Case: Sanctions Compliance — screening 50,000 counterparties for a European bank
Client: a Tier-1 European bank (€180B in assets). The bank needed to comply with the EU 11th-14th sanctions packages, OFAC, UK and Swiss regimes.
AgentD22 Data solutions solution:
- Daily full screening of 50,000+ counterparties (legal entities, individuals, vessels, aircraft)
- Integration of 50+ lists: OFAC SDN/NS-CMIC, EU Consolidated, HM Treasury, SECO, UN, Russia, Ukraine, Canada, Australia, Japan
- Fuzzy matching (Levenshtein, phonetic and transliteration) for names in Cyrillic, Arabic and Chinese
- Ownership chain analysis: the 50%+ rule, indirect ownership through 3+ levels
- Real-time alerts: list changes trigger instant notification of the KYC team via API
- False positive reduction: an ML classifier (precision 0.94, recall 0.99)
Results:
- 95% of checks automated (previously 60% were manual)
- Screening time for a new counterparty cut from days to minutes
- 23 previously missed sanctioned entities identified (including recent additions from the EU 14th package)
- 40% reduction in KYC operating costs
- ECB and BaFin audit — zero findings on sanctions compliance
Technology: AgentD22 Data solutions Sanctions Shield — a streaming pipeline (Kafka and Flink), vector search for fuzzy matching, graph database for ownership chains.
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