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AML Verification (PEP and Sanctions)
Real Estate
What the check is?
Identity screening against global databases to detect and prevent money laundering and financial crime, usually including PEPs, sanctions and adverse media.
What the value is?
Ensures candidates are not on global watchlists or PEP lists.
What does it check?
International sanctions registers, PEP databases and enforcement lists.
Why do you do it?
Helps meet AML and CTF requirements and reduces the risk of onboarding someone involved in fraud, terrorism financing or organised crime.
How often does it need to be checked?
At onboarding, with periodic re-checks (often annually) depending on risk profile and framework.
Is this industry specific? If yes, what industries?
Financial services and fintech; legal and accounting; real estate; gambling and wagering; digital currency exchanges.
Risk of not doing it?
You may employ someone barred from financial activity, leading to compliance failures and reputational harm.
