Third-Party Sanctions Screening Agent
Screens suppliers and their beneficial owners against global sanctions, watchlists, and adverse media sources before onboarding and on an ongoing basis to prevent prohibited transactions.
Screening suppliers against sanctions lists, politically exposed persons registries, and adverse media is a regulatory requirement in most jurisdictions, but manual screening at onboarding is often a one-time check that is never repeated, even though sanctions lists and ownership structures change constantly, leaving organizations exposed to transacting with a supplier that becomes sanctioned or implicated in adverse media after initial approval
Manually screening beneficial ownership layers, which often requires tracing corporate structures through multiple jurisdictions, is especially time-consuming and frequently skipped for lower-tier suppliers despite carrying real compliance risk
This agent screens every supplier and identifiable beneficial owner against global sanctions lists, PEP registries, and adverse media at onboarding and on a recurring basis thereafter, automatically re-screening the full supplier base whenever watchlists update, and immediately flags and blocks transactions with any newly matched entity pending compliance review
The agent is triggered at new supplier onboarding and also runs on a recurring automated schedule against the full active supplier master. It queries global sanctions and watchlist databases (such as OFAC, UN, EU consolidated lists), PEP registries, and adverse media sources via API for each supplier and identifiable beneficial owner, using LLM-based entity resolution to handle name variations, transliterations, and corporate structure tracing across ownership layers. Matches are scored for confidence to reduce false positives from common names, and any confirmed or high-confidence match triggers an immediate transaction hold and routes the case to compliance for manual disposition before further business is conducted with that supplier.
Screen at Onboarding
- Screen new supplier legal entity name against global sanctions and watchlists
- Identify and screen beneficial owners and key executives
- Check PEP registries for politically exposed person matches
- Search adverse media sources for reputational risk indicators
Resolve and Score Matches
- Apply entity resolution to handle name variants and transliterations
- Trace corporate ownership structures across jurisdictions where available
- Score match confidence to filter out common-name false positives
- Classify matches by risk severity
Conduct Ongoing Re-Screening
- Re-screen the full active supplier base on a recurring schedule
- Trigger immediate re-screening when watchlists are updated
- Monitor adverse media sources continuously for existing suppliers
- Track screening history and status per supplier
Block and Escalate Confirmed Matches
- Place an immediate transaction hold on any confirmed or high-confidence match
- Route the case to compliance with full supporting evidence
- Notify procurement to pause active sourcing activity with the supplier
- Log final disposition and clearance or termination decision