Protecting Healthcare Organizations from Sanctions & Financial Crime
Healthcare organizations are an increasingly attractive target for financial crime. Sanctions exposure, fraudulent billing, and procurement fraud require robust KYC and sanctions screening across payers, providers, and vendors.
Healthcare Is an Underestimated Financial Crime Target
The sheer volume and complexity of healthcare financial transactions, billing, insurance claims, grants, and high-cost equipment procurement, create numerous opportunities to disguise illicit funds. Regulators are expanding AML oversight into healthcare payments and government-funded programs.
Sentinel™ provides healthcare organizations with sanctions screening for vendors and counterparties, PEP checks for procurement partners, and the continuous monitoring required to catch changes in risk profile before they become enforcement actions.
Good Tip from Oscar
"The HHS OIG exclusion list exists because someone, somewhere, hired an excluded provider and billed Medicare for it anyway. Screen your vendors before you contract with them, not after the audit finds the invoice."
Key AML/KYC Regulations Sentinel™ Helps You Meet
OFAC Sanctions
Healthcare organizations must screen vendors, suppliers, and counterparties against OFAC's SDN list. HHS OIG exclusion list screening is also required for Medicare/Medicaid-participating entities.
HHS OIG Exclusion Screening
Providers, vendors, and staff must be screened against HHS OIG's List of Excluded Individuals/Entities (LEIE). Employing or contracting with an excluded party risks loss of federal program participation.
BSA / FinCEN Healthcare Payments
Healthcare payment processors and billing entities with financial services components must comply with applicable BSA requirements, including SAR filing for suspicious payment patterns.
EU AMLA & 6AMLD
Healthcare entities operating as financial intermediaries or handling patient fund management in the EU may fall within AML Directive scope. AMLA's unified rulebook applies to covered entities from 2025.
FCA / NHS Counter-Fraud
UK healthcare organizations receiving NHS funding must comply with counter-fraud frameworks. FCA-regulated health insurance entities are subject to AML program requirements under MLRs 2017.
FINTRAC / PCMLTFA
Canadian healthcare organizations with financial services components, including health spending accounts and patient financing, must comply with applicable PCMLTFA obligations.
FATF Recommendations
FATF identifies healthcare as a sector vulnerable to procurement fraud and money laundering. Risk-based CDD and transaction monitoring are recommended for entities handling large government-funded payment flows.
UN / EU Sanctions
Global healthcare supply chains intersect with sanctioned jurisdictions. Sentinel™ screens procurement partners, equipment suppliers, and contract manufacturers against UN, EU, OFAC, and HMT consolidated lists.
Everything Your AML/KYC Compliance Team Needs
Lowest False Positive Rate
Secondary matching criteria date of birth, citizenship, address eliminate erroneous alerts before they reach your team. Your analysts focus on real risk.
Continuous Customer Monitoring
Your full customer portfolio is automatically re-screened when watchlists update. No manual batch jobs. No compliance gaps between periodic reviews.
Un-editable Audit Logs
Every decision, every alert, every override is timestamped and logged in an immutable audit trail. Fully exportable for examiner review at any time.
Real-Time API & Batch Processing
Integrate at onboarding via Real-Time API, or run batch screening across your full portfolio. Same-day go-live less than one business day to integrate.
Global Watchlist Coverage
OFAC SDN, UN, EU, HMT, DFAT, and 50+ additional global sanctions lists all updated daily. PEP screening and adverse media in 5 languages.
Tier 1 & 2 Support
From user training to technical consultation. Dedicated support for large operations. Human support from compliance professionals not a help desk queue.
Financial Crime Doesn't
Take a Sick Day.
Healthcare payments are complex, high-volume, and increasingly scrutinized. Fraudulent billing, procurement schemes, and sanctions exposure don't announce themselves. Sentinel™ screens your vendors and counterparties so your compliance program stays healthy. Learn more →
We wrote this disclaimer so you don't have to write one explaining why you didn't have one.
The information on this website is provided for general informational purposes only and does not constitute legal, regulatory, or compliance advice. Truth Technologies, Inc. makes no representations or warranties regarding the accuracy, completeness, or currency of the regulatory information presented. AML/KYC obligations vary by jurisdiction, institution type, and individual circumstances. Organizations should consult qualified legal counsel or a licensed compliance professional before making compliance decisions. Sentinel Compliance Platform™ is a product of Truth Technologies, Inc.