USE CASE WORKFLOWS · GUIDEUPDATED 2026-03-04
Use Case Workflows
Transaction Counterparty Checks
Screen counterparties before high-risk transactions, payments, and trade movements.
Use this workflow when evaluating counterparties tied to specific transactions. It supports pre-transaction risk controls for sanctions and related exposure.
§01What this workflow covers
SCOPE- Run pre-transaction sanctions and media-risk checks.
- Review ownership links for indirect exposure.
- Document transaction-level screening rationale.
§02Key statistics
DATA- Sanctions jurisdictions covered
- OFAC, EU, UN, UK & more
- ScreenVeritAI coverage model
- Key workflow dimensions
- 5 (Sanctions, Criminal Watchlists, PEP, Adverse Media, UBO)
- ScreenVeritAI workflow model
§03Compliance glossary
TERMS- 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.
§04Authoritative references
SOURCES- 01OFAC Sanctions Lists
U.S. Department of the Treasury
- 02EU Financial Sanctions Database
European Commission
- 03UN Security Council Consolidated List
United Nations Security Council
- 04FATF Guidance on Beneficial Ownership and Transparency
Financial Action Task Force
§05Expert perspective
NOTE“Risk controls perform best when sanctions checks and ownership context are reviewed together.”
§06Frequently asked questions
Q&A- 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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