Sanctions list screening with KYCnow
Sanctions list check with KYCnow
Automated sanctions list screening: Minimize risks, avoid penalties and maintain full compliance control at all times with KYCnow.
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Check business partners for sanctions: avoid violations, minimize risks
Sanctions are more than just a legal obligation – they protect your company from serious consequences. Violating sanctions regulations can result in hefty fines, reputational damage, and even imprisonment.
The so-called indirect prohibition of provision This makes the exam even more complex.
With the stricter requirements imposed by the Sanctions Enforcement Act (SDG) And with the EU sanctions packages, the regulatory network is becoming ever tighter – and the demands on your risk management are ever increasing.
Do you know the ownership structures of your business partners?
Do you know if your importers, suppliers, or their owners are on a sanctions list?
Can you ensure that you are not indirectly supporting sanctioned individuals?
Without reliable sanctions list screening software, you risk overlooking important connections.
KYCnow helps you minimize risks – with up-to-date sanctions lists and detailed owner data.
Here's how to protect your business before damage occurs.
KYCnow at a glance
Sanctions list check
Check relevant sanctions against individuals and organizations daily against national and international sanctions lists.
International data and interconnectedness information
Get global data on 380 million companies and their ownership structures from 186 countries and 200+ jurisdictions.
Name Screening
Additionally, check any individuals appearing and beneficial owners against over 1.200 PEP and risk lists.
Check business partners for sanctions: Avoid violations, reduce risks
1. Identify relevant sanctions lists
There are many different sanctions lists maintained by various organizations and countries. Identify which ones are relevant to your business activities.
2. Check business partners against sanctions lists
This should be done not only when entering into a business relationship, but also regularly during the business relationship.
3. Update sanctions lists regularly
Sanctions lists are updated regularly. Make sure you are always working with the latest versions.
4. Document results
Record when which tests were carried out and what the result was.
5. Take action
If a business partner is on a sanctions list, appropriate measures must be taken. This can range from further investigations to terminating the business relationship.
6. Train employees
Ensure that all employees involved in sanctions list screening are properly trained and understand the importance and consequences of such screening.
KYCnow: Your software for sanctions list screening
Our checklist shows that sanctions list screening isn't something you can just do on the side. Constantly changing regulations lead to significant effort and additional costs. But there is another way:
With KYCnow, we offer a solution for the digital and automated checking of sanctions lists.
With our software, you can check your business partners and customers against over 1.200 warning lists and watchlists, as well as all relevant sanctions lists, with just a few clicks.
KYCnow always accesses the latest sanctions lists, ensuring you are always legally compliant. The collected data and audit results are stored securely on our platform in an audit-proof manner.
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