Core sanctions regimes covered
10+
ScreenVeritAI coverage model
Use Case Workflows
Third-Party Risk Screening
Apply a consistent control framework across contractors, service providers, and strategic partners.
Use this workflow when screening non-customer third parties involved in operations. It helps teams apply one standard for sanctions, ownership, and media-risk checks.
Updated: 2026-02-20
What this workflow covers
- Standardize third-party due diligence with one workflow.
- Prioritize high-risk relationships for deeper review.
- Support risk committee and audit documentation needs.
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
Who counts as a third party in this workflow?
Contractors, vendors, advisors, agents, and strategic partners can all be screened as third parties.
Can this support risk-tiering?
Yes. Results can be used to classify third parties by risk and trigger enhanced review.
How does this help internal audit?
It creates consistent, source-backed records for testing control design and control operation.
Can this be used across departments?
Yes. Legal, procurement, compliance, and risk teams can use one shared evidence model.