Lists are at the heart of any sanctions filtering process. Deciding whether to go to the source lists or use a third party provider brings complexity in terms of implementation and list maintenance. There will also be a host of other lists to consider: private, internal, white and ‘good guys’ lists. Additionally, these lists may be applicable globally, by country or by business unit, so it is clear that this is a complex and difficult area to keep control of. We work with financial institutions to:

• Review their end-to-end list management processes and identify gaps.

• Build interim/new processes or configure systems to close those gaps.

• Develop rules to correctly block messages or allow them to be monitored.

• Develop automated processes for checking or downloading regulatory lists.

• Full independent testing to demonstrate that filtering software is working correctly.