Sanctions Screening

As part of our screening options, Credas runs checks against global sanctions lists to help you identify whether an individual or organisation is subject to restrictions imposed by governments or international bodies. The sanctions check includes current and former sanctions. 

• If you wish to run a sanctions screening on an individual, you can either run a manual check on them here, or you can issue the individual a journey that includes sanctions by following the steps here.
• If you wish to identify if a company has sanctions, you can obtain a KYB report by following the steps here.

What are sanctions?

Sanctions are measures put in place by governments or international organisations (such as the UK Government, United Nations, EU, or OFAC) to:

• Combat terrorism and organised crime;
• Prevent money laundering;
• Restrict business dealings with high-risk individuals, groups or states;
• Protect national and international security. 

Sanctions may include freezing of assets, travel bans and restrictions on providing financial services or entering into contracts.

Sanctions using Credas 

What datasets are used for sanctions screening? 

Sanctions screening searches the latest official international sanctions list daily including:

• UK (HM Treasury) including OFSI;
• UN (Security Council);
• EU Sanctions list;
• US (Department of State);
• US (OFAC);
• Global sanction bodies;
• Global financial bodies. 

What information does Credas provide? 

Information you may see provided includes:

• First name
• Last name
• Aliases
• Name variants
• Date of birth
• Gender
• Nationality
• Associated address
• Place of birth
• Sanction ID
• Regime body
• Regime name
• Date added

The original URL source link will also be presented to assist in your remediation, and if the URL is no longer active, the file of the information will still be accessible presenting you with the same information. 

What happens if a possible match for sanctions has been flagged ?

If possible matches are identified to the individual in question, these will be presented to you, as can be seen below and you will need to manually review the information and identify if it is the individual in question. We recommend reviewing the full report, original URL source/the PDF evidence to help you with your remediation in identifying if the possible match is the individual in question. You can understand your report further here.

Credas+

If you are using Credas+, our trained back office team will remediate possible matches for you (for PEPs & Sanctions*). This means you will either be presented with a match or no match. In the case you are presented with a match, please refer to your internal compliance policies. You can understand your report further here.

*Credas+ does not include remediation of possible matches for law enforcement, adverse media, profiles of interest or disqualified director flags.

Got any questions? 

If you have any questions please reach out to the Credas support team by contacting us here

We are committed to continually improving our support resources for you. We would greatly appreciate your feedback on this article to help us enhance your experience.