Automation
Sanctions Screening
Sanctions screening is the regulator-mandated check of customers, transactions, and counterparties against OFAC, UN, EU, and UK sanctions lists. AI in sanctions screening reduces false positives by 40–70% over rule-based name-matching by handling transliteration, alias resolution, and contextual disambiguation. Pure-AI sanctions screening is not regulator-acceptable; AI overlays a rule-based safety floor.
Related terms
- AI Compliance — AI compliance is the demonstrable conformance of AI deployments to applicable laws and standards — GDPR, PIPEDA, the EU AI Act, NIST AI RMF, ISO/IEC 42001, sector-specific rules in healthcare, finance, and government.
- Fraud Detection (AI) — AI fraud detection uses ensemble models — rule-based screens, classical machine learning, and large language models — each catching what the previous layer missed.