02 — Capability · BC-1770.30
Sanctions & Name Screening
Make sure the firm never deals with sanctioned people, entities or countries, by screening customers and payments against current lists and stopping a true match before money moves. The general register of trade and sanctions obligations sits with compliance.
- Sanctions Screening
- Sanctions Compliance
- Watchlist Screening
In scope
- Customer and counterparty screening, including PEP and adverse media hits (deciding PEP status and the risk it carries sits in BC-1770.10)
- Real-time screening of payment messages
- List sourcing, updates and screening configuration
- Hit adjudication, blocking, rejection and required reports
Out of scope
- Trade and sanctions obligations as a compliance register (see BC-140.10)
- Export control screening of goods and shipments (see BC-660.60)
Realized by · 0
- No product in the catalog yet.
Used in · 8
- Apply-to-Account · 02 Verify & Screen
- Payment-to-Settlement · 02 Screen & Authorize
- Quote-to-Bind · 02 Underwrite & Price
- First-Notice-to-Settlement · 03 Settle & Pay
- Alert-to-Disposition · 01 Detect
- Alert-to-Disposition · 02 Triage
- Alert-to-Disposition · 03 Investigate
- Alert-to-Disposition · 04 Decide & Act
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-1770.30.10Customer Name ScreeningScreen customers and related parties against sanctions, politically exposed person and adverse media lists at onboarding and whenever the lists or the customer change.
- BC-1770.30.20Payment Message ScreeningScreen the parties, banks and free text in every payment message in real time, and hold any payment with a possible match.
- BC-1770.30.30Watchlist Data ManagementLoad and apply every list the firm must screen against as soon as it changes, and tune the matching so true matches are found without flooding analysts.
- BC-1770.30.40Sanctions Hit AdjudicationDecide each possible match quickly, release false hits, and freeze, block or reject true ones and report them to the authority within the deadline.