Check to see if the individual has ties to a known terrorist or drug trafficking organization. Watch lists available include-
MK List -MK Denial includes US and International Denied Parties, United Nations Security Council Embargoes, Commerce Dept. Denial List, and more. The list is dynamic in order to reduce risk and ensure the highest level of compliance. When a new entry is made in the denied parties list, your master list of customers will be screened and a report will be generated and automatically emailed to you. Our dynamic screening solution truly simplifies the process and enables you to focus on your business while ensuring compliance and reducing your risks.
OFAC – This database includes:
PLC (Palestinian Legislative Council List), Sanctions, SDN’s, Non-SDS (Specifically Designated Nationals and Blocked Persons)
As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called “Specially Designated Nationals” or “SDNs.” Their assets are blocked and U.S. persons are generally prohibited from dealing with them. Learn More
PEP – Politically Exposed Persons (PEPs). Guidance documents issued by federal regulatory agencies require that all financial institutions take reasonable steps to ensure they do not knowingly or unwittingly assist in hiding or moving the proceeds of corruption by Politically Exposed Persons (PEPs). The first step in complying with this directive is determining whether a customer or potential customer qualifies as a PEP as defined within the Bank Secrecy Act (BSA). If you determine the customer qualifies, the second step, which defines your course of action, is to assess the related risk. Learn More