Which of the following is a key aspect of AML sanctions screening?

A key aspect of Anti-Money Laundering (AML) sanctions screening is the process of checking individuals and entities against sanctions lists. Sanctions lists are compiled by various governments and international organizations to identify persons, entities, or countries that are subject to restrictions due to involvement in activities such as terrorism, drug trafficking, or other illicit activities. By performing sanctions screening against these lists, financial institutions and other obligated entities can ensure they do not engage in business with individuals or organizations that pose legal or reputational risks. This proactive measure helps facilitate compliance with regulations aimed at preventing money laundering and financing of terrorism.

The other options, while related to compliance and due diligence practices, do not specifically focus on the core aspect of sanctions screening. Regular transaction analysis may help identify suspicious activities but does not specifically involve checking sanctions. Customer engagement surveys do not relate directly to AML practices, and monitoring government policy changes is more about staying informed rather than the specific act of screening against established sanctions lists.