Sanctions Advice

All regulated businesses must consider their client demographic and the risks of breaching the sanctions regime through the transactions and work they undertake. Whilst anti-money laundering systems will assist in compliance, they will not on their own ensure that all sanctions risks are identified and mitigated.

There are a number of methods used to screen against sanctioned entities from manual searches against sanctions lists, the use of free or inexpensive internet screening tools to bespoke e-verification software.

Redwood can provide sanctions screening advice taking into account the size and scale of your business, the risk dynamic of your client base and products / services offered.