We are excited to announce the addition of a new capability to the BrokerLift Platform - Sanctions Checking
Sanctions Checking enhances our platform's capabilities by integrating with your preferred API-enabled Sanctions Checking partner, allowing our Platform customers to verify, in real-time, if applicants have been previously screened for financially suspicious behaviors.
How it works:
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Request a Sanctions Check: With Sanctions Checking enabled, customers can request a Sanctions Check when an individual or a business attempts to purchase a policy.
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Data Exchange: The Platform sends a small set of non-private data to the Sanctions Checking API service. The service then informs the Platform if the applicant is on their Sanctions List.
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Application Processing:
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If the user is not on the Sanctions list, they can proceed with the application as normal.
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If the user is on the Sanctions list, their application is flagged and automatically routed as a referral.
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Results are stored, documented and available for any future audit situations.
Enabling this feature ensures that your business is compliant with your Carriers, removes the extra effort of manual or bulk annual checks and protects your Brokerage and partners from potential financial risks.
Interested in adding Sanctions Checking to your BrokerLift portal? Please reach out to sales@brokerlift.com. Our team can help you determine if this solution is the right fit for your needs.