Knowledge Solution

Quadrant Knowledge Solutions has disclosed that the Watchlist and Sanctions Screening Market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 16.50% by the year 2027. This market segment plays a pivotal role in Know Your Customer (KYC) protocols and solutions within Financial Institutions (FIs). Such protocols enable FIs to scrutinize customers against an array of data repositories including sanctions lists, Politically Exposed Persons (PEPs) databases, and regulatory watchlists during the onboarding process. This practice not only aids FIs in mitigating the risks associated with engaging sanctioned entities but also facilitates efficient and effective customer onboarding. Furthermore, it assists FIs in adhering to regulatory mandates and identifying potential threats which could tarnish their reputation.   In order to uphold compliance amidst the evolving regulatory landscape, FIs must deter the onboarding of malicious actors by streamlining their global oper...

  In an increasingly interconnected world, the need for effective measures to safeguard international security has never been more critical. Watchlist and sanction screening emerge as essential tools in the fight against terrorism, money laundering, and other illicit activities that pose threats to global stability. A watchlist is a compilation of individuals, entities, or vessels deemed of interest due to their potential involvement in unlawful activities. Government agencies, financial institutions, and businesses utilize watchlists to identify and monitor these high-risk entities. Sanction screening, on the other hand, involves cross-referencing individuals and entities against lists of sanctioned parties to ensure compliance with international regulations. The primary objective of watchlist and sanction screening is to prevent the unwitting facilitation of illegal activities. Financial institutions, for instance, employ sophisticated screening systems to scrutinize transaction...