[CA]
WHAT’S COVERED IN THIS ARTICLE?
The article provides an understanding of what a sanction or watchlist check is.
WHAT DO I NEED?
N/A.
GUIDANCE:
A sanction is a penalty designed to restrict or ban certain individuals from financial trading and is issued by a government or other international organisation.
Employers can request that we carry out a sanction or watchlist check to verify whether the prospective employee has been or is a subject to legal sanctions imposed by regulatory institutions due to violating laws and regulations.
A sanction or watchlist check involves research through several government sanction databases that can identify individuals, groups, or companies prohibited from certain activities.
These will include lists issued by governments like the HM Treasury, financial regulators like the Financial Conduct Authority (FCA) and Office of Foreign Assets Control (OFAC) and other law enforcement organisations.
RESULT:
Candidate will now understand what in a sanction or watchlist check is.
FURTHER READING:
None.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article