AML Screening Software Checklist: 14 Things to Verify Before Buying

The difference between a good AML screening engine and a bad one is invisible on the demo. It only appears six months later, in the false positive rate and in the hit you missed because a list was refreshed weekly instead of hourly.

The 14-point checklist

• OFAC, UN, EU, HMT and OFSI coverage as a baseline
• Country-specific lists for every market you operate in
• PEP coverage with family and close associates
• Adverse media with category filters, not raw news dumps
• Refresh frequency: hourly for sanctions, daily for PEP minimum
• Tunable fuzzy matching per jurisdiction
• Per-list false positive metrics, not aggregate
• Alias and transliteration support (Cyrillic, Arabic, CJK)
• Analyst adjudication before alerts reach you
• Continuous re-screening built in, not bolted on
• Audit log acceptable to your primary regulator
• API and webhook coverage for every event
• Data residency options matching your licence
• Transparent pricing with no per-list surcharges

How our AML & PEP screening scores

Our AML & PEP screening product covers every point above out of the box, with analyst adjudication included in the base price.

What to pair it with

Pair screening with our ongoing KYC monitoring product so risk profile changes trigger re-screening automatically, not on an annual cycle.