Core sanctions regimes covered
10+
ScreenVeritAI coverage model
Industry Workflows
Fintech and Payments Counterparty Screening
Support onboarding and transaction controls in fintech and payments environments.
Fintech and payments teams require fast, explainable compliance checks. This workflow supports onboarding, transaction, and monitoring controls for business counterparties.
Updated: 2026-02-20
What this workflow covers
- Screen counterparties before onboarding and payment events.
- Combine sanctions, ownership, and media-risk checks.
- Produce evidence for compliance and risk committees.
Key statistics
Key workflow dimensions
4 (Sanctions, PEP, Adverse Media, UBO)
ScreenVeritAI workflow model
Compliance glossary
Sanctions screening
A control process that checks a person or entity against sanctions and watchlist datasets.
PEP
Politically Exposed Person: an individual in a prominent public function requiring enhanced due diligence.
UBO
Ultimate Beneficial Owner: the natural person who ultimately owns or controls a legal entity.
Authoritative references
- OFAC Sanctions Lists
U.S. Department of the Treasury
- EU Financial Sanctions Database
European Commission
- UN Security Council Consolidated List
United Nations Security Council
Expert perspective
\"Risk controls perform best when sanctions checks and ownership context are reviewed together.\"
ScreenVeritAI Compliance Team, RegTech Research
Frequently asked questions
Is this suitable for high-volume fintech workflows?
Yes. The workflow is designed to support repeatable, operational screening.
Can this be used for merchant and partner checks?
Yes. It can be used for merchant, partner, and vendor due diligence.
Does this support ongoing monitoring?
Yes. Continuous re-screening can be applied to active counterparty portfolios.
Can this support audit-ready controls?
Yes. Evidence-backed outputs are suitable for compliance documentation.