Detect sanctioned vendors and financial institutions earlier, reduce compliance risk, and keep a defensible audit trail within your existing P2P workflows.
Sanctions screening is the process of checking companies, individuals, and financial institutions against official sanctions lists to identify restricted entities.
These lists are issued by global authorities such as:
The objective of sanctions screening is to ensure that organizations do not conduct business with sanctioned or high-risk entities.
Real time sanctions screening automatically verifies entities at onboarding and continuously monitors into ERP Systems and before each payment, ensuring risks are detected before funds are transferred.
Unlike periodic checks, real time sanctions screening:
Manual processes are time-consuming and prone to human error, making it difficult to scale sanctions screening across large vendor bases. They often rely on periodic checks, which increases the risk of missing newly sanctioned entities. In contrast, automated and real time sanctions screening allows organizations to screen continuously, detect risks instantly, and ensure consistent results across all vendors and payments.
By replacing manual efforts with automation, companies can significantly improve the accuracy and efficiency of their sanctions screening process while strengthening their overall compliance framework.
Trustpair screens against 80+ sanctions lists and allows clients to customize their coverage.
Trustpair performs real time sanctions screening at every key stage of the payment lifecycle.
Trustpair enhances sanctions screening with intelligent matching capabilities.
"Thanks to Trustpair, we've made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we've appreciated the support and transparency."
"With Trustpair's verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: There is no longer any risk."
"We've gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed."
"Trustpair protects all the payment chain, reassures employees of their responsibility and makes the managers aware of the risks."
"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term"
"I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible."
"The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details."
"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."
"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."
"Trustpair effectively validates bank account ownership for vendors requesting bank changes, which aids in fraud prevention. I also appreciate the coverage that Trustpair provides."
"What we value most about Trustpair is its ease of use and ability to provide clear risk insights. It enables us to focus on critical areas, streamline fraud prevention, and maintain compliance worldwide. The platform’s global reach and integration capabilities make it an essential part of our financial security strategy."
"An easy-to-use tool, international scope on controls, speed, reliability. A team attentive to clients, responsive and creative."
"Flawless security, Great Automation and Support."
"Ease of use, implementation, features and customer support."
"The Trustpair solution secures financial transfers, with ease of use and proven efficiency."
Get a walkthrough of how Trustpair helps teams detect potential sanctions risk earlier and investigate with a clear audit trail.
The sanction screening process verifies entities against sanctions lists before transactions are approved.
It includes automated checks, alert generation, and investigation workflows to ensure no sanctioned entity is involved.
Sanctions screening is typically managed by compliance, finance, and procurement teams.
Compliance defines policies, while finance ensures checks are executed before payments.
Best practices include real time sanctions screening, continuous monitoring, and advanced matching techniques.
Organizations should also implement strong workflows and customize sanctions list coverage based on risk exposure.
