Sanctions screening is the process of checking whether a person or organization appears on any sanctions lists. These lists are typically created by governments or international organizations and include the names of individuals and entities that have been designated as posing a risk to the interests of the country or organization that created the list. The purpose of sanctions screening is to prevent individuals and entities on these lists from engaging in certain activities, such as accessing financial systems or conducting business with certain organizations. It is typically used as a tool to help enforce economic sanctions and prevent money laundering and terrorist financing.
This page was last updated on January 2, 2023.