Sanctions List Distribution

SWIFT’s Sanctions List Distribution offers institutions a cost-effective way to source and manage business-critical public sanctions list changes.  

Keeping sanctions lists and filters up-to-date is a vital element in ensuring effective compliance, but it’s demanding work: Collecting and re-formatting sanctions data from public lists sources is time-consuming, and can lead to information gaps and implementation delays. Even if you use lists from data providers, you can still encounter formatting issues and delays due to non-standard format data.

Our Sanctions List Distribution service puts an end to manual updates and formatting, enabling you to focus fully on managing your filter updates and alerts. As a shared service within our Financial Crime Compliance product suite, it offers a very cost-effective solution to an industry-wide need.

Sanctions List Distribution automatically updates the most commonly used public sanctions lists, validates the accuracy of data and standardises data and content formats. Up-to-date lists will be available for download from the SWIFTRef platform in OFAC standard XML format, enabling prompt and efficient implementation in your filters and screening systems.

The service is available now and covers the most commonly used public sanctions lists, including European Union, OFAC and United Nations lists. Further lists will be added to support sanctions compliance by our community.

In 2017 we’ll be introducing our List Management Service. This hosted solution will enable customers to manage various list sources, such as public sanctions lists, private lists, and third-party vendor and PEP lists. Customers will also be able to customize their list feeds through a centralized platform. The list data feed will be customized to meet each customer’s own requirements for their screening systems, in line with their institution’s policy.