What to do when you find a positive match in Restricted and Denied Party Screening? The process can bring either one of the following results:

• No match is found: Depending on the screening method selected, no match to the screened entity is found. Typically, if the screening criteria is “exact name or address match” and if no match is found then it is advisable to repeat the screening with a different selection criterion, such as “sounds similar” or “phonetic match”. Alternatively, words found in the name of the entity can be separately searched.

• Partial matches are found: It should be ensured that screened entity is not the same entity as any of those partial matches. This can be verified by reviewing name and/or address variances between the screened entity and found matches. In cases where entities are located in countries using different alphabets, screening person must pay special attention to names taking different formats. Many times, it will be necessary to further review the other information listed, such as other names (e.g., AKA), addresses, date of birth and identity information of the partially matched entities.

• Exact matches are found: Similar to partial match, screening person and authorized individuals must review the matching fields and additional information on listed entities and confirm the match. Once confirmed, organization must stop processing the transaction and execute further analysis of the nature of the business transaction. Entities might be sanctioned for all types of or for certain type of transactions by the listing agency. Depending on the restriction type and legal jurisdiction, the listing agency must be consulted and if required an export authorization/license must be secured prior to initiation of the transaction.

In all above cases, record retention must be in place. Accordingly, it is highly recommended that results of all screening activities along with the clearance approvals by the authorized persons are documented.

It is important that the denied/restricted screening process must stop handling the transaction until the screened entity is cleared. Only the authorized persons should be allowed to approve the clearance if partial matches are found.

Download White Paper – Best Practices in Denied Party Screening

Reliable, fast and efficient denied party screening is a necessity. Day-to-day operations require modular and flexible searching capabilities with high accuracy of the results.

From the customer setup to the hire of foreign national employee Linqs streamlines your compliance.

We support more than 240 global watch lists and country warning lists to ensure your business operations stay compliant with the domestic and foreign regulations which are in force.

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Real-time single party screening with quick and enhanced screening functionality.

Real-time self-service multiple party/bulk screening.

Comprehensive set of selectable regulatory watch lists.

Country specific warnings and risk assessment independent of the entity searched.

Hosted, fully web-based architecture to improve the costs and user efficiency.

Industry-standard secure access and encrypted communication.

Highly scalable architecture, with optional download access you can easily extend your screening capability and integrate the Restricted Party lists with your own IT platforms such as SAP, Oracle, and other ERP systems