OFAC Sanctions Search demo
One verdict line: prohibited, authorized under a general license, or not covered. Below it, the license's conditions matched to the facts in the question and the payment, each with its source passage and its dates 1:31
What the demo shows
Bank staff ask if a party, country or payment is sanctioned or licensed, source cited
A person asks in plain words and can attach the payment. Agents read the question and the payment's fields, screen every party against the SDN and non-SDN lists, and find the program, the prohibition and every general license and FAQ in force today. The answer starts with one verdict line: prohibited, authorized under a general license, or not covered. Below it, the license is broken into its conditions and each is matched to a fact, with where the fact came from and the source passage behind it. When a fact is missing, the agent asks one plain question instead of guessing. The bank's policy decides who confirms: answers that touch Cuba, Iran, North Korea or the occupied regions of Ukraine go to the BSA/OFAC Officer before the payment moves, then the confirmed answer is attached to the payment, or handed to ownership review or OFAC reporting. A watch agent re-checks past answers whenever a source, a list or a license date changes.
Transcript
- OFAC Sanctions Search tells bank staff if a payment is sanctioned or licensed, with the source.
- Sanctions are strict liability, and the rules change weekly.
- A customer wants to wire thirty-two hundred dollars for medical supplies to an Iranian hospital.
- The agents read the draft wire, screen every party and check today's rules.
- One line first: authorized under a general license. Below, each condition matched to a fact and its source.
- One fact is missing, so the agent asks: is any item on OFAC's list?
- The branch answers no. All eight conditions are met.
- Iran needs the OFAC Officer, so Joanna confirms; the asker never does.
- She confirms with a reason code, and the answer is attached to the wire.
- Every question, source and confirmation is kept ten years for examiners.
- This year: thirty-seven hundred cited answers, confirmed in a median thirty-eight minutes.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.