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Beyond Vanilla – Flavors of Matching

It’s one thing to want to match against watchlists, and it’s another to figure out all the ways your technology can miss something you want to catch (or catch something you don’t want). So, consider the following things that some screening engines do, and consider the implications for the results […]

A is for Algorithm

So, how do we actually match our data to the watchlist data? There are two components to this, really: the mechanism by which we match, and what we actually match against. The matching mechanism is, ultimately, boiled down to some flavor of text search and matching technology. In broad strokes, […]

OFAC Update for Lebanon & Terrorism Programs

Today’s OFAC release adds a single name – Michel Samaha (also Mishal Fuad Samaha and Saadah al-Naib Mishal Fuad) to both the Terrorism and Lebanon sanctions programs. The Lebanese sanctions program is an interesting one, as it’s not a country-level program. It’s aimed at those who “undermine the sovereignty of […]

New word of the day: tolling agreement

So, Bank of Tokyo Mitsubishi UFJ Ltd’s settlement with OFAC mentioned that they entered into a tolling agreement with OFAC as part of the deal. In fact, most, if not all of the settlements I’ve reviewed involved a tolling agreement. Being a non-lawyer, I’ve always wondered what that is… so […]

Canada tightens the screws on Syria and Iran

Canadian regulators have taken 2 recent steps in enhancing their sanctions enacted against Syria & Iran under the Special Economic Measures Act (SEMA): On November 28th, the Governor in Council added 10 individuals and 3 entities, and removed 2 individuals and 1 entity from the SEMA Syria Regulations. On December […]