Screen Every Policyholder. Screen Every Payout.
Life insurers and specialty carriers face AML obligations that go far beyond underwriting. From KYC at policy issuance to PEP and sanctions screening at payout, Sentinel™ covers the full compliance lifecycle for insurance organizations.
Insurance Is an Underestimated AML Risk
Insurance products, particularly life insurance with high premiums and early surrender options, are attractive vehicles for money laundering. Placement through premium payments, layering via policy transfers, and integration through clean surrendered proceeds are all documented typologies.
Sentinel™ provides the KYC, PEP, sanctions, and adverse media screening that insurance compliance programs require at onboarding and throughout the policy lifecycle. Continuous monitoring means you are alerted when a customer's risk profile changes, not when it's too late.
Good Tip from Oscar
"Early policy surrender is the tell. A customer who buys a large life insurance policy and cashes out within 12 months didn't change their mind about retirement planning. Screen the policyholder at issuance. Screen them again at payout. Both matter."
Key AML/KYC Regulations Sentinel™ Helps You Meet
BSA / FinCEN Insurance Rule
Life insurance companies issuing covered products must implement AML programs, designate a compliance officer, conduct ongoing training, and file SARs with FinCEN for suspicious transactions.
OFAC Sanctions Compliance
Insurance companies must screen policyholders, beneficiaries, and claimants against OFAC's SDN list before issuing policies and at payout. Sentinel™ automates this at both lifecycle stages.
EU AMLA & 6AMLD
Life insurers in the EU are obligated entities under the AML Directives. AMLA's 2025 supervisory launch expands scrutiny to pan-EU insurance operations with a unified compliance rulebook.
FCA / MLRs 2017
FCA-regulated insurers must apply CDD to policyholders, screen for PEPs and sanctions, conduct enhanced due diligence for high-risk customers, and report suspicious activity.
FINTRAC / PCMLTFA
Life insurance companies and brokers in Canada are reporting entities under the PCMLTFA, required to verify customer identity, assess risk, and file STRs with FINTRAC.
AUSTRAC AML/CTF Act
Australian life insurers must maintain AML/CTF programs and report threshold transactions and suspicious matters to AUSTRAC. The 2024 Amendment Act tightens beneficial ownership requirements.
UAE CBUAE / Insurance Authority
The UAE Central Bank and Insurance Authority require insurers to conduct full KYC, screen against UAE and international sanctions lists, and implement AML programs aligned with FATF standards.
FATF Recommendations
FATF identifies life insurance as a sector vulnerable to placement and layering. Its recommendations require risk-based CDD, beneficial ownership verification, and STR filing obligations for insurers globally.
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.
You Insure Against Risk.
Have You Insured Against Compliance Risk?
Money launderers love insurance products. Early surrender, premium placement, clean payout. It's a tidy scheme. Sentinel™ screens every policyholder and every payout so you're not the one left holding the claim. Learn more →
Somewhere, a compliance officer is reading this disclaimer very carefully. We respect that.
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.