New release of Screening

The new release includes the following new features:
 

New screening lists expand your compliance coverage

We’re adding two new screening lists, providing you with broader coverage to support your compliance efforts and offer more information about your customers and counterparties. These additions not only help you stay aligned with regulations but also improve the quality of your due diligence, reducing risk across your onboarding and monitoring processes.

UK Companies House

You can now access company information from the UK through Companies House. 

Adding UK Companies House data enhances customer due diligence by providing verified company details, such as incorporation status, legal structure, and registered address, along with information on People with Significant Control (PSC). This also supports faster onboarding, enhanced risk and sanctions screening, and ongoing monitoring of ownership or status changes, helping ensure compliance, transparency, and efficient Know Your Business (KYB) processes when working with UK-based entities.

This list includes:

• Company name and number
• Incorporation date
• Legal status
• Registered office address

It also includes details about People with Significant Control (PSC), such as:

• Full name, birth month/year, nationality
• Type of control (e.g., shareholding, voting rights, influence)

This list helps you identify whether companies or their controllers are subject to sanctions.

Dow Jones SCO (Sanctions, Control, Ownership)

We’re expanding our collaboration with Dow Jones to include its SCO (Sanctions, Control, and Ownership) data in our sanctions screening offering. The SCO data can help bring clarity to complex ownership networks.

Integrating Dow Jones SCO data strengthens your sanctions screening by revealing entities owned or controlled by sanctioned individuals or organizations, even through indirect links or influence. It supports compliance with OFAC’s 50 Percent Rule and EU/UK control-based regimes, helping you uncover hidden risks in complex ownership networks and avoid gaps in your risk and compliance processes.

This list covers companies owned or controlled by individuals or entities under sanctions by:

• The U.S. Department of the Treasury (OFAC)
• The European Union
• The United Kingdom

The SCO list helps you identify:

• Entities owned by sanctioned individuals (10 %+)
• Entities controlled by sanctioned individuals or organizations
• Those linked through management roles or influence

Dow Jones flags relationships even when full ownership details aren’t available. These links are classified as “Associates” when appropriate.

Using this list can help you:

• Comply with OFAC’s 50 Percent Rule
• Meet EU and UK control-based sanctions requirements
• Avoid screening gaps by covering both direct and indirect sanctions risks.

Contact us to learn more

Please get in touch with us to learn more about these lists and to begin incorporating them into your compliance program.

Real-time transaction screening

Faster screening with in-memory technology

We’ve upgraded our transaction screening engine to deliver faster performance and greater precision, supporting compliance teams that rely on speed and accuracy.

With our enhanced in-memory screening capability, sanctions are now stored directly in memory, eliminating the need for repeated database access. This significantly reduces response time and enables real-time evaluations, which are essential for instant payment schemes such as SEPA Instant. It also helps institutions meet regulatory expectations by detecting and blocking transactions involving sanctioned individuals or entities before funds are transferred.

Smarter text-based screening for higher accuracy

We've also refined how the platform reads and processes transaction text. It now handles unstructured content more effectively, capturing relevant risk indicators even when they’re outside predefined data fields like:

• Counterparty name
• Counterparty bank
• Transaction reference and notes

This more refined analysis brings potential threats to light earlier, even when information is messy or incomplete. The result is quicker, clearer decisions in fast-paced, high-volume environments.

Detailed release notes are available on the Trapets Developer Portal

Detailed release notes are available on the Trapets Developer Portal.

If you do not yet have access to the Developer Portal, please contact us via our Support Portal.