The person you pay is often the person you have never checked. EU, UK and US rules all bite at payout. DetectX® screens policyholders, beneficiaries and payees against sanctions, PEP lists and adverse media, from inception to the claim, and holds a higher-risk payout for senior management before it is released.
Death benefit · Policy LV-58214
Life and savings · claim approved for payment
Parties to the payout from your policy record
Payout statusPending
Waiting for party screening
Illustrative DetectX® screens. Invented names and data.
Every regime asks the same three questions: who is your customer, who stands behind them, and who receives the money.
Choose your market and sector to see the rules that apply to you.
The FATF Recommendations are the standard more than 200 jurisdictions are assessed against. National rules build on them.
Identify and verify the customer and the beneficial owner, understand the ownership and control structure of legal persons, and keep due diligence going for the whole relationship.
Read FATF R.10For foreign PEPs: senior management approval, source of wealth and source of funds, and enhanced ongoing monitoring of the relationship.
Read FATF R.12Beneficial ownership information on companies, trusts and other arrangements must be adequate, accurate and up to date, and available to the authorities.
Read FATF R.24–25Targeted financial sanctions: freeze the funds of listed persons without delay, and make no funds available to them.
Read FATF R.6Last reviewed 4 November 2026 · A summary of the cited rules, not legal advice.
Onboarding tells you who a customer was on day one.
Tell us where you operate and what you do, then answer five questions. Each gap is shown against the rule that applies to you.
Where you operate
Your sector
1OngoingWhen a sanctions or PEP list changes, are existing customers and their beneficial owners screened again?
2OwnersAre the beneficial owners of corporate customers screened in their own right, not only the company?
3Adverse mediaDo you screen customers and their owners against adverse media as well as official lists?
4FraudDoes fraud detection run on payments alongside identity screening?
5Money outIs the counterparty screened before an outgoing payment is released?
Payout screening is the check of everyone who receives money under a policy, against sanctions lists, PEP lists and adverse media, before the payment is released.
DetectX®, from Prospero AG in Vaduz, Liechtenstein, screens every party from inception to payout, holds a higher-risk payout for sign-off, and records every decision with four-eyes review.
Everyone with a claim on the money. A policy has more people attached to it than the customer who signed it. Each party your policy record holds is screened in its own right, and corporate policyholders and beneficiaries bring their beneficial owners with them.
Your policy record names the parties. DetectX® keeps them checked. Parties reach DetectX® from your policy administration and claims systems. Each one is screened, a match opens an alert your analyst works, and a payout waits for the decision.
To confirmIntegration with policy administration and claims systems, per customer set-up.
The last check before the money goes. When a claim, maturity or surrender is approved, the payee is screened before release. A PEP or sanctions match holds the payout, and a higher-risk case goes to senior management first, as AMLR Article 44 and UK MLRs regulation 35(8) require.
Invented example.
To confirmPayout hold for senior-management sign-off: Product to confirm.
A clean name is not a clean claim. Screening confirms who someone is. DetectX® Fraud Detection looks at how the claim behaves. Both run on the same platform, so a claim's fraud signals and its screening results meet in one case, worked by one analyst.
To confirmFraud Detection signals in the same case as screening.
Five control points, from inception to payout. Parties are screened when cover starts, when a beneficiary is named or changed, whenever a list changes, at the claim and again at payout. A new listing raises a fresh alert on the policy it affects.
New alertA list update matches the beneficiary of a policy written 14 years ago. It goes to the same queue, worked the same way.
Know who you are paying before you pay them.
Every party is screened, a risky payout waits for the right person, and every decision stays on the record.
Policyholders, insured persons, beneficiaries, assignees and payees are each screened against sanctions lists, PEP lists and your own lists.
Name ScreeningLists: sanctions, PEP and your own. Example data.
A PEP or sanctions match holds the release, and senior management is informed before the money moves, with the decision on file.
WorkflowsTo confirm: the payout holdPayout statusHeld
Beneficiary is a PEP · Andrei Novak · deputy ministerHold
Senior management informed · r.vogt · Head of CompliancePending
Released only after sign-off. Invented names and data.
Every party is rescreened when a list updates, so a beneficiary listed years after the policy was written raises an alert.
Name ScreeningTo confirm: rescreening on list updatesAdverse Media Search runs from the alert on the matched party and rates every article for risk and sentiment.
Adverse Media SearchFraud signals and screening results land in one case, so the analyst sees both before the claim is paid.
To confirm: Fraud Detection signals in the same caseWho acted, when, on what evidence and why, with four-eyes sign-off, ready for the supervisor.
WorkflowsRecorded · j.feldmann · 15:03 · “Second reviewer agrees with the evidence and the reason.”
Most insurers screen who comes in. DetectX® screens who gets paid.
Every payout decision, on the record.
From the moment a payout is requested to the moment it is released, every step is recorded: who acted, when, on what evidence and why. When a supervisor asks how a PEP beneficiary was paid, the answer is already on file.
Payout alert AL-PAYOUT-00418806, policy LV-58214 · invented example
Death benefit approved for payment. Policy LV-58214, two beneficiaries and the payee accounts are sent for screening: payouts are screened before release.
Beneficiary Andrei Novak, screened on name and date of birth: Match · 89, above the 85 threshold. Name, date of birth and nationality match a PEP list entry.
An open alert on a payee pauses the release: payment of EUR 420,000 on hold. A payee with an open alert is not paid.
Role-based user rights decide who may claim the alert. The analyst holds the rights for payout alerts.
The list entry, the policy file and an adverse media search are checked. Confirmed: the same person, a serving deputy minister. Date of birth and nationality agree; no negative media.
The higher-risk payout is escalated with the findings and the proposed enhanced scrutiny. The Head of Compliance is informed before payout, as required before paying a PEP beneficiary.
A second reviewer checks the disposition and its justification and agrees: approved, the payout is released, and the relationship stays under enhanced scrutiny.
Payout alerts share the AlertViewer, lists and audit trail with every DetectX® module, so a payout decision reads like any other on the record.
Three ways in, depending on where you are.
Each one is a conversation with the people who build DetectX®, with no obligation.
A payout screened end to end with a product specialist, on your own policy types.
Bring your policy and claims systems. We map where DetectX® fits.
Speak with a compliance team already running DetectX®.
What insurance compliance teams ask about beneficiaries and payouts.
Payout screening is the check of everyone who receives money under a policy, such as beneficiaries, assignees and third-party claimants, against sanctions lists, PEP lists and adverse media before the payment is released. It covers the people an insurer may never have screened at inception.
Under Article 44 of Regulation (EU) 2024/1624, no later than the time of payout or the assignment of the policy. Where higher risk is identified, senior management must be informed before the proceeds are paid out. The Regulation applies from 10 July 2027.
As soon as beneficiaries of life and other investment-related policies are identified or designated, the insurer records the name of a named beneficiary, or obtains enough information on a beneficiary designated by class to identify them at payout. Identity is verified at the time of payout.
Regulation 35 of the MLRs 2017 requires a long-term insurer to take reasonable measures to determine whether a beneficiary, or a beneficiary's beneficial owner, is a PEP or a family member or close associate of one, before any payment or assignment. Senior management must be informed before a PEP beneficiary is paid.
Under OFAC's insurance guidance, block the policy or the relevant portion, report the blocking to OFAC within 10 business days, and obtain a specific licence from OFAC before paying any claim under it.
The beneficiary rules in AMLR Articles 44 and 47 and UK MLRs regulation 35 cover life and long-term policies, and FinCEN's insurance AML rule covers permanent life, annuities and products with cash value. Sanctions apply to every line: paying a claim to a listed person is prohibited in the EU, the UK and the US.
The insured person where different, every beneficiary, the beneficial owners of corporate policyholders and beneficiaries, assignees when a policy changes hands, and payees, including third-party claimants who were never your customer.
At inception, when a beneficiary is named or changed, in every recurring run against updated lists, at the claim and at payout. A new listing raises a fresh alert on the policy it affects.
No. DetectX® screens the parties, raises alerts and holds the release while an alert is open. Your analyst decides, senior management is informed where risk is higher, and a second reviewer signs off. Every step is recorded.
Each match is scored against a threshold you set, using phonetic, transliteration and fuzzy matching. A cleared false positive goes on the White List after four-eyes review and stops returning on later runs.
Prospero AG builds DetectX®, a financial crime compliance platform covering name screening, adverse media, transaction monitoring, client risk scoring and fraud detection. Prospero is based in Vaduz, Liechtenstein.
How a name is scored, matched and cleared, with every decision recorded.
Read moreSolutionDetectX® Adverse Media SearchWhat is published about the matched party, rated for risk and sentiment.
Read moreSolutionThird Party Due DiligenceScreening the owners behind corporate policyholders and beneficiaries.
Read morePayout Screening · DetectX®
A 30-minute review with a product specialist who knows your market's rules, on your own policy types.
