Sanctions / OFAC
SO-01Screen each customer and its owners before activating the account
How Leela would run itEvent-driven · each new customer, before account activation; again at each periodic review
From the policy libraryThe requirement
Every customer, each beneficial owner, and each control person is screened against the SDN List and OFAC’s consolidated sanctions list when onboarding information is submitted. No account is activated and no transaction is processed until a screening result is on file, and the screen is repeated at each periodic review.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Run the watchlist screen on the entity, its owners, and its control persons, record the result against the customer, and keep activation blocked until a clear result or a closed investigation is on file.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Screening resultPlatform report per entity, owner, and control person with match dispositions
- 02Activation gate recordDate of screening result and date of activation, showing the order
Evidence
Screening result
Sanctions / OFAC §3.1
2
of 2 records
The work and the records come from this obligation in the policy library.