About
Sanction Scanner is a comprehensive AML compliance software suite designed for banks, fintechs, crypto exchanges, payment providers, and other regulated financial entities. Its flagship unified platform, Fusion, brings together AML screening, transaction monitoring, transaction screening, fraud detection, ongoing monitoring, and customer risk assessment into a single cohesive system. The platform performs real-time name screening against 200+ country sanction and watchlists, politically exposed persons (PEP) databases, and adverse media sources. For businesses, its Know Your Business (KYB) module verifies companies and identifies Ultimate Beneficial Owners (UBOs). Risk-based customer scoring is applied during onboarding to streamline compliance decisions. On the transaction side, Sanction Scanner provides automated sender/receiver checks via API and real-time anomaly detection to flag suspicious activity. An AI-powered fraud detection engine further reduces false positives and accelerates case resolution. Daily automated re-screening ensures ongoing portfolio compliance without manual effort. Built with developers in mind, the platform offers robust API documentation, SDKs, Webhooks, and a Postman collection for seamless integration. Role-based access supports compliance officers, financial crime analysts, and executive stakeholders with tailored dashboards and audit trails. Sanction Scanner holds ISO and SOC2 certifications, ensuring enterprise-grade security and regulatory trustworthiness.
Key Features
- Unified AML Platform (Fusion): Combines AML screening, transaction monitoring, fraud detection, and risk assessment into one integrated platform for end-to-end compliance management.
- Global Sanctions & PEP Screening: Screens individuals and entities against 200+ country sanction lists, PEP databases, and adverse media sources in real time.
- Transaction Monitoring & Screening: Performs automated real-time surveillance of transactions and sender/receiver checks via API to detect anomalies and suspicious activity.
- AI-Powered Fraud Detection: Uses machine learning models to identify fraudulent activity in real time, significantly reducing false positives and investigation workload.
- Know Your Business (KYB) & Customer Risk Assessment: Verifies business entities, identifies UBOs, and applies risk-based scoring during customer onboarding to ensure regulatory compliance.
Use Cases
- A neobank automates customer onboarding by running real-time sanctions and PEP screening on all new applicants, reducing manual review time and compliance risk.
- A crypto exchange uses Sanction Scanner's transaction screening API to check wallet addresses and sender/receiver identities against global watchlists for Travel Rule compliance.
- A payments processor integrates the transaction monitoring module to detect anomalous transaction patterns and flag potential money laundering activity in high-volume flows.
- A compliance officer at a regional bank uses the ongoing monitoring feature to automatically re-screen the entire customer portfolio daily, ensuring no newly sanctioned individuals are missed.
- A fintech startup leverages Sanction Scanner's KYB module to verify business clients and identify Ultimate Beneficial Owners during onboarding, satisfying regulatory due diligence requirements.
Pros
- Comprehensive AML Coverage: Covers the full compliance lifecycle — from customer onboarding and KYB to ongoing transaction monitoring and fraud detection — in one platform.
- Developer-Friendly Integration: Offers robust API docs, SDKs, Webhooks, and Postman collections, making it straightforward to integrate into existing fintech and banking infrastructures.
- High Accuracy with AI: AI-powered screening and anomaly detection reduce false positives (demonstrated by a case study showing 70% reduction for a neobank), saving analyst time.
- Enterprise Security & Certifications: Holds ISO and SOC2 certifications, offering financial institutions the security assurances needed for regulatory and internal audit requirements.
Cons
- Enterprise Pricing Model: Pricing is not publicly listed and requires a demo request, making it less accessible for small businesses or early-stage startups with tight budgets.
- Complexity for Smaller Teams: The broad feature set and multiple modules may introduce a steep learning curve for compliance teams without dedicated technical or operational resources.
- Primarily B2B Focused: Designed for regulated financial institutions; not suitable for individual developers or non-financial businesses seeking lightweight screening tools.
Frequently Asked Questions
What is Sanction Scanner used for?
Sanction Scanner is used by financial institutions to automate AML compliance, including customer screening against sanctions and PEP lists, transaction monitoring, fraud detection, and adverse media screening.
Which industries does Sanction Scanner serve?
It serves banking and neobanks, payments and e-money providers, fintechs, crypto and digital asset platforms, insurance companies, investment and wealth managers, and lending and leasing firms.
Does Sanction Scanner offer an API?
Yes, Sanction Scanner provides a comprehensive API with full documentation, SDKs, Webhooks, and a Postman collection to enable seamless integration into existing systems.
What is the Fusion platform?
Fusion is Sanction Scanner's unified AML platform that consolidates screening, transaction monitoring, risk assessment, and fraud detection into a single interface for streamlined compliance management.
Is Sanction Scanner compliant with international security standards?
Yes, Sanction Scanner holds ISO and SOC2 certifications, ensuring it meets rigorous security, availability, and data protection standards required by regulated financial institutions.
