AML Sanction List
AML Sanctions are of individuals, organizations and countries that have been identified by national and international authorities as being involved in criminal activities or supporting terrorism. These lists are used by financial institutions and other businesses to help identify and prevent transactions with individuals and entities that are subject to sanctions.
AML Sanctions Lists are compiled and maintained by government agencies such as the Office of Foreign Assets Control (OFAC) in the United States, the United Nations Security Council, The European Union, and other national and international agencies.
Starting at $ 0.10 / lead
Last Updated March 2023
Sample of AML Sanction List
What is the AML Sanctions List? How is it important for AML Compliance?
These lists are published by government and international authorities to combat illegal trade activities engaging sanctioned individuals, organizations, and countries. Firms are required to screen individuals, organizations, or governments against these lists as they may pose a high risk. Economic sanctions play a vital role in the efforts of AML regulators preventing financial crimes and breaching sanctions can attract hefty penalties.
AML sanctions lists are important for AML Compliance because they provide financial institutions with a tool to identify and prevent transactions with sanctioned entities, which ultimately helps to mitigate the risk of money laundering, terrorism funding, and other illicit activities. Financial institutions are legally required to screen their customers, transactions, and counterparts against AML sanctions list to ensure that they are not inadvertently conducting business with sanctioned entities.
It is important to note that sanctions can change frequently, with new individuals or entities added or removed based on changing circumstances. Therefore, it’s important for businesses to regularly update their compliance systems and stay informed of any changes to the AML sanctions lists in order to inadvertently avoid engaging in transactions that are punishable by law.
Disclaimer for the Sample Datasets- Please note that the above-shared dataset is displayed for representative purpose. The purchased dataset will contain variable fields subject to availability.
WE GUARANTEE 98% ACCURACY WITH TOP-QUALITY DATA.
Why is it important for businesses to have access to an AML sanctions list?
Businesses and financial institutions use the AML sanctions list to verify transaction details against sanctioned individuals or entities, reducing the risk of financial crimes such as money laundering and terrorist financing. Access to an updated AML sanctions list helps businesses comply with regulatory requirements, manage risks effectively, and make informed decisions. Some of the major industries that rely on the list are:
For Banks & Other Financial Institutions:
AML sanctions list helps banks and other financial institutions by providing them with a tool to identify individuals... who may pose a higher risk for financial crimes. By screening their customers against the AML sanctions list, banks can take extra precautions to ensure that they are not inadvertently facilitating illicit activities such as corruption, bribery, or terrorist financing. Read More
For the Betting Industry:
The AML list can be a valuable tool for the betting industry to help prevent financial crimes, comply with regulatory... requirements, and protect the integrity of the sports they offer. By using AML lists, the betting industry can conduct enhanced due diligence on customers who are AMLs or are associated with AMLs. This can involve additional background checks and monitoring of transactions to ensure that they are not being used for illicit purposes. Read More
For Payment & Insurance Companies:
In addition, the AML list can also help payment companies comply with regulatory requirements, such as Politically Exposed Person List... (PEP) and counter-terrorist financing (CTF) regulations. Whereas for insurance companies, by screening their customers against the PEP list, they can ensure that they are not providing coverage to high-risk individuals or entities that may be involved in such activities. Read More
For the Legal Industry:
The AML list can also help law firms comply with regulatory requirements, such as PEP and CTF regulations. They use the AML... list to screen their clients to identify any high-risk individuals or entities that may be involved in financial crimes or other illegal activities. By doing so, they can avoid potential reputational damage or legal liabilities that could result from being associated with such individuals or entities. Read More
For Investment & Crypto Companies:
Investment companies, such as asset management firms and private equity firms, may use the AML list to screen potential... investors and clients to identify any high-risk individuals or entities that may pose a threat to the integrity of their business. Similarly, for crypto companies by screening out potential AML risk individuals they can ensure that their platform is not being used for illegal activities and avoid regulatory penalties. Read More
For Real Estate Industry:
In the real estate industry, knowing whether a potential client is on the AML list can help real estate professionals identify... any potential risks associated with the transaction. For example, if a real estate agent is working with a AML who has been flagged as a high-risk individual, the agent may want to take additional steps to verify the source of the AML’s funds and ensure that the transaction is legitimate. Read More
What does an AML sanctions list consist of?
An AML sanctions list is a list of individuals, entities, organizations, and countries that are subject to financial sanctions. These sanctions are usually imposed by governments, regulatory bodies, or international organizations, and they are intended to prevent money laundering, terrorism financing, and other financial crimes. Sanctions lists may include names of known terrorists, criminals, or entities associated with prohibited activities or countries that are under political or economic sanctions. Financial institutions are required to screen their customers and transactions against these lists to prevent any business dealings with listed individuals or entities. The lists are frequently updated to reflect the latest developments and to keep pace with changing geopolitical situations.
It is important to note that sanctions lists are constantly changing, and new names are added or removed as situations change. Therefore, financial institutions must ensure that their sanctions screening systems are regularly updated with the latest information to ensure compliance with AML regulations. Failure to comply with AML sanctions screening requirements can result in significant fines and penalties, as well as reputational damage and loss of license to operate.
With our AML Sanctions List, you will receive the following data fields(*Subject to availability):
*First Name
*Passport Number
*Last Name
*Citizenship
*Date of Birth
*Date of Proscription
*Address
*Reason for listing
WHAT WE OFFER HERE?
At BizProspex we provide you with extensive details of individuals who have undergone PEP screening and are listed on the international sanctions list. For a better understanding, we share a free sample to get an insight of our project scope!
BizProspex- The experts on B2B Data Services!
Disclaimer for the Sample Datasets- Please note that the above-shared dataset is displayed for representative purpose. The purchased dataset will contain variable fields subject to availability.
Why should you purchase our AML sanctions list database?
Our list is regularly updated to ensure businesses have access to the most current information, helping them make informed decisions and stay ahead of potential risks. By using our AML Sanctions List, you can improve efficiency by reducing the time and resources required to manually compile and maintain their own list. At BizProspex, avoid negative publicity and get assistance with compliance with sanctions regulations.
Compliance with regulatory requirements
Many countries have laws and regulations that require financial institutions and other... businesses to screen their customers and transactions against sanctioned individuals and entities. By using our comprehensive AML Sanctions List, businesses can ensure that they are meeting their legal obligations. Read More
Access to up-to-date information
Sanctions lists are constantly changing as new sanctions are imposed and existing... sanctions are lifted. We assist you in this regard by providing regular updates to ensure that you have access to the most current information. Read More
Enhanced risk management
Screening against an AML Sanctions List is an effective way to mitigate the risk of money laundering, terrorist financing,... and other illegal activities. Using our AML sanctions database can help businesses identify high-risk individuals and entities and take appropriate action to manage these risks. Read More
Reputation management
Failure to comply with sanctions regulations can result in severe financial and reputational consequences.... Using our expert & trusted AML Sanctions List can help businesses avoid negative publicity and damage to their reputation. Read More
Improved efficiency
Manually compiling and maintaining a list of sanctioned individuals and entities can be time-consuming and error-prone.... Using our AML Sanctions List can help businesses save time and reduce the risk of errors. Read More
Flexible options
We provide an easy to use database that can integrate with existing systems and processes. We also provide customizable... options to fit the specific needs of the business, such as the ability to set different levels of risk thresholds, customize search criteria, and generate reports. Read More
Similar Database
Country Wise Sanctions List
| UK Sanctions List | Iran Sanctions List | UN Sanctions List |
| EU Sanctions List | Russia Sanctions List | US Sanctions List |
| Japan Sanctions List | OFAC Sanctions List | Venezuela Sanctions List |
| HMRC Sanctions List | SDN Sanctions List | UNSC Sanctions List |
| Syria Sanctions List | Israel Sanctions List | Ukraine Sanctions List |
Experience that defines BizProspex
BizProspex is a data solutions company that has been in the industry for 13 years and is still going strong. Over these years, BizProspex has worked with a wide range of clients from various industries including healthcare, finance, retail, and technology. The company has helped these clients to achieve their data-related goals and improve their business outcomes.
We specialize in providing AML & PEP sanction list services to our B2B clients, helping them to effectively manage risk and ensure compliance with regulations. Our experience in handling these services has allowed us to become global leaders in the data industry. With BizProspex, our clients can feel confident that they’re receiving the best possible service to achieve their compliance goals.
What do our experts have to say?
Our experts at BizProspex are skilled at curating AML & Global Sanctions Database for our B2B clients. Our data solutions company has a team of data experts who provide accurate and reliable data solutions to their clients using their knowledge and experience. We offer services such as data mining, data cleansing, data appending, data verification, and data enrichment.
Our goal is to provide high-quality data solutions that are accurate and reliable for their clients. With our AML & PEP sanction list services, we help our B2B clients to effectively manage risk and ensure compliance with regulations.
FAQ’s
What is an AML sanctions list?
An AML sanctions list is a list of individuals, entities, and countries that are subject to economic sanctions and restrictions imposed by governments or international organizations to combat money laundering, terrorist financing, and other financial crimes.
What are the consequences of non-compliance with sanctions regulations?
Non-compliance with sanctions regulations can result in severe financial and reputational consequences, as well as legal penalties. Businesses may face fines, sanctions, loss of licenses, and negative publicity, which can harm their reputation and bottom line.
When were your data lists last updated?
To guarantee the precision and dependability of our data, we conduct regular checks and updates, ensuring our clients receive the most up-to-date information possible in the market.
Is your accuracy guaranteed?
Our Bounce-Back Guarantee ensures that all the records we offer have a minimum accuracy rate of 98%. In the rare event that you experience a lower accuracy rate, you can reach out to our customer relations team, and we will provide you with new data at no additional cost to compensate for the discrepancy.
How often is the AML sanctions list updated?
An AML sanctions list is updated regularly, as new sanctions are imposed, and existing sanctions are lifted. The frequency of updates varies depending on the source of the list.
How can businesses use an AML sanctions list to enhance their due diligence efforts?
By screening their customers and transactions against an AML sanctions list, businesses can identify potential risks and take appropriate measures to prevent financial crimes. The AML sanctions list can provide additional information to support due diligence efforts, such as identifying high-risk individuals and entities.
How long does it take to get my AML sanctions list after I order it?
Upon receiving an order, we promptly retrieve new data for you, which typically takes less than 24 hours to process and make available for your use.
Is your data downloadable in Excel files?
Certainly, our data can be downloaded in various formats, including Excel files, .csv files, and .txt files.
Why Trust BizProspex?
There are a few of many reasons that companies of all sizes trust BizProspex to build databases for their campaigns. The quality of the data changes campaign outcomes. That is why customers trust BizProspex, the best-reviewed data solutions company.
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