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Oliver Furniss, Chief Product Officer
The summer was a good balance between taking some well-deserved time off and continuing to enhance our products and the rich database empowering them. Below, you’ll find a quick update on the latest news from our product team.
Any questions? Please reach out to your customer success manager or email us at [email protected].
Transactions Monitoring & Payment Screening: Additional validation for non-UTF-8 characters
We’re constantly working hard to ensure that when you batch upload transaction spreadsheets to our solution, the results you receive are as accurate as possible.
To support this objective, we changed our validation process.
- Effective August 10th, additional validation is required for non-UTF-8 characters.
- This functionality can be configured via toggle in the platform, so if this change creates any issues, you can switch it off.
Transaction Monitoring: Launched snoozing of duplicate alerts
On 13 September, 2023, we added a helpful new feature to our Transaction Monitoring platform that helps you streamline your workflow.
Introducing the Snooze Alerts feature:
What is it? An option that allows you to temporarily stop seeing repeat alerts that you’ve already addressed.
We know how time-consuming it is to keep having to remediate the same alerts after you’ve already identified that there’s no true risk.
So, we’ve added the option to snooze these false positives, temporarily preventing them from being created without permanently turning anything off.
All you’ll have to do is define the snooze expiry date and document your reason for snoozing the alert. Here’s what that looks like:
Customer Onboarding & Screening: Refreshed UI & New Features
We rolled out enhancements to the interface of our Customer Onboarding & Screening solution, which makes it easier for you to make the most of its capabilities. We also added some exciting new features you’ll love.
- Interface uplift: Several enhancements were rolled out to make our system more user-friendly. For example, we color-coded our match status values so you can easily distinguish between cases.
- Get all your information in one place: We consolidated the ‘Internal List’ tab and the ‘ComplyAdvantage Database’ tab for more streamlined viewing.
- Easily keep track of your search criteria: We added pills (small boxes) indicating which filters are activated/selected/applied when filtering cases.
Here’s a short video explaining the new features and how to use them:
Customer Screening & Monitoring: Additions made to Sanctions, Watchlists, and PEP Lists
To continue bringing you market-leading risk data endorsed by third-party experts, we regularly update our sanctions, watchlists, and politically exposed persons (PEPs) data.
Regulations require us to implement changes within 24 hours, so we normally go ahead with such updates swiftly. However, some may involve an unusually large number of updates impacting your workload, so we proactively keep you informed of such changes.
Below is a list of updates that we released on August 31, 2023.
- Wisconsin Project on Nuclear Arms Control Iran Watch Suppliers: List of profiles of Iran’s suppliers researched and written by the Wisconsin Project. These entities – persons, companies, governments – are thought to have supplied technology, equipment, material, or expertise to Iran that would enhance Iran’s ability to construct nuclear, chemical, biological, or advanced conventional weapons or long-range missiles. Many of the entities have been explicitly identified by governments as contributing to these programs.
- Wisconsin Project on Nuclear Arms Control Iran Watch Iranian Entities: List containing profiles of Iranian entities researched and written by the Wisconsin Project. These entities – persons, companies, institutes, and government agencies – are thought to be contributing to Iran’s nuclear, chemical, or biological weapon capabilities or its missiles or advanced conventional weapon programs. Many of the entities have been explicitly identified by governments as contributing to these programs. This page includes entities removed from official sanctions lists in January 2016 as part of the nuclear agreement with Iran but remains of concern because of their past support for Iran’s nuclear, missile, and military programs.
- Ukraine National Agency on Corruption Prevention – Assets (Corporate Rights): List issued by the Ukraine National Agency on Corruption Prevention containing the corporate rights associated with individuals involved in Russia’s aggression against Ukraine.
- Ukraine NACP Foreign Directors in Russian Companies: List issued by the Ukraine National Agency on Corruption Prevention containing foreigners who continue working in Russia as CEOs, board members, or senior management, providing revenue to the Russian budget, which is used to finance the war against Ukraine.
- Ukraine NACP Legal entities identified for sanctioning: List issued by the Ukraine National Agency on Corruption Prevention containing companies that are not yet sanctioned but materially, financially, or in any other way support the actions of the Russian Federation that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine.
- Ukraine NACP Individuals identified for sanctioning: List issued by the Ukraine National Agency on Corruption Prevention containing individuals that are not yet sanctioned but materially, financially, or in any other way support the actions of the Russian Federation that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine.
- Venezuela sanction-related entities:
- Non-official list of Venezuelan State-Owned Enterprises (SOEs) is published and maintained by Vendata, an online search platform providing open data on Venezuela.
- The list includes only those SOEs that operate in gold, oil, finance, or defense and security sectors based on US Executive Order 13850 and the subsequent determinations of the Treasury. (Updated on September 20th to include US Executive Order 13884 and the subsequent Treasury’s Determinations, which include SOEs from all sectors operating in Venezuela)
- The listed SOEs are not directly subject to sanctions. However, the cited Executive Order and Determinations state that any person (individual or entity) determined by the Secretary of Treasury to be operating in any of these sectors is subject to economic sanctions.
- Canadian Securities Administrators Disciplined List: A list issued by the Canada Securities Administration covering entities disciplined for engaging in non-compliant behavior.
- Canadian Securities Administrators Cease Trade Orders: List issued by the Canadian Securities Administrators, covering entities banned from securities trading, either indefinitely or for a set period of time.
- Chile RCA Source:
- The website InfoProbidad is established based on Law No. 20,880, enacted in January 2016, to publicly disclose declarations of interest and assets of high-ranking public officials, aiming to prevent conflicts of interest, and it is hosted by the Comptroller General of the Republic and the Council for Transparency.
- These declarations reveal economic and professional involvements of the officials, including those of their spouses and certain relatives, helping to prevent conflicts of interest and illicit enrichment.
Originally published 02 October 2023, updated 02 October 2023
Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.
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