sanctions.io provides a RESTful API and pre-built integrations for real-time screening against over 75 global sanctions and watchlists, including PEP and criminal databases, ensuring compliance with AML regulations. The platform's smart matching technology reduces false positives while maintaining a system uptime of 99.995%, enabling businesses to efficiently mitigate risks associated with financial crime.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations struggle to efficiently and accurately screen against global sanctions lists, politically exposed persons (PEP) data, and criminal watchlists, leading to potential compliance violations and increased risk of financial crime. Traditional screening methods can be slow, generate high false positives, and fail to address the complexities of name variations and transliteration issues.
Solution
sanctions.io offers a comprehensive suite of AML and sanctions screening solutions, including a RESTful API, batch screening capabilities, and a manual screening portal, to help businesses mitigate risks associated with financial crime and maintain compliance with AML regulations. The platform leverages AI and natural language processing (NLP) to provide smart matching technology that reduces false positives and ensures accurate screening across diverse name phenomena and transliteration challenges. sanctions.io's solutions are designed for seamless integration into any system environment, providing constantly updated, auditable watchlist data with a system uptime of 99.995%. The platform's extensive data coverage includes global sanctions lists from over 75 sources, a PEP database with over 1 million records, and criminal watchlists from Interpol and the FBI.
Target Audience
sanctions.io serves compliance teams across various sectors, including FinTechs, financial institutions, SaaS providers, InsurTechs, cryptocurrency firms, retail, manufacturing, gaming & gambling, professional services, real estate, and NGOs.
Features
- Real-time screening API with an average response time of ~350ms for event-driven sanctions and AML screenings
- Batch screening API for screening hundreds to thousands of individuals or entities simultaneously
- Manual screening portal for screening business partners or conducting batch screenings via Excel upload
- Continuous monitoring with real-time alerts and custom allow/deny-listing
- Smart matching technology using NLP and machine learning to address name variations, transliteration, nicknames, and spelling errors
- Global coverage of over 75 sanctions and watchlists, updated every 60 minutes
- PEP database covering over 1 million records, including family members and close associates
- Criminal watchlists including data from Interpol (Red Notices) and the FBI (Most Wanted)
- Pre-built connectors and apps for integration with SAP® and BigID®
- Adverse Media screening (Beta) against 60k+ global news sources with custom keywords