Watchlists

Watchlist screening checks names and data points against sanctions lists (like OFAC or UN), PEP registries, and criminal alerts. It is mandatory for regulated industries like banking, fintech, and crypto under AML laws.

Governments and international bodies maintain watchlists to prevent money laundering, terrorism financing, and financial crime. Common sources include OFAC, the EU, UN, and national enforcement agencies.

False positives are frequent due to name overlaps and inconsistent list formatting. Screening must be continuous, with real-time updates. Ensuring compliance across multiple jurisdictions with varying lists adds further complexity.