Compliance
What is Sanctions screening?
Sanctions screening checks the parties to a payment against government and international sanctions lists (OFAC, EU, UN, and others) before it is processed. A hit blocks or holds the payment for review. It is a mandatory, real-time control on every cross-border transaction and a frequent source of false positives and delay.
Screening quality is a balance: too loose risks regulatory breach; too tight floods operations with false positives that slow legitimate payments. Better structured payment data (ISO 20022) materially improves screening accuracy and reduces friction.