Module 7 – Sanctions & PEP Screening

What I Learned:

Module 7 clarified the difference between Sanctions Screening (a hard block against prohibited parties) and PEP Screening (triggering Enhanced Due Diligence for high-risk individuals). I learned that compliance requires continuous screening against global watchlists (UN, OFAC, local lists) and meticulous false positive management to ensure operational efficiency.

What I'm Achieving:

I am actively supporting the daily screening process, ensuring that our customer base and transaction counterparties are continuously checked. My focus is on accurate resolution of name matches, protecting YAP from both regulatory breaches and unnecessary customer friction.

Why It Matters:

Compliance with sanctions lists is a matter of national and international security. Failure to comply can result in massive fines and severe reputational damage. PEP screening protects YAP from being used to facilitate corruption and illicit fund flows.

How This is Preparing Me for a Real Career:

This module is building my expertise in a critical, high-stakes area of compliance. The ability to manage a robust screening program and understand the legal implications of global sanctions regimes is a specialized and valuable skill for any future compliance officer.

Inspiration for Others Coming Behind You:

Sanctions and PEP screening is your chance to contribute to global financial integrity. Be meticulous, understand the lists, and remember that your daily checks are a vital defense against corruption and terrorism financing.

2 comments