Ensuring your company does not maintain business relationships with sanctioned individuals or entities is both a regulatory obligation and a core compliance pillar. The Sanctions Screening module was built to make this process automated, reliable, and easy to manage, from continuous monitoring to alert analysis.
Screened lists
The system performs cross-checks against the world's leading restrictive lists, including: OFAC SDN and OFAC non-SDN (USA), United Nations (UN), Inter-American Development Bank (IDB), CNBV (Mexico), Cuba, Engel List, European Union (EU), Interpol, as well as several other international and regional databases relevant to your business context.
These lists are updated daily, ensuring that all verifications always reflect the most current sanctions in force.
How the system is organized
The platform is structured around four main areas, each playing a specific role in the compliance process:
Dashboard: The system's home screen provides a consolidated view of everything happening: pending alerts, analyzed results, the latest restrictive list updates, and the overall progress of verifications. It is the starting point for any manager to track work in real time.
Datasets: This is where the company's internal lists live, bringing together information about clients, employees, suppliers, and other relevant entities. This structured database is the primary input for all automated verifications.
Screenings: The heart of the system. Every day, the platform automatically cross-references internal datasets against configured restrictive lists, identifying new matches and cases requiring attention in real time.
Keyword Alerts: When the system detects a possible match, it is organized as an alert. Cases are grouped by status, making it easier for the compliance team to triage and prioritize their work.
Daily Updates: Daily email reports summarizing updates to global and internal restrictive lists, including last update dates and the number of matches identified.
The analysis workflow, step by step
The process was designed to be end-to-end, from data input to continuous monitoring:
Input: Data is batch-imported into the system, forming the datasets that will be monitored.
Screening: The system automatically cross-references datasets against configured restrictive lists, mapping potential occurrences.
Alert: Based on a similarity algorithm, the system generates alerts for identified matches.
Auto-treatment: The system intelligently filters out false positives, reducing the volume of manual reviews while still allowing human oversight when needed.
Monitoring: Oversight does not stop after the initial analysis. The system continues verifying entities on an ongoing and periodic basis.
Who can be screened
Sanctions Screening covers all audiences relevant to your company's compliance requirements:
Individuals and legal entities
Investors, suppliers, employees, third parties, and counterparties
Ultimate beneficial owners, legal representatives, and related parties
Flexible configuration options
The system offers settings that adapt to each company's needs. You can define the matching sensitivity level by percentage, calibrating between greater precision or broader coverage in searches. Names can be searched on a one-time basis or monitored continuously. Each alert includes complete entity information, such as nationality and address, to support well-informed decisions.
💡Need help? Please contact us through system's chat or send an email to suporte@compliasset.com