Core sanctions regimes covered
10+
ScreenVeritAI coverage model
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.
Updated: 2026-02-20
What this workflow covers
- Run pre-transaction sanctions and media-risk checks.
- Review ownership links for indirect exposure.
- Document transaction-level screening rationale.
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
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.