STAGE 04 OF 05 · AT THE POINT OF PAYOUT
Screen beneficiaries at payout
WHAT HAPPENS
When a claim is triggered, you screen the actual payee against the same controls as onboarding. If a beneficiary has changed, they're screened from scratch. If a hit occurs, payment is held and you assess. Every payout decision is logged with your approval rationale.
IF THIS STAGE IS MISSING
From 10 July 2027, screening beneficiaries at payout is a binding obligation under AMLR Articles 44 and 47.
