Bell Rock glossary
Sanctions Screening
Checking investors and counterparties against applicable sanctions lists to prevent prohibited dealings.
Sanctions screening is the process of checking investors, beneficial owners and counterparties against applicable sanctions lists; including those with effect in the Cayman Islands through the United Kingdom; to ensure the entity does not deal with designated persons or breach sanctions prohibitions. Effective screening, both at onboarding and on an ongoing basis, is an integral part of a Cayman entity's AML/CFT and financial-crime compliance framework.
Related guidance
Suspicious Activity Report · Proliferation Financing
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