WillItSurvive
Accounting, tax and business software · subsidiary of Codevist Teknoloji · Turkey

Sanction Scanner

sanctionscanner.com ↗

AML and sanctions screening software for banks and fintechs in Turkey and MENA.

Losing its protection
Assessed 22 July 2026 · Evidence as of 22 July 2026
The structural protection is eroding.
On the recordSince 22 July 2026 · Checkable from Q4 2026 · Every call on the record Checkpoint: Signs of a new funding round or deeper headcount and traffic decline
The call

Sanction Scanner runs on regional trust and low prices while its headcount and traffic shrink and larger rivals ship AI-native screening tools.

Sanction Scanner is a software tool that helps banks and fintech companies screen people and businesses against government sanctions lists and watch lists for money laundering. Bigger, better-funded competitors like ComplyAdvantage have already built similar AI-powered tools that do the same job faster and with more data. Sanction Scanner's own advantages, like access to public sanctions data and Turkish market connections, are real but easy for larger companies to copy. The biggest question is whether Sanction Scanner is actually growing or shrinking: the company claims 800 clients and steady growth, but employee count fell about 10 percent year-over-year and website traffic dropped almost half in the first half of 2026, which suggests the real story may be different from the public story.

Why
01
AI pressure: ComplyAdvantage's Mesh platform with its Cassie AI agent. ComplyAdvantage's Cassie AI agent now screens payments in real time, pulling mid-market clients toward its unified platform. Could AI do the core job? Only partly.
02
Bigger players: Dow Jones Risk & Compliance, via Ripjar and Xapien AI tools. Dow Jones is adding generative AI due diligence tools that could push it down into the fintech and mid-size bank clients Sanction Scanner serves. Could a giant copy it? Yes, easily.
03
What protects it. Regulators require audit-ready screening trails, and its Turkish and MENA client base plus API hookups make switching costly for now.
What would change this call
Sanction Scanner announces a Series A or larger institutional round by Q1 2027. Would show investors believe in its Turkey/MENA AI thesis despite thin capitalization.
Headcount or web traffic contracts further in Q3-Q4 2026 with no funding announced. Would confirm the growth narrative is false and business is genuinely shrinking.
A named enterprise client publicly switches to ComplyAdvantage's Mesh or Napier AI. Would show larger, better-funded rivals are actively taking its customers.
Key numbers
  • Headcount down 10% YoY to 26 employees (2026-07-06)
  • Web traffic fell 49% quarter over quarter (2026-07-06)
  • Only $150K raised, none since 2020 pre-seed (2020-07-28)
Named risks
  • Headcount down 10% YoY and web traffic down 49% QoQ as of mid-2026 contradicts public growth narrative. Severity: high
  • No institutional funding round since 2020 pre-seed while rivals raised over $100M. Severity: high
  • Larger funded incumbents (ComplyAdvantage, Dow Jones, Napier) shipping comparable AI features 2025-2026. Severity: high
  • Revenue figures from third parties conflict by nearly 3x ($2.8M vs $8.5M), indicating weak financial visibility. Severity: medium
  • Dual HQ ambiguity (Istanbul vs London) in public data may complicate investor and enterprise due diligence. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
ComplyAdvantagelosing toShipped unified AI platform Mesh with agentic layer Cassie, Oct 2025, extended to payments May 2026; ~500 staff vs Sanction Scanner's 26
Dow Jones Risk & Compliancelosing toIntegrating generative-AI due diligence via Ripjar (2023 stake) and Xapien partnership since April 2024
Napier AIcontestingShipped Insights AI alert explanations in March 2026, competing directly in mid-market AML segment
LexisNexis Risk Solutionslosing toLarger enterprise RegTech incumbent with deeper proprietary data provenance, not directly engaged yet
Questions people ask
Is Sanction Scanner profitable in 2026?
No public profit figures are disclosed. Third-party revenue estimates range widely, from $2.8M (Getlatka, 2025) to $8.5M (Datanyze, mid-2026), with no institutional funding since a 2020 pre-seed, suggesting thin margins at best.
Has Sanction Scanner raised a Series A?
No. As of July 2026, Sanction Scanner's only disclosed funding is a roughly $22K-$150K pre-seed from Turk Telekom PILOT on 28 July 2020. No institutional Series A or B has been reported since then.
Could AI replace Sanction Scanner's product?
AI already automates much of its own workflow, with the company claiming 77% of alerts auto-cleared via its Fusion platform. But regulatory audit-trail requirements for AML shield the whole category, including larger rivals, from raw model replacement, not just Sanction Scanner specifically.
Who is Sanction Scanner's biggest competitor?
ComplyAdvantage, a London RegTech founded in 2014 with $108M-$158M raised and about $34M in 2023 revenue per CB Insights. It launched a unified AI platform called Mesh with agentic layer Cassie in October 2025, extended to payment screening in May 2026.
How big is Sanction Scanner's team?
Estimates diverge: Crustdata reported 26 employees with a 10.3% year over year decline as of 6 July 2026, while Datanyze reported 35 employees and ZoomInfo places it in the 11-50 band.
Who owns Sanction Scanner?
It is privately held, founded in 2019 by CEO Fatih Coskun, whose background includes Codevist Teknoloji, Mastercard, VeriPark and Microsoft. Craft.co lists Codevist Teknoloji as its parent company; no acquisition has been reported.
Timeline
  • 2026-06-22Named G2 Leader in Anti-Money Laundering for third consecutive year, Summer 2026
  • 2026-06-18Launched FUSION AI natural-language rule building for Monitoring Rules module
  • 2026-05-25ComplyAdvantage extends Mesh AI platform to real-time payment screening
  • 2026-03Napier AI ships Insights AI alert explanations, per vendor comparison page
  • 2025-07-25Rolled out AI-generated profile summaries for name-screening results
  • 2025-05-30Named to Deloitte Technology Fast 50 Turkiye for third consecutive time
  • 2022-11Partnered with Coinfirm to bridge crypto and TradFi AML compliance
  • 2020-07-28Raised sole disclosed pre-seed round, roughly 22K-150K dollars, from Turk Telekom PILOT
  • 2019Company founded per its own About Us page
Revision history
22 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Yonyou (UFIDA)NotarizeHundsun Technologies
More in Accounting, tax and business software →
Sources