Pre-screen wire beneficiaries and align fiat screening with the bank
Fiat payments are screened by the sponsor bank in its own systems, and the Company documents which screens the bank runs on the program and which alerts it routes back for investigation; until that protocol is live, the AML Compliance Officer requests a weekly export of fiat sanctions flags. Independently, the beneficiary of every wire at or above the program threshold is reviewed against the SDN List before transmission, and cross-border wires are screened for comprehensive-program jurisdiction risk.
Event-driven
Each wire at or above the threshold, before transmission; weekly flag export until the routing protocol is live
Screen each qualifying wire beneficiary before release, agree the fiat alert routing with the sponsor bank in writing, and collect the weekly export until routing is in place.
- Pre-transmission screening record
Per wire: beneficiary, list version, result, time, releaser
- Fiat screening protocol
Written agreement with the sponsor bank on screens run and alerts routed
- Weekly flag export
Export received, date, flags and dispositions
Operations
Leela can watch for the trigger, keep the clock, and flag what is late.
Leela can hold each qualifying wire until its screening result is recorded and chase the weekly export while the protocol is pending.
Tell Leela about your company to see whether this applies.
Tell Leela how you handle it today, or hand it over: see what’s next.