Beady’s AI Sanctions Screening Cuts False Positives by Up to 95% and Rechecks Every Name Daily
NEW YORK, 2026-10-21 — Beady has rolled out AI-based sanctions screening software for companies that need to know who they are dealing with, and keep knowing it after onboarding is done. The tool checks customers, beneficial owners, directors, officers and counterparties against the OFAC, EU, UN and UK HMT sanctions lists every day. Before anything reaches a compliance analyst, it filters out up to 95% of the false matches that usually clog review queues.
Anyone who has worked in compliance knows the problem. Run a common name through a traditional screening tool and you can get dozens of hits, most of them people who happen to share that name. Older systems compare spellings and stop there, so false positive rates of more than 90% are normal. Analysts end up spending their days clearing junk, and good customers wait at onboarding while it happens.
There is a second problem that gets less attention. Most screening happens once, at onboarding, and then again at a periodic review. If a customer or supplier is added to a sanctions list in the months between those checks, nobody notices. Too often the first person to spot it is an auditor or a journalist.
Beady was built to deal with both issues.
When the software finds a possible match, it doesn’t just compare names. It looks at identifiers, ownership links and how reliable the source is, and uses that to decide whether the hit is relevant. Matches that fail that test are removed. The ones that pass go into a report ranked by severity, and each one links back to the public record it came from.
“Most teams we talk to aren’t missing alerts. They’re drowning in them,” a Beady spokesperson said. “What they want is a short list they can trust and a paper trail they can hand to a regulator without rebuilding their reasoning after the fact. That’s what we set out to give them.”
Screening goes beyond individuals. Beady draws on records covering more than 200 million companies and officers, which lets it follow ownership past the name on a contract. That is useful for spotting shell companies used to hide who actually controls a business. The software also checks vessels and aircraft using IMO numbers and tail numbers, an area where shipping, logistics, trade finance and insurance firms are especially exposed.
The same names are checked against PEP lists, adverse media and international most-wanted and crime registries. Beady also watches social media, where news of an arrest, an investigation or new sanctions often appears hours or days before mainstream outlets pick it up.
Companies can run a one-off check before signing a deal or onboarding a client, or put entities under ongoing monitoring. With monitoring, every name is rescreened daily, and a new designation shows up within hours. Daily summaries can be sent through messaging apps such as Telegram, so the compliance lead can read them on a phone and open the platform only when a case needs a closer look.
All of Beady’s data comes from public sources, more than 100,000 of them in 40 languages, updated daily. The company does not collect ID documents. Every finding can be checked against its original source, and the full decision trail for each screen is kept for audits. Analysts can also pull selected hits into a single report and share it with colleagues working on the same case.
Current users include fintech and crypto companies, investment and venture funds, law firms, HR teams, iGaming operators and larger corporates screening their suppliers. Beady charges by the number of entities being monitored rather than per search, and customers can swap entities in and out whenever they like. Most teams are up and running within a day, and there is a two-week free trial.
More information on the service is available at https://beady.ai/sanctions-screening-software/.
About Beady
Beady is a risk intelligence platform developed by We Good Solutions Limited. The company’s engineering team has an office in Hong Kong, and its senior engineers have each spent more than 20 years building data, AI and finance-grade software for banks, fintechs and other regulated businesses. Beady screens and monitors people and companies using sanctions lists, watchlists, court records, company registries, news and social media.
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