All terms Glossary
Sanctions Screening
Checking a client’s name against local and international sanctions and watchlists to confirm they aren’t a designated or restricted party.
Sanctions screening means checking a client’s name against local and international sanctions and watchlists, confirming they aren’t a designated party under a sanctions regime before you do business with them.
This runs alongside PEP screening as part of standard due diligence. Under South Africa’s targeted financial sanctions rules, a match isn’t just a compliance note: it can trigger a freeze obligation and a mandatory report to the FIC within a short statutory window.
See it in practice, not just in theory.
Read how Lucere handles this on features, check the FAQ for common questions, or get started.
Related terms
PEP (Politically Exposed Person)Someone who holds, or has held, a prominent public position, or is closely related to someone who does, and therefore carries a higher risk profile requiring enhanced due diligence.
STR (Suspicious Transaction Report)A report an accountable institution is legally required to file with the FIC when it has reasonable grounds to suspect a transaction is connected to money laundering or terror financing.
AML (Anti-Money Laundering)The broad set of laws, regulations, and processes designed to prevent criminals from disguising illegally obtained funds as legitimate income.