Quantifying Sanctions Risk in the UK

The amount of money, resources and time a company chooses to invest in sanctions screening is a risk-based decision based on their perception of their sanctions risk. For most firms, the likelihood of finding a sanctioned name in their customer base is probably slim – some have millions of customers and have rigorous on-boarding processes. […]

Financial Crime – Quality Assurance Planning and MI

This is the fourth article in a series on the topic of Quality Considerations for Financial Crime Teams.   Click here for the first article which set out some high-level definitions for Quality Assurance (QA) and Quality Control (QC) and how they need to work together.   Click here for the second article which went into a […]

SQA – Sanctions Assessment Centre Release v6.8

SQA have deployed the latest version of our Sanctions Screening Assessment Centre (SAC) v6.8, now available for User download. This latest release contains lots of new user functionality, including: New communication preference options and communication test function to improve communications options for accessing the SQA Server for lists download. The ability to include gender information […]

Country Risk Associated with International Wildlife Trafficking

As of last year, The FATF (Financial Action Task Force) made International Wildlife Trafficking (IWT) one of their priority issues to tackle. This industry is the 4th largest international crime and has arguably the most devastating environmental impact out of any criminal act or proceed. To achieve this status, many factors are to be considered […]

OFAC SDN’s Geography

As we reach the end of yet another term of office in America, it is a good time to review how the content of the OFAC SDN list has been changing over time.  The graph below represents Country rank in terms of which countries have the most SDNs listed – it looks back as far […]

Screening Systems – Before you start Tuning & Testing

Before you embark on a tuning exercise or a round of assurance testing of your screening system there are a few things worth taking the time to check and fix as required.  A lot of this is common sense but when missed can result in significant delays in your testing and generate a lot of […]