Sanctions & Persons of Interest Screening

Integrated, Automated & Cost Effective

Skypiom’s Sanctions & Persons of Interest Screening functionality scans international sanction lists, persons of interest – including politically exposed persons (PEPs) – adverse media and custom keywords through a fully integrated and automated environment.

The functionality fuses compliance mandates with Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Know Your Customer (KYC) requirements.

Deploy the screening functionality together with Skypiom Compliance or as a standalone solution.

Screening may be conducted on a single (manual) or continuous (automated) basis.

Screen subjects, such as employees, contractors, clients and vendors, during onboarding or when transactions are conducted.

Automatically screen each previously screened subject when a sanction list is updated - commonly referred to as 'delta screening'.

Screening frequency may be adjusted. Subjects may also be grouped and screened at different intervals.

All screening results are saved and may be recalled at any time. Also, a record for each completed screening is retained for regulatory purposes.

Automate screening report delivery. Additionally, detailed screening summaries can be sent to administrators.

Databases and coverage are checked daily.

Sanction scanning report: sanction lists

Sanction scanning report: detail continued

Automatic Alerts

Administrators are immediately notified when a match or false positive is detected.

Built-in Management Tool

Review matches and classify as 'in-progress', 'false positive' or 'confirmed positive'.

Online / Offline

View screening results online in real-time or download results for offline viewing / printing.

Benefits & Differentiators

Integrate existing systems, such as a Customer Relationship Management (CRM) or Vendor Management System, via API and / or webhooks, to automate the screening process.

Automatically attach results to existing entities on other systems. For example, automatically attach a PDF screening report to a client in a CRM.

Configure screening to run on automated schedules, or via manual screening.

Automatic de-duplication: results are presented from multiple sources in a merged report

Standard & custom reporting: leverage standard screening reports or create custom reports.

Confirmed positive matches and safelisted false positives are not continuously flagged unless there is a change in the sanction lists affecting the positive match or false positive subjects.

Workflow Example:

Screening takes place automatically as defined by the integration parameters, specifically regarding target audience and screening frequency.

Should no match be detected then monthly screening reports are automatically sent to the administrators and include data on scan history and all targeted financial sanction lists screened.

Upon detecting a match, the administrator is notified together with a detailed report on the subject. The administrator must now review the matched subject and decide whether the subject is a genuine positive match or a false positive.

A positive match must either be reported to the Regulator or in the case of a Politically Exposed Person (PEP), safelisted and thereafter adequately addressed (e.g. screening the PEP's source of funds and conducting regular customer due diligence reviews).

A false positive match, after having been reviewed by the administrator, may be safelisted.

A confirmed positive match, a safelisted positive match (for example a PEP) or a confirmed false positive match will not flag again unless there is a change in the sanction lists affecting the confirmed and false positive subjects. The subjects will continue to be screened, which is referred to as delta screening.

Screening Data

Data sources screened by Skypiom Compliance comprise de-duplicated, global lists of numerous government, inter-governmental and NGO intelligence data bases, which are updated on a daily basis.

Adverse Media & Keyword Screening

Skypiom Compliance includes adverse media and custom keyword screening capabilities, which incorporate publicly available information about entities including customers and vendors.