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Sanction Scanner description
Sanction Scanner helps businesses comply with anti-money laundering regulations. It lets you instantly check customers and their transactions against lists of known criminals and high-risk individuals. This helps you avoid doing business with anyone suspicious, keeping your company safe. Its global database is updated every 15 minutes, ensuring the information is current. Sanction Scanner is easy to use and can work alongside your existing systems.
Who is Sanction Scanner best for
Sanction Scanner offers real-time AML name screening and transaction monitoring, helping businesses comply with regulations. Praised for its intuitive interface and robust global database, updated every 15 minutes, it seamlessly integrates with existing systems. Users value its flexible, configurable settings, while some note room for improvement in reporting and Asian data coverage.
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Best for small to mid-sized companies needing AML compliance.
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Ideal for finance, banking, insurance, e-commerce, or logistics companies.
Sanction Scanner features
| Supported Sanction Scanner provides real-time AML name screening, including scanning customers against over 3,000 global sanctions, PEP lists, and watchlists. |
| Supported Sanction Scanner supports transaction monitoring in real-time to identify suspicious activities, as confirmed by multiple sources, including their official website and integration pages. |
| Supported Sanction Scanner supports adverse media checks, including scanning news and media sources for negative information. |
| Supported Risk scores are customizable via scorecards with adjustable criteria. |
| Supported Sanction Scanner offers a flexible RESTful API for integration. |
| Supported Sanction Scanner supports PEP screening with global coverage and real-time data. |
We evaluate the sentiment that users express about non-functional aspects of the software
Ease of Use
Reliability and Performance
Ease of Implementation
Sanction Scanner reviews
We've summarised 54 Sanction Scanner reviews (Sanction Scanner TrustPilot reviews, Sanction Scanner Capterra reviews and Sanction Scanner G2 reviews) and summarised the main points below.
- The customer support team receives consistently high praise for responsiveness and helpfulness.
- Users appreciate the software\'s intuitive and easy-to-use interface.
- The product is lauded for its robust and accurate global database, updated every 15 minutes.
- Seamless integration with existing systems is frequently highlighted as a key benefit.
- Many users praise the software\'s flexible and configurable rule-based settings.
- Limited data on individuals and companies in certain Asian countries, like the Philippines.
- The reporting interface could be more user-friendly.
- Some users have reported a less-than-smooth implementation experience.
- Occasional slowness in the software has been reported.
Sanction Scanner alternatives
ComplyAdvantageHas broader applicability across various business sizes. Is growing slower.Read more
Refinitiv World-Check Risk IntelligenceRefinitiv World-Check Risk Intelligence has less momentum and a lower Glassdoor rating. It lacks specific features like transaction monitoring, PEP screening, customizable risk scores, and broad AML data coverage. This Sanction Scanner alternative may be a better fit for legal teams.Read more
LexisNexis LexIDMore focused on identity verification and fraud prevention for KYC/CIP regulatory compliance. Better fit for businesses in ecommerce, telecommunications, gaming, and transportation needing identity verification. Serves a wider range of business sizes, from small businesses to large enterprises.Read more
Risk & ComplianceBetter for broader risk management, not just sanctions. Caters to various industries and company sizes. Has publicly available user ratings. Website traffic is growing faster.Read more
OndatoBetter for KYC and AML compliance, especially for identity verification. Focuses on automation and user experience, making compliance more efficient. Caters to mid-sized and larger businesses in finance, telecommunications, and online services. A Sanction Scanner competitor and alternative.Read more
Cognito WatchlistMore focused on fast KYC checks and user-friendly design for compliance and onboarding. Has more website traffic momentum but slower employee growth. Lacks adverse media checks, transaction monitoring, and PEP screening. No detailed data on global AML coverage or customizable risk scores.Read more
Sanction Scanner FAQ
What is Sanction Scanner and what does Sanction Scanner do?
Sanction Scanner is an anti-money laundering (AML) compliance solution that helps businesses avoid financial crimes. It screens customers and transactions against global watchlists, PEP lists, and sanctions lists, providing real-time alerts. The software features API access, customizable risk scores, and seamless integrations.
How does Sanction Scanner integrate with other tools?
Sanction Scanner integrates with existing systems through a flexible RESTful API. This API access allows for seamless integration with your current workflow for tasks like real-time AML name screening, transaction monitoring, and adverse media checks.
What the main competitors of Sanction Scanner?
Alternatives to Sanction Scanner include ComplyAdvantage, Ondato, Cognito Watchlist, and ComplyCube. These competitors offer similar AML and KYC compliance solutions, including sanctions screening, transaction monitoring, and identity verification. Sift focuses on fraud detection and prevention, while Rippling offers broader employee management functionalities.
Is Sanction Scanner legit?
Sanction Scanner is a legitimate software solution for AML compliance. It offers robust sanctions screening, transaction monitoring, and adverse media checks. Users praise its intuitive interface, accurate database, and seamless integrations. Consider Sanction Scanner safe and effective for your AML compliance needs.
How much does Sanction Scanner cost?
Sanction Scanner does not publicly disclose pricing information. Contact their sales team to obtain product pricing details and determine if Sanction Scanner is worth the investment for your needs.
Is Sanction Scanner customer service good?
Customers consistently praise Sanction Scanner's customer support for its responsiveness and helpfulness. They are quick to answer questions and resolve issues, contributing to a positive overall experience. While some users desire more detailed documentation, the readily available support compensates for this.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.