Why PEP & Sanction Screening is Important for your Business

Pep & Sanction screening ensures that the reputation, revenue, and capital of your business is protected and safe. Corruption is a trillion-dollar problem, and we have the solution.

Trillions of Reasons to Understand and Implement PEP Screening

With approximately $1 trillion in bribes issued every year, and the total amount of corruption being valued at $3.6 trillion, it’s in the best interest of every financial institution to prevent such crimes. PEP (Politically Exposed Person) screening is a policy aimed at hindering illegal activities like bribery and corruption and can often have an incredibly positive impact on fraud prevention and other illicit activities.

The Power of PEP Fraud Prevention

Politically Exposed Persons (PEPs) are high-risk customers with an above-average opportunity to acquire assets through illegal means, often in the shape of bribes or through money laundering. In screening these people, you are reducing your risk of financial exposure, and ensuring that you’re honoring AML (Anti-Money Laundering) compliance programs.

PEP & Sanction screening is essential to both international peace and the overall global security. Whether it helps prevent conflicts, support democracy, uphold national and international laws, or successfully protecting human rights, it is an integral part of the international efforts to combat money laundering, terrorism financing, and other monetary crimes.

Two people make a PEP & Sanction check

Sanction lists and the financial implications

Should you end up on a Sanctions List, such as the EU Sanctions List, you do become immediately subject to economic Sanctions. Such a list can include both entire countries and global entities or organizations, and lists are not exclusive to just individuals. It simply applies to anyone or anything that is engaged in, or suspected of, money laundering or terrorism financing activities.

Sanctions can include, but are not limited to; freezing of assets, travel bans (restrictions on admission), arms embargoes, limitations on investments, and restrictions on market access, trade and exports.

Why is PEP & Sanction Screening Important?

In sticking with the EU as an example, financial institutions must integrate an EU Sanctions search as part of their AML program when onboarding new customers in order to ensure compliance. Failure to comply may trigger financial penalties and criminal charges.

Transacting with customers who appear on PEPs and Sanctions lists naturally puts organizations at great risk, as non-compliance with watch list screening may expose your financial institution to steep regulatory fees. A failure to identify bad actors or their links to organized crime, in whatever capacity, may also lead to potential irreversible damage to your reputation. This can have devastating and almost immediate consequences.

Unfortunately, manually performing PEP & Sanction screenings for every new customer or client can be both time consuming and draining, especially as the lists change frequently. While best practices include the integration of high quality and trusted data sources, taking a risk-based approach to PEPs, and conducting ongoing monitoring of both individuals and entities, the best way to reduce risk and fraudulent activity is by relying on best-in-class technology platforms, like the ones we offer here at ZignSec.

Automated Checks are the Answer

Performing automated checks with a top-class screening tool reduces the risk of the manual process, eases the often-intense administrative burden, and helps firms deliver the compliance performance that the regulators require.

At ZignSec, we offer real-time access to multiple global PEP and Sanction lists. With vast geographical coverage and best-in-class service, we provide you with a robust and effective way to carry out an initial risk assessment. Our platform, which is 100% friction-free and takes a market centric approach to ensure that we deliver the best coverage, consolidates global PEP lists, government Sanction lists, anti-terrorism lists, CIA lists, and bespoke geographic lists. Last but not least, because you can query the results using our all-in-one REST API, staying compliant with evolving and ever-changing AML regulations has never been easier.

Let us show you what we can do

Contact us today at [email protected], or book a demo, to learn more about how you can protect yourself, your institution, and your customers with our friction-free PEP/Sanction screening and other KYC solutions.

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    Cookie Policy

    Effective date: January 1, 2020

    This notice explains ZignSec’s approach to cookies and other online data collection technologies.

    When you visit our websites, use our mobile apps, engage with our online ads or emails, we collect information, using technologies such as cookies, pixel tags (also called web beacons), browser analysis tools and server logs. Each of these technologies is explained below.

    1. How We Use Cookies

    We use cookies and other online data collection tools for several many different purposes.

    Strictly necessary cookies and tags are used by ZignSec to support the basic operations of our websites and apps. They enable core website functions, such as authentication, security, network management and accessibility. You may be able to disable these by changing your browser settings, but this may affect how the website functions.

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    In most cases, the choices you make are linked to your browser. If you use different browsers or different devices, you will need to set your preferences on each one. Even if you opt-out, you may still receive ads that are not customized for you, unrelated to your browser settings.

    Although our websites currently do not have a mechanism to recognize the various web browser Do Not Track signals, we do offer our customers choices to manage their cookie preferences as described in the previous section. To learn more about browser tracking signals and Do Not Track please visit

    Residents of some countries and states have additional privacy rights. Information on these rights is provided in the supplemental privacy notices posted in the Privacy Center.

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    4. Other Types of Online Data Collection

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    Pixel tags (also called web beacons) are tiny graphic images and small blocks of code placed on website pages, ads, or in emails that allow us to determine whether you have performed a specific action. When you access the pages or you open an email, the tag lets us know you have accessed the web page or opened the email. These tools allow us to measure response to our communications and improve our web pages and promotions.

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    Server logs record activities on our websites. Other types of logs collect similar information from our apps. These logs record information about the device you use to access our website, your operating system type, browser type, domain and other system settings, as well as the language your system uses and the country and time zone where your device is located. Our logs also record the IP address of the device you use to connect to the Internet. An IP address is a unique identifier that devices require to identify and communicate with each other on the Internet. We may also collect information about the website you were visiting before you came to ZignSec and the website you visit after you leave our site.