Global Screenings has published a new guide to sanctions and politically exposed person screening in third-party due diligence.
The publication explains how screening can identify regulatory and integrity risks while emphasizing that a possible name match requires identity review and contextual assessment.
Screen More Than the Contracting Name
Depending on the relationship, the scope may include legal entities, trading names, directors, shareholders, beneficial owners and relevant representatives or banks.
Ownership and Control
A company may not appear by name while ownership or control by a listed party creates additional risk under an applicable sanctions framework.
PEP Status Requires Context
A PEP is associated with a prominent public function. The status is not proof of corruption, but it may require additional understanding, approval or monitoring.
Possible Matches Need Resolution
Names, aliases, dates, nationalities, addresses, company numbers and associated entities should be compared before a result is classified.
Ongoing Review
Sanctions lists, public positions and ownership can change. Long-term or higher-risk third parties may need periodic or event-driven rescreening.
Read Sanctions and PEP Screening in Third-Party Due Diligence.
Global Screenings supports relevant Global Database Searches and third-party screening assignments.
