Core sanctions regimes covered
10+
ScreenVeritAI coverage model
Use Case Workflows
Supplier and Vendor Due Diligence
Reduce procurement and third-party risk before signing or renewing supplier contracts.
Use this workflow for supplier qualification, vendor onboarding, and contract renewals. It helps teams identify sanctions, reputational, and ownership risk before exposure increases.
Updated: 2026-02-20
What this workflow covers
- Screen suppliers against sanctions and enforcement datasets.
- Review ownership and control chains for hidden exposure.
- Support procurement approvals with auditable evidence.
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
Why run sanctions checks on suppliers?
Supplier sanctions exposure can create legal, operational, and financial risk across your supply chain.
Should vendor checks be repeated?
Yes. Re-screening on renewal cycles and risk triggers improves ongoing risk control.
Can this support procurement governance?
Yes. The workflow produces a consistent evidence package for procurement and compliance review.
Does this cover indirect ownership risk?
Yes. Ownership mapping helps surface indirect control and related-party exposure.