Politically Exposed Persons (PEPs) sit at the centre of AML risk. We break down who qualifies, why they require enhanced due-diligence, and how PEP screening typically integrates into the onboarding pipeline.
Full article coming soon.
Tailored demos, scoping, and integration questions — usually back to you within a business day.
Contact usThe worldwide financial environment has witnessed a notable transformation due to the surge in digital transactions and the swift expansion of fintech companies. This has led to a growing potential for money laundering activities, which pose a substantial risk to the global economy.
Most compliance teams test screening with perfect data. Regulators don't. Here's a 5‑step stress test for your engine: 1. The accent test Run José → Jose, Çakır → Cakir. Does your engine still match? 2. The fuzzy‑threshold trap Compare John Smith vs Jon Smith at 0.8 and 0.7. How many false positives? 3. The false‑positive baseline Pick 100 random alerts. Manually check them. If >30% are irrelevant — your team is drowning. 4. The name‑variant coverage Take one OFAC name with multiple spellings (Mohamed/Muhammad). Does your system catch all? 5. The audit artefact check Can you export a full audit trail for any alert in under 2 minutes? Bonus – the time machine test Run last month's transactions against today's sanctions list. Find anything new? That's your exposure. Found a gap? Book a 15‑min walkthrough– we'll show how Finchecker closes it.
A quick tour of the supervisory bodies that shape global AML expectations — FATF, the EBA, FinCEN, OFAC, and the FCA — and how their guidance trickles into operational controls at fintech and payment platforms.
