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AML Watchlist Screening
AML Watchlist Screening
Trolley has a built-in compliance engine screening individuals and entities against global watchlists (OFAC, EU, OSFI, HMT, etc).
Tim Nixon avatar
Written by Tim Nixon
Updated over a week ago

When dealing with payments locally or internationally, AML compliance is critical.  We built Trolley with compliance in mind, ensuring we can provide a frictionless user experience to our clients.  
How does it work?
Trolley automatically screens each recipient record when added to the platform for the first time, and then each time a payment is sent.  This ensures that every payment made is legal and compliant and will be processed by our global banking partners.  

Each recipient is screened against global watchlists including but not limited to: OFAC (Office of Foreign Assets and Control), OSFI (Office of the Superintendent of Financial Institutions) Anti-Terrorism Financing List, United Kingdom HM Treasury Financial Sanctions Consolidated Lists, European Union (EU) Consolidated List, Australian Financial Sanction Consolidated List,  and various other global sanctions lists where relevant. 

What happens when a recipient gets flagged?  
In the case that a recipient/payment is flagged due to a "hit" on one of the AML watchlists, we provide an automated process for the recipient to complete to confirm if the "hit" was truly positive or was, in fact, a false positive.  This process may require additional information or require that the recipient provides additional KYC (Know your Customer) due diligence documentation.   

PayPal also operates it's own AML / CTF program and conducts its own AML screening. We do not AML screen PayPal payments.

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