PEP & Watchlist Screening

During a customer screening, the person is ‘screened’ (‘x-ray’). In connection with our identity verification, the contact details are compared with PEP lists, watch lists, sanctions lists and blacklists in order to comply with the necessary regulations.

The abbreviation PEP stands for Politically Exposed Person and refers to persons who have a prominent and/or public function or are entrusted with such an office. As PEPs make decisions and have more opportunities than normal citizens to commit money laundering or acquire assets through embezzlement or bribery, they require increased due diligence. This is mandatory as part of due diligence checks (in accordance with the Money Laundering Act). Politically exposed persons are generally categorised as high-risk and are therefore recorded on so-called PEP lists, which are used to carry out an audit.

Our electronic identity verification (eIDV) helps you to comply with requirements relating to politically exposed persons. That's why our solution includes PEP and watchlist tools to help you comply with all international legislation.

A sanctions list (or embargo list) is an official list of persons, groups, organisations, companies, states/countries and economic goods that are subject to certain economic and/or legal restrictions.

Our electronic identity verification (eIDV) is able to check your data against national and international sanctions lists. You can find an overview of the sanctions lists that our solution can check here.

A watchlist is a list that contains the names of people, companies, objects, etc. to be monitored.

Our electronic identity verification (eIDV) includes watchlist tools to help you comply with all international legislation. These tools contain comprehensive sanctions lists (OFAC, UK, UN, EU) and restricted lists (blacklists). An overview of the watchlists that our solution can check can be found here.

A blacklist is a list of people or things that are excluded due to specific conditions. The opposite of this is the so-called whitelist. The terms are particularly common in the field of communication such as email and phone.