In a world where businesses are partnering with vendors and customers around the world, the need for simple and cost effective Sanctions and PEP screening platforms has become imperative. The team at sanctions.io is meeting this demand with their newly unveiled platform, which provides a simple, cost effective and easy to implement solution for AML/KYC compliance and business partner screening.
The new platform gives businesses an opportunity to get to know their business partners with full transparency in regards of legal Sanctions lists and PEP screening requirements.
“Business partner risks become increasingly important to monitor as vendors, customers, etc., are distributed across the globe,” said Jens Kettler, one of the founders of sanctions.io. “Sanctions on individuals and organizations along with complex KYC regulations become even more important tools for governments, and failure to comply is very costly.”
AML (anti-money laundering) and KYC (Know Your Customer) regulations are designed to prevent/reduce money laundering, terrorist financing and general crime … such as narcotics trafficking. Failure to comply with these regulations have serious consequences with high fines and penalties and even prison sentences.
Most screening platforms are designed for larger corporations from the financial industry and have high price tags, but sanctions.io is made also wioth small to medium sized business outside the financial industry in mind. SMBs typically face this complicated area with a lack of knowledge and resources, but sanctions.io provides a proven, effective solution.
Their platform provides sanction list screening and screening against their high quality and manually sourced database of politically exposed persons (PEPs) through their state of the art RESTful API. sanctions.io makes it easy for businesses to screen business partners in their own databases or systems such as SAP and Salesforce with their pre-built integrations.
“We are enabling in particular smaller organizations or companies in unregulated industries to apply professional KYC/AML and business partner screening processes in a very simple solution at an affordable price point,” said the team at sanctions.io.
Sanctions.io offers a great bottom line for clients but also lets them get started with a free trial to see what the platform can do for them. In addition, a free search option is available at the company’s website. From startups to large companies in various industries, businesses aiming to remain compliant with global Sanctions and KYC regulations, sanctions.io is a fast, effective way to reach their goals.
More information can be found at https://sanctions.io/.
sanctions.io is a simple and cost-effective platform for AML, KYC, and business partner screening processes.