BankingSanctions screening

European bank re-screens 12,000 counterparties overnight

<12hfrom list update to full-book clearance

A mid-size EU bank must re-screen its full counterparty book against OFAC, EU, UN and UK lists after every list update — previously a week-long manual scramble.

Challenge

Each consolidated list update triggered a manual re-screen of 12,000 counterparties. Results arrived in 6–8 days, leaving the bank exposed mid-window and auditors unhappy with the lag.

Solution

Batch screening through DueVestor's API re-screens the whole book overnight, and a Type C report ($249) documents remediation on every true-positive hit. Continuous monitoring ($5/month per entity) flags changes between cycles.

Results

12,000counterparties re-screened per cycle

<12hupdate-to-clearance window, down from 6–8 days

100%audit-trail coverage on true-positive hits

$249Type C report per escalated hit

Audit asked how long a new list takes to clear. The answer is now: by tomorrow morning.

— Sanctions Officer, EU retail bank

Want results like these for your team?

Tell us about your screening workflow and we'll show you how DueVestor fits — start with a Type A report at $79.

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