Sanction Scanner vs Unit21 vs ComplyRadar - Which Tool Fits Your Business?

Pros and Cons of Sanction Scanner

• Sanction Scanner updates its database every 15 minutes from over 3,000 global sources, ensuring users have the most current risk intelligence at their fingertips.

• It enables automated checks for sanctions, PEPs, watchlists, and adverse media, offering a well-rounded risk assessment for both clients and transactions.

• Businesses can automate the verification of sender and receiver details in real time, helping reduce manual workload and boost compliance accuracy.

• Built with accessibility in mind, the solution caters to businesses of all sizes, including startups and SMEs, without requiring heavy technical resources.

• Unlike some competitors, Sanction Scanner doesn’t highlight the use of advanced AI or machine learning, which may limit its predictive capabilities.

• Larger enterprises may find a need for more tailored workflows and integrations depending on their existing compliance ecosystem.

Pros and Cons of Unit21

• Unit21 serves multiple industries with ease, offering flexible configurations for both traditional finance and emerging sectors like cryptocurrency, e-commerce, and fintech.

• With over 100 pre-configured, threshold-based rules and customizable logic, Unit21 offers robust, adaptable detection of suspicious behaviors without needing deep technical expertise.

• Access to KYC verification, blockchain forensics, and identity validation services through integrated partners enhances investigative capabilities significantly.

• Its intuitive dashboard and low-code environment make it accessible for non-technical compliance professionals, improving onboarding speed and day-to-day operations.

• Despite a low-code setup, users still face a learning curve when setting up complex rule logic or integrating with legacy systems.

• While functional, some users may find the built-in reporting and visualization tools lacking compared to standalone BI platforms.

Pros and Cons of ComplyRadar