AML Services PEP & Sanctions Screening

About This Service

UK financial sanctions apply to every business, and breaching them is a strict liability offence: you can be penalised even if you did not know your customer was sanctioned. Add the requirement to identify politically exposed persons (PEPs), and screening is no longer optional for firms that take compliance seriously.

We help you build a PEP and sanctions screening process that actually works: proportionate, documented and capable of catching the matches that matter.

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Who This Service Is For

This service is for letting agents and estate agents, property management companies and FCA-regulated firms that need to screen customers against sanctions lists and identify PEPs, whether you are setting up screening for the first time or improving an existing process.

What’s Involved

Effective sanctions screening compliance involves more than running names through a tool. Our support covers:

  • Screening Process Design: When to screen, who to screen, which lists to check and how to document the results, built into your onboarding and ongoing monitoring.
  • PEP Identification and Risk Management: Procedures for identifying PEPs, applying enhanced due diligence and making sensible, recorded decisions.
  • Tool Selection and Configuration: Independent guidance on sanctions screening software and settings, including managing false positives, without pushing any particular vendor.
  • Match Handling and Reporting: Clear escalation procedures for potential matches, including your reporting obligations to the Office of Financial Sanctions Implementation (OFSI).
  • Letting Agent Obligations: Specific support with the financial sanctions reporting obligations that now apply to letting agents, including what to check and when to report.

How It Works

We review your client base and current checks, identify where your screening obligations bite, and design a process proportionate to your risk. We document it, train your team on handling matches, and can carry out periodic reviews to confirm the process keeps working as your business grows.

Why Choose Alumni for PEP & Sanctions Screening

Former FCA Officers

We understand how screening failures happen and how supervisors assess them.

Transparent Pricing

Clear fees for setup, reviews or ongoing support.

Proven Results

Our clients screen with confidence instead of crossing their fingers at onboarding.

Our Clients Say

Fantastic service and support! I cannot recommend enough, Alumni Compliance were always on hand and ensured our journey through a very complex process was simple and straight forward.

William Colthart, Director

Our Clients Say

Alumni is a professional firm. They supported us all the way and were very responsive. We managed to get authorised by the FCA quicker than planned. Definitely recommended for any firm looking for FCA Authorisation or compliance in general.

Mohammed Ragab, Director, AMS Cars Ltd

Frequently Asked Questions

It is the process of checking customers, and in some cases counterparties, against the UK sanctions list and other relevant lists to ensure you do not deal with designated persons. Because sanctions breaches are strict liability offences, every business needs a proportionate screening process.

Yes. Letting agents have financial sanctions obligations, including reporting duties to OFSI where they know or suspect a person is designated. These obligations apply regardless of rent value, so every letting business needs a documented process.

A politically exposed person is someone entrusted with a prominent public function, along with their family members and close associates. PEPs must be identified and subjected to enhanced due diligence because of the elevated corruption risk associated with their positions.

Related Services

AML Framework
HMRC MLR Registration
Compliance Training & Seminars

Sectors We Help With PEP & Sanctions Screening

Letting & Estate Agents
Payments & Fintech

Talk to us today

FCA regulation and compliance can be complex, but we will help you navigate the process, allowing you to expand your business and create new revenue streams.

Contact us to talk to our friendly team about your requirements.

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