Use Case Workflows
Transaction Counterparty Checks
Screen counterparties before high-risk transactions, payments, and trade movements.
Updated
Use this workflow when evaluating counterparties tied to specific transactions. It supports pre-transaction risk controls for sanctions and related exposure.
What this workflow covers
- Run pre-transaction sanctions and media-risk checks.
- Review ownership links for indirect exposure.
- Document transaction-level screening rationale.
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
Expert perspective
“Risk controls perform best when sanctions checks and ownership context are reviewed together.”
Questions
Frequently asked questions
When should transaction checks be triggered?
Typically before payment execution, shipment release, or high-risk contract events.
Can this support trade and payment workflows?
Yes. It is suitable for both trade operations and payment counterparty checks.
How is this different from onboarding checks?
Transaction checks are event-specific and can add context not present at onboarding.
Can results be attached to case files?
Yes. Output can be retained for case management and internal approval logs.
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