Sanctions Screening: Practices for Effective Compliance.

This podcast episode outlines best practices for sanctions screening in regulated industries. Key stages discussed include screening during customer registration and information updates, as well as continuous monitoring. Effective processes involve using automated tools with up-to-date sanctions lists and robust escalation procedures for potential matches. Maintaining thorough records of alerts and their resolution is crucial for regulatory compliance and internal review. The episode emphasises that sanctions screening is an ongoing process, not a single event.

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