Automated sanction list screening before transaction approval

Purpose

1. Automate sanctioned parties screening in real-time for gold transactions to ensure regulatory compliance.

2. Automates verification against global sanction lists (OFAC, UN, EU, FATF) before transaction approval.

3. Mitigate legal, reputational, and financial risks for gold dealers by automating pre-transaction compliance checks.

4. Enable gold buying & selling operations to automatedly block or flag high-risk transactions before settlement.

5. Automates audit trails and reporting for regulator scrutiny and internal compliance policies.

Trigger Conditions

1. Automated initiation when a new gold purchase or sale transaction is created in POS/CRM.

2. Automates checks when customer information is entered or updated during due diligence.

3. Scheduled or event-driven authentication when transactions cross a defined threshold value.

4. Automate with API webhook from online gold trading sites triggering upon checkout or payment intent.

5. Manual trigger via staff interface for walk-in transactions, automating checks on the spot.

Platform Variants

1. Refinitiv World-Check

• API: /v1/Screening/Single
  
• Automate request to screen entities or individuals against global watchlists; sample config: schedule POST with transaction party data.
  

2. ComplyAdvantage

• API: /search/people or /search/companies
  
• Automator initiates automated person/company match with real-time sanction list sources.
  

3. LexisNexis Bridger Insight XG

• Web Service: Bridge SOAP endpoint “SanctionListScreen”
  
• Automating integration to submit party info for screening; configure endpoint and credentials.
  

4. Dow Jones Risk & Compliance

• REST API: /entities/search
  
• Automate process submitting names for adverse media and sanctions checks.
  

5. Acuris Risk Intelligence

• API: /search/entity
  
• Use automator to feed party data for instant PEP/sanctions screening.
  

6. AML Partners SURETY

• API: /listscreen
  
• Automate screening using JSON payload of customer transaction data.
  

7. Thomson Reuters CLEAR

• Function: Batch Screening
  
• Automates uploading customer batch or individual lookups for automated review.
  

8. FICO TONBELLER

• SOAP Service: checkIndividualOnSanctionList
  
• Automating submission on each gold transaction for sanction list match.
  

9. Sanction Scanner

• API: /v1/search/pep-and-sanction
  
• Automate POSTing details for automated sanctions lookup with instant result.
  

10. Chainalysis KYT

• API: /transfers/match
  
• Automates transaction party and wallet address screening for crypto-gold interfaces.
  

11. Salesforce Shield

• Platform Event or Flow: Automate check on new lead/transaction entry; link to external API for screening.
  

12. SAP GRC

• Business Rule Automation: Configure “Sanctioned Party List Screening” for vendor/customer creation and sales order processes.
  

13. Microsoft Power Automate

• Connector: HTTP/Webhooks
  
• Configure flows to automating requests to sanction APIs on transactional events.
  

14. Workday

• Integration: Workday Studio + REST Call
  
• Automates screening when new vendor or customer is added to gold procurement system.
  

15. Oracle Financial Services Analytical Applications (OFSAA)

• Watchlist Screening Service
  
• Automate requests when gold buying/selling transactions are logged.
  

16. SAI Global Compliance 360

• API: risk/sanctions/enquiries
  
• Automator submits customer/transaction data for screening and alerting.
  

17. FircoSoft

• API: Firco List Service
  
• Automate bulk or single entry checks pre-payment approval.
  

18. Experian Hunter

• API: Hunter_SanctionCheck
  
• Automating workflow triggers for automated sanction list contact screening.
  

19. NICE Actimize

• Module: ActOne Watch List Filtering
  
• Automate compliance by connecting transaction workflow to sanction DB matching function.
  

20. Sift Science

• API: account/monitor
  
• Automate customer profile reviews, flag potential matches on prohibited/sanctioned entities.
  

21. GBG

• API: /screen/sanction
  
• Configure automator for instant, automated checks on customer and entity records in gold trade.
  

22. TESS (AML Solution)

• API: /aml-screen
  
• Automates screening for suspicious or sanctioned parties during transaction creation.
  

Benefits

1. Enables instant, automated regulatory compliance and reduces risk of penalties.

2. Automates accuracy and timeliness of sanction checks for high-throughput retail gold environments.

3. Removes manual, error-prone, time-consuming compliance steps through automation.

4. Automates record-keeping and lessens audit risk.

5. Supports scalability by automating sanction workflows across multiple sales channels and branches.