Customer screening is a vital process in financial crime compliance landscape that help organisations to avoid engaging with high-risk individuals or entities involved in illicit activities, such as money laundering, terrorism financing, or sanctions violations. During customer onboarding or periodic reviews, financial institutions screen clients against various watchlists, including those issued by regulatory bodies, governments, and international organisations. 

This screening process identifies politically exposed persons (PEPs), individuals or companies under sanctions, and those flagged for suspicious activities. By employing customer screening tools, organisations can ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, thus mitigating legal, reputational, and financial risks.