scan

Scanning process

The scanning process examines text for occurrences of names or other information identified in any of the industry based sanctions lists. Two issues are raised for any screening method. First, the risk of not identifying a blocked person or entity when it is present in the scanned text(false negative). Second, the cost of stopping a transaction when in fact there is not a blocked entity in the scanned text(false positive). The design of the SDN Scanner recognizes that the cost of false negative transactions is high and gives priority to eliminating such items.

Custom list

Sanctions lists include a broad set of names and terms which are in common use. The SDN Scanner supports a Custom list that allows users to improve the accuracy of the scan by qualifying specific text as pre-approved(not in need of further review). The Custom list also allows users to include text which is not specified in the primary sanctions lists. An included entry is treated like any blocked entity and creates a reportable item when matched.

List preparation

Sanctions lists selected by the user and the user's Custom list are combined into a scanning dictionary that's used to examine text.

Sanctions lists

Any combination of lists can be used. The combination can include lists that we publish and the two lists that we support but do not publish. These two lists, the Custom and FinCen lists, you must upload yourself.

The following table shows the lists that we publish.

Abbr Source Name As Of Entry
Count
AKA
Entry
Count
Published
OFC OFAC SDN Feb 14, 2018 6,096 10,344 Feb 15, 2018
CN Consolidated Screening Feb 14, 2018 8,645 12,181 Feb 15, 2018
CS Consolidated Sanctions Jan 26, 2018 639 1,253 Jan 27, 2018
EU European Union Feb 16, 2018 2,067 5,949 Feb 16, 2018
HM HM Treasury Asset Freezing Unit Feb 16, 2018 2,068 3,397 Feb 17, 2018
DB Debarred Parties Aug 2, 2017 515 96 Aug 4, 2017
DP Denied Persons List Nov 22, 2016 359 21 Dec 27, 2016
FT Foreign Terrorist Organizations Jun 30, 2016 61 51 Dec 27, 2016
UC UN Consolidated Feb 15, 2018 1,067 2,947 Feb 16, 2018
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