Glossary
Sanctions screening
Sanctions screening compares customers, beneficial owners, counterparties and payment details against sanctions lists, such as the UN Consolidated List and national lists, before onboarding, before transactions and whenever a list changes.
Why it matters for brokers and payment firms
In the UAE, firms must screen against the UN and local lists and act without delay on a match. A near-miss on a funding counterparty should be recorded even when cleared.