Sanctions screening requirements, country by country.
Regulators agree on one thing: screen customers before you do business with them, and again when a list changes. Here is what each regime requires, and how OnSanctions maps to it.
FATF
Recommendations 6 and 7: freeze designated funds without delay.
United States (OFAC)
Civil sanctions enforcement does not require proof of intent.
United Kingdom (OFSI)
Civil penalties for financial sanctions breaches can be strict liability.
European Union
EU sanctions bind EU nationals and businesses, including outside the EU.
South Africa (FICA)
Accountable institutions screen clients against the targeted financial sanctions list.
What OnSanctions covers, and what stays with you
| OnSanctions does | Your program still does |
|---|---|
| Screens people and companies against sanctions, crime, wanted, regulatory and debarment lists, plus PEP and RCA | Sets your risk-based policy and screening scope |
| Checks UN, OFAC, UK and EU lists every 60 minutes | Reviews possible matches and decides what is a true hit |
| Records dataset version and timestamps on every result | Freezes, reports and exits relationships as the law requires |
| Keeps 7 years of audit metadata | Transaction monitoring, enhanced due diligence, adverse media and case management |
OnSanctions is the screening layer of a program, not a complete FICA, BSA or AML program.