️‍️ Embark on a comprehensive journey into the sanctions screening space, guided by insights from the Wolfsberg Group. This video explains the critical role that sanctions screening plays in financial institutions (FIs) as a control mechanism to detect, prevent and manage sanctions risk. Delve into the nuances of transaction and customer screening and understand their combined effectiveness in forming a robust control system against potential sanctions violations. Recognize the importance of tailoring a sanctions screening program to an FI's unique risk profile, considering factors such as jurisdiction, customer base, transaction volume and services offered.

For a deeper insight into the topic, we recommend the full article here: https://financialcrimeacademy.org/sanctions-screening-guidance/.

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