Regulated or not - why risk a prison sentence and a large fine for not sanction screening your clients & suppliers?
Our global AML Lite service helps keep you compliant. It's unlimited, cost and commitment free. Forever.
That's unique!
Our Guidance Note explains the legal position in the UK, which is now a strict liability offence following the rapid passage through UK parliament in March 2022 of the Economic Crime (Transparency and Enforcement) Act 2022, without needing to prove the offending individual had knowledge or reasonable cause to be in breach. The requirement for all persons, bodies corporate, and firms, in all UN member states, means all persons and all trades, not just regulated entities, must comply with sanctions, and accepted good practice is to batch screen all suppliers and customers every day.
A few words from a client that switched & upgraded to AML Pro:
"As a well-established firm of chartered accountants and registered auditors we partnered with Caresso Law to provide unlimited daily recursive sanction and watch list screening - something we found hard to match. Their service involves no tie in or pre-payment, is seamless, reliable and saved us around 70% on competitive solutions. They also guarantee to match any competitive offer, and reduce it by 50% for the life of the service!"
Source: PWH Accountancy
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Regulated or not, failure to screen for sanctions on an ongoing basis is a criminal offence.*
There is no defence, and sanctions screening applies to everyone - in all industries, regulated or not. You must screen all counterparties (Targets): clients, suppliers etc. And good practice is daily screening - the only way to ensure Targets are not the subject of sanctions, which can happen any day. This applies, in the very least, to all UN member states.
Our completely free email based service AML Lite is perfect for ad-hoc sanction, watchlist and PEP checks. Obviously you would need to re-check each Target daily to remain compliant with the law.
Automating this is by far the easiest option.
AML Pro, a system built in-house by Caresso Law, does this for you. You either upload a file of all your Targets, and a new file with any updates or additions, or input them online into our portal. If you use an online accounting system, you can connect that and we will pull all basic Target data into our portal automatically - keeping it updates every day for additions and changes.
Our AML screening is comprehensive, and we scan for PEP's (Politically Exposed Persons) as well as all known major international sanctions, screening and watchlists as part of the service. In other words, it covers all countries and territories around the World, and screens all major resources, not just the US and UK sanctions lists. See our full List.
AML Pro is aggressively priced at €12.50 per month (paid annually) or €25 per month (paid monthly) with unlimited number of checks - with the guarantee that we will price match and discount a further 50% off any competitive quote. The first trial week is free, with no credit card required - and you can cancel at any time, with absolutely no tie in, whatsoever.
Download thematic review - Sanction screening and the Law:
The gold standard in AML/CDD/CFT.
An unparalelled service
AML Light offers quick, subscription free basic AML Sanction, PEP, SIP & Watchlist data, whilst AML Pro provides it on a rubust, daily recursive basis for peace of mind.
Remain on guard and compliant.
Whilst mitigating cost
Staying compliant and fulfilling your regulatory obligations needn't be a headache. It also just got much simpler for businesses wishing to simply screen their pre-boarded client base.
Simple and effective compliance.
Let us power your business
Add, pause and review all clients (persons, corproate entities and partnerships) on a truly global basis, with useful daily insight email reports and online audit trails.
We're a global legal services brand with a AML screening service.
Caresso Law is a litigation funding and legal services brand that provides related support services to business around the world.
Our sanction screening business is part of our core systems, and offered as a value added service to our valued clients.
You may have never used Caresso Law litigation funding services before. And you may never need to do so. You can still take advantage of our highly subsidised sanction screening services.
Browse to our main Caresso Law, website for more information on our litigation funding and legal services.
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why upgrade to aml-pro?
Our service is probably the only full global sanction, watchlist, special interest and politically exposed person screening service that is completely unlimited and comes with a guaranteed 50% discount warranty for the life of your subscription.
We recursively screen all entries you create, or batch upload, into our secure system overnight for complete peace of mind, in line with good sanction screening recommendations from leading Government regulators.
We wont tie you in. Our service is based on a low cost monthly rolling fee that includes everything - and it's completely unlimited!
We check all major databases and information sources worldwide so that you don't have to.
The small print explained.
*Our full terms and conditions are available here. Failing to screen your clients, on an ongoing basis, in the UK is an offence under the The Sanctions and Anti-Money Laundering Act 2018 (amongst several other pieces of related legislation) and in the US the DOJ criminally investigates and prosecutes "wilful" violations of US sanctions. Similar legislation is in place in most other jurisdictions in the world.
AML Lite is a permanently free and unlimited global sanction checking service. By sending an email to [email protected] we will reply within 10 minutes to confirm if the entity being checked appears to have a 'hit', in other words matched against our global database of sanctions and watchlists. The reply will simply notify if there is a Saction or PEP 'hit'. It will not provide recursive daily screening like AML Pro. Whilst you may make an unlimited number of searches, we throttle throughput to avoid system overload.
AML Pro is also an unlimited global sanction checking service. It provides a dedicated login to our secure portal where you add / remove and edit entities and relevant filters that we recursively screen overnight, every night. There is no limit to the number of searches, or entities that you can screen, and it is designed for batch import (and export) as well as ad-hoc updates. The service is both simple and easy to use.
**AML Pro also includes KYC Pro, and gives you 10 free digital-ID checks, performed against compliant chip enabled e-passports, whereby we access and verify the human likeness of the passport photograph embedded on the chip for added security. Thereafter each check is charged at €1. KYC Pro is a new feature due to be rolled out in Q3 2023. We also provide volume scanning for financial institutions and other organisations requiring high-volume, inline, secure API access on request.
