international sanctions regulations.
Who needs to perform PEP/Sanctions Checks?
Financial institutions, insurance companies, law firms, real estate agencies, and other businesses that handle significant financial transactions or work with high-risk individuals must perform PEP/Sanctions Checks as part of their due diligence and regulatory compliance.
I'm interested. Do you offer a free trial?
You can sign up for a free trial via our Smile Checks Portal, or book a 30-minute call with us so we can assist you!