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Sanction List Management
The first essential step for a bank's protecting itself against regulatory sanctions
is the effective management of a myriad of internal and external industry sanction lists.
Lists from authoritative sources such as the Office of Foreign Assets Control (OFAC);
Bank of England; European Union (EU);
and Office of the Superintendent of Financial Institutions (OSFI)
clearly identify high-risk individuals and businesses.
These include known terrorists, fraudsters, money launderers,
and politically exposed persons (PEPs) as well as blacklisted persons, companies or countries.
SimpleOFAC Sanction List Management solution provides a centralized repository for all these lists and more.
Authorized users can import new lists,
manually alter existing ones,
create additional lists,
or conduct any activity required to manage and maintain the centralized repository of information.
Our consolidated list management approach transforms an arduous,
time-consuming process into a simple and fully automated task.
It is centrally held but locally accessed, making it easy to update and maintain.
Please refer our online manual
online manual for details.
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OFAC Solutions
