Automated PEP & Targeted Financial Sanctions (TFS) Screening
Screen prospects and clients against global PEP, RCA, and consolidated sanctions databases in milliseconds.
The Regulatory Challenge & Non-Compliance Penalties:
Onboarding Politically Exposed Persons (PEPs), their Relative and Close Associates (RCAs), or sanctioned individuals without applying Enhanced Due Diligence (EDD) creates extreme regulatory exposure under UAE federal law.
Penalty Risk: Onboarding sanctioned individuals or failing to perform mandatory PEP screening triggers severe administrative penalties starting at AED 100,000 per violation.
How It Works (The 4-Step Process)
- System Setup: We configure your screening workflows (web portal or API integration).
- List Calibration: We set exact and fuzzy match parameters to reduce false positives.
- Screening Execution: Every client name is screened instantly during the onboarding phase.
- Match Resolution: Our experts assist in investigating and clearing potential false matches.
Applicable Sectors & Alignment
- Target Sectors: Luxury Retailers, DPMS, Real Estate Developers, Law Firms, Crypto Exchanges, Banks.
- Regulatory Alignment: Cabinet Decision No. (74) of 2020 & International FATF Recommendations.
What We Deliver (Tangible Deliverables)
What We Deliver (Tangible Deliverables):
- Automated or managed screening against UN, OFAC, EU, UK, and UAE local lists.
- Politically Exposed Person (PEP) identification and risk categorizations.
- Advanced false-positive reduction algorithms to maintain sales velocity.
- Timestamped screening reports for every client profile.
- Tangible Asset Received: Screening Platform Access + Timestamped Audit Certificates for Client Files.
Service FAQ
Q: Are all PEPs automatically blocked from doing business with us?
A: No. Being a PEP is not a crime, but it requires senior management approval and Enhanced Due Diligence (EDD) before proceeding.