Watchlists are lists of people and entities (such as organizations, states, and countries) companies may want to monitor and screen against, such as Office of Foreign Assets Control (OFAC) sanctions lists, Specially Designated Nationals and Blocked Persons (SDN) lists, Politically Exposed Person (PEP) lists, and more. Monitoring these watchlists can help businesses enrich their understanding of users, deter, detect, and deny fraud, and perform ongoing KYC/AML monitoring without going through additional integration or procurement.
Frequently asked questions
What is watchlist screening?
Watchlist screening means monitoring databases that contain information about specific individuals or organizations that are suspect terrorists, money launderers, or fraudsters — usually before doing business with that individual or organization. Watchlists are maintained by agencies including the Department of Foreign Affairs and Trade (DFAT), OFAC, and the FBI.