Sanctions List Search Upgrade Release date 01/25/2021 Body OFAC has upgraded its sanctions list search tool with fuzzy logic that is more resource efficient. The new fuzzy logic is intended to improve the performance of Sanctions List Search and make it more responsive. As a result of the new logic, users may […]
Important Technical Notice for Users of the OFAC Website and Sanctions List Data Files 6/22/2020 The US Department of Treasury is initiating the annual renewal of the public certificate securing http://www.treasury.gov website, including OFAC sanctions list downloads. The existing certificate (expiring July 10, 2020) will be replaced on June 25, 2020 […]
Today, OFAC added the following companies: ADAMANT MARITIME LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960, Marshall Islands; Identification Number IMO 5869890 [VENEZUELA-EO13850]. AFRANAV MARITIME LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960, Marshall Islands; Identification Number IMO 6063849 [VENEZUELA-EO13850]. SANIBEL SHIPTRADE […]
Read my latest piece on matching technologies here at Money Laundering Bulletin. It’ll be in the February print issue, but it’s online now. Mind you, I’m not the most technical when it comes to this, but I wasn’t trying to write a treatise – just trying to lay out the […]
Published on 16 October 2019 In the financial services industry, the application of machine learning (ML) methods has the potential to improve outcomes for both businesses and consumers. In recent years, improved software and hardware as well as increasing volumes of data have accelerated the pace of ML development. The […]
OFSI to update consolidated list links In 3 weeks time, OFSI will launch a new consolidated list, the system it uses to publish the details of individuals and entities subject to financial sanctions. The consolidated list extracts will have updated links on the gov.uk website. It is important that any bookmarks to the old links for each […]
Important technical notice for users of OFAC’s Sanctions List Data Files 3/20/2019 In early February of 2019, multiple users of OFAC’s data files contacted OFAC’s technical support hotline to report difficulty in downloading sanctions list data files hosted at this URL: https://www.treasury.gov/ofac/downloads/. After investigating the issue, the Treasury Department discovered […]
It’s online now (PDF link below and on Publications page), and will be in the upcoming print edition. It’s about explainability for text matching software… Tell me how you like it. Link: “Orphan black box” article
FinCEN Reminds CTR Filers of Batch Filing Deadline FinCEN issued a notice today to remind financial institutions that Currency Transaction Reports (CTRs) will no longer be accepted in ACSII format effective June 1, 2018. Financial institutions that batch file must file using the new XML format. If a financial institution is […]
Important Technical Notice for Users of the OFAC Website 11/3/2017 The Treasury Department will be updating the HTTPS certificate it uses for the Treasury.gov domain on Friday, November 3, 2017, during an evening maintenance window. Users may have to reinstall the root certificate for the site if they experience connection problems. The full […]
