The Onbora risk radar: Screening PEP and Sanctions.
In an unstable geopolitical world, compliance does not stop at onboarding. Identifying a Politically Exposed Person (PEP) or detecting an individual under international sanctions is a daily due diligence obligation. Onbora automates this complex screening to protect your reputation and legal liability.
Global coverage, updated in real time.
Onbora instantly queries the most critical databases to help you eliminate doubt:
Politically Exposed Persons (PEP)
Identification of elected officials, senior civil servants, magistrates and their close circle (RCA) to prevent corruption risks.
Sanction lists
EU, OFAC (USA), UN, HM Treasury (UK) and national lists
Negative press
Detection of news articles and judicial investigations related to financial crime.
Instant screening on demand
Onbora performs the verification of your third parties instantly when opening the file or during your periodic reassessments. You control the history and launch your scans with one click, thus maintaining total control over your compliance schedule.
Optimised alert management
Our screening interface is designed to facilitate the elimination of doubt. By organising results by relevance level, Onbora helps you quickly address matches (namesakes) and archive your compliance decisions in just a few clicks.
Reliable audit trail
Each scan performed is recorded and timestamped in your history, providing proof of due diligence during your regulators' checks.
Prove your constant vigilance: each automatic scan is recorded in your audit trail, providing irrefutable proof of due diligence during your regulatory checks.
Top-tier functions (senior executives)
This is the heart of PEP detection. We facilitate the identification of individuals holding positions of power or major influence within a state or international institution.
Family circle and close associates
This is the risk area by association. Regulatory texts impose vigilance on the immediate entourage of PEPs.
Negative press
Crucial information is sometimes only present in the media before appearing on a sanctions list.
High-risk jurisdictions (Black/Gray Lists)
Risk is also geographical. Dealing with a client residing in a non-cooperative jurisdiction requires enhanced vigilance.
A rigorous third-party verification protocol.
Understanding the stakes of screening
The detection of politically exposed persons and sanctions is one of the most delicate aspects of compliance. We address the essential questions to help you navigate these complex obligations.
What exactly is a Politically Exposed Person (PEP)?
A PEP is an individual who holds, or has held, a prominent public function (Head of State, minister, member of parliament, senior judge, etc.). Due to their position, these individuals present a risk profile that requires increased vigilance on your part.
Does Onbora save time on screening results
Absolutely. Rather than navigating multiple official sites, Onbora centralises the necessary information to identify name matches. You can directly access the details of the sanction notice (date of birth, aliases, reasons) to document your files without wasting time.
How long does a person remain a PEP?
Regulations generally provide that a person retains their PEP status for at least 12 months after they have ceased to hold public office. Onbora allows you to record these statuses and reassess your files at the due date.
Should I refuse a client if they are identified as a PEP?
Absolutely not. Being a PEP simply means that you need to apply enhanced due diligence measures: document the source of wealth and obtain approval from your management to establish a relationship.What sanction lists does the system consult?
Onbora queries the most critical lists globally: the UN lists, the European Union lists, the OFAC (United States), HM Treasury (United Kingdom) as well as applicable national asset freezes.
How can I prove my screening in the event of a regulator audit?
For each file, Onbora generates a timestamped screening report. This document proves that you have carried out the required verification. It is your audit trail to present to the regulatory authorities.
Monitor the invisible. Master the risk.
Do not take the risk of a lapse in vigilance. Let the Onbora screening engine support your firm on a daily basis.