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Matching Multiple Factors

If your main focus is screening business transactions, you can skip to the next blog item you wanted to read – nothing to see here for you. On the other hand, if you screen static data, like customer records or insurance policies, one way to cut down the number of […]

OFAC Update January 8, 2013

Two Sudanese terrorists were added to the SDN List today: HAMAD, Abdelbasit Alhaj Alhassan Haj (a.k.a. ALHASSAN, Abdelbaset Alhaj; a.k.a. HASAN, Abd-al-Basit Al-Hadj; a.k.a. HASSAN, Abdel Basit al-Hajj; a.k.a. MOHAMED, Abdel Basit Hag El-Hassan Hag; a.k.a. “AL-BASIT, Abd”); DOB 1979; POB Sudan; nationality Sudan (individual) [SDGT]. MOHAMED, Mohamed Makawi Ibrahim […]

One hull of a ship!

Ships are often identified by one of two identifiers: their call sign (aka call name, call letters, call signal, or call) and their IMO number. A vessel may have one, both or neither of these – but the vessels on the OFAC SDN list will have both. IMO numbers are […]

CIA World Leaders

The Central Intelligence Agency maintains an online index of world leaders, as well as a PDF version issued monthly. Links to the online index, and an index of the CIA’s abbreviations it uses in the index, have been added to the Regulatory Links page. In addition, a link to the […]

Acronym of the Day: RIUNRI

Today, OSFI updated its Consolidated List based on updates that the UN made back on December 20th. These add 2 entities to their list of sanctioned Iranian entities: Yas Air and SAD Import Export Company. These are implemented in Canada under RIUNRI (Regulations Implementing United Nations Resolutions on Iran). An […]

What’s the frequency, Kenneth?

In a recent post, I suggested that workflow design be dictated, to some extent, by volumes. If you have lots of states or work folders that are lightly used, you might be better off with rethinking how you segment your data and design your workflow. Well, the same is true […]

OFAC don’t get no respect

Journalist David Axe (warisboring.com) went to the Democratic Republic of the Congo and, based on his reporting, created a graphic novel called Army of God about Joseph Kony and his Lord’s Resistance Army. After enlisting Tim Hamilton as cartoonist, and Matt Bors as editor, the tale was serialized online and, […]

Assuming a wee bit of risk…

In the previous post, we laid out how firms use repeated patterns in their data and/or patterns in the matched watchlist listing to ignore matches. The upside of those strategies is that the risk, if any, is very contained if not totally eliminated. The downside is that you tend to […]

You win a few, you lose a few (SDNs, that is)

Two small sets of updates by OFAC today: Two organizations (M23 and Forces Democratiques de Liberation du Rwanda) were added to the DRC (Democratic Republic of the Congo) Sanctions program (and all their aliases, of course) Jeanine Speckman, a UK citizen, and Euromac European Manufacturer Center SRL, an Italian entity, […]

In data we trust

When we screen data, we match data patterns we know to be non-matches. If they occur frequently enough, we can choose to ignore that pattern going forward. In general, there are two generic types of false positive reduction (FPR) strategies: whitelisting, and rules-based processing. Whitelisting generally means that a particular […]