Sanctions Screening for FinTech & Import-Export
What is Sanctions Screening?
Sanctions screening is the process of checking customers, transactions, counterparties, wallets and entities against lists of sanctioned individuals, organizations, jurisdictions and activities. It helps detect whether your business is inadvertently facilitating illicit flows, transactions tied to terrorism financing, or trade with prohibited regions. Effective sanctions screening uses up-to-date lists (OFAC, UN, EU, national regimes), name-matching logic, entity hierarchy scanning, wallet/address screening (for crypto), and ongoing monitoring rather than a one-time check.
Where to Find Sanctions Screening Solutions for FinTech Startups?
FinTech startups face high risk: rapid onboarding, cross-border payments, evolving regulatory expectations. Key vendors and features for fintechs include:
Cloud-native, API-first platforms that integrate with onboarding flows and transaction systems.
Real-time and batch screening modes with high accuracy and low false positives.
Crypto wallet/address screening capabilities for fintechs dealing in digital assets.
When selecting a solution, fintechs should evaluate: ease of integration, data currency (how quickly sanctions lists update), crypto asset support, entity ownership screening (KYB), cost structure, global coverage, and analytics for false positive reduction.
Top Sanctions Screening Services for Import-Export Companies
Import-export businesses often face sanctions risk due to global trade flows, sanctions on exporting countries, dual-use goods, and complex supply-chains. Platino Consulting’s services suit companies looking for:
Name-and-entity screening for suppliers, vendors, shippers across jurisdictions.
Adverse-media and PEP screening layered on top of sanctions lists.
Automated monthly or event-driven rescreening of business counterparties.
Audit-trail and reporting capabilities to demonstrate compliance to regulators or banks.
How Your Business Should Select and Implement Sanctions Screening
Define your risk profile: Does your business deal with payments, crypto, trade across sanctioned jurisdictions, high-risk partners?
Specify required features: Real-time screening, wallet/address support, ongoing monitoring, API integration, crypto support if needed.
Select vendor: Use demos, trial access, inquire on data coverage, false positive rates, crypto screening capability.
Embed into workflows: Screen at onboarding, periodic rescreening, triggered screening for high-risk events, transaction-level checks.
Document and train: Have written policies that define screening frequency, escalation thresholds, review processes, and staff training.
Review and update: Sanctions regimes and technology evolve, your screening program must likewise adapt.
At Platino Consulting, we specialise in helping fintechs, import-export firms, crypto businesses and payment platforms select, integrate and run sanctions-screening solutions that are both cost-effective and fully defensible. With our expert review and vendor-agnostic approach, your business can reduce regulatory risk, streamline onboarding, and protect your reputation.
