Sanctions and AML Screening
⚡ Quick Answer: All customers are screened against UK and international sanctions lists, PEP databases, and adverse media as part of our AML compliance. Screening is continuous — not just at onboarding.
What We Screen For
As a TCSP regulated by HMRC, we are required to screen all individuals and entities against:
- UK Sanctions List (HM Treasury)
- UN Sanctions List
- EU Sanctions List
- OFAC (US) Sanctions List
- Politically Exposed Persons (PEP) databases
- Adverse media and public records
When Screening Happens
Stage | What Happens |
|---|---|
Onboarding | All UBOs, PSCs, directors, and the company entity are screened before service activation |
Ongoing | Continuous automated re-screening against updated sanctions and watchlists |
Triggered review | Additional screening if there is a change in ownership, company structure, or risk indicators |
If a Match Is Found
- Our compliance team investigates to determine if it’s a true match or false positive
- If confirmed, we may suspend or terminate services
- Where required, we file a Suspicious Activity Report (SAR) with the National Crime Agency (NCA)
⚠️ Important: We are legally prohibited from informing you if a SAR has been filed (“tipping off” offence).
Common Questions
Will screening delay my account activation?
In most cases, no. Screening is automated and runs alongside document verification. Delays occur only if a potential match requires manual review.
What if I’m flagged as a false positive?
Our compliance team reviews all potential matches. If it’s a false positive, no action is taken and your account proceeds normally.
Are these checks done once or ongoing?
Ongoing. We continuously re-screen against updated lists.
Next: Service Activation & Ongoing Compliance →
Updated on: 28/03/2026