Sanction Scanner

What it does

Sanction Scanner is an AI-powered AML and KYC compliance platform - providing sanctions screening, politically exposed persons (PEP) checks, adverse media screening, and KYC automation for financial services companies and regulated businesses. AI capabilities include AI entity resolution that matches screening subjects against watchlists despite name variations, transliterations, and aliases, ML adverse media screening that scans global news sources to identify negative stories about customers and counterparties, automated KYC orchestration that collects, verifies, and enriches customer identity information, intelligent false positive reduction that learns from compliance analyst decisions to reduce screening noise, and continuous monitoring that automatically re-screens customers when watchlist status changes.

Strengths

• Mid-market fintechs and regulated businesses use Sanction Scanner for systematic compliance - AI adverse media monitoring and automated KYC reducing manual compliance review burden.
• Large regulated organizations use Sanction Scanner for high-volume compliance screening - AI processing large customer populations automatically and continuous monitoring alerting to new risk developments.
• Fintech startups and SME businesses use Sanction Scanner for affordable AML compliance - AI screening enabling regulatory compliance without the cost of enterprise sanctions platforms.

Watch-outs

• LSEG World-Check and Dow Jones have more comprehensive risk databases: LSEG World-Check and Dow Jones Risk & Compliance have larger, more curated risk intelligence databases — organizations with complex global compliance requirements often prefer these more comprehensive data providers.
• AI screening still generates false positives requiring analyst review: Sanction Scanner's AI reduces false positives but cannot eliminate them — compliance teams must maintain analyst capacity for reviewing remaining alerts and conducting thorough investigations.
• Compliance requirements vary significantly by jurisdiction: AML and sanctions compliance regulations differ across jurisdictions — organizations operating globally must verify that Sanction Scanner's coverage and regulatory mapping meets requirements in each relevant market.

Pricing

Sanction Scanner from $199/month for basic screening. Growth pricing based on search volume. Enterprise pricing negotiated. Annual contracts.