The list of sanctioned assets has spiked dramatically recently. It is imperative for banks to have efficient mechanisms in place to deal with the transactions of assets on this list. This includes transactions related to assets on this list.

Avensic supports you with the analysis and implementation of a scalable and tailor-made solution. This includes the creation of necessary reports and the automatic blocking of transactions of sanctioned assets.

• Analysis and tailor-made solution design

• Implementation for importing sanctioned assets

• Implementation for reporting of affected positions

• Implementation of automatic validation of transactions

• Hand-over and documentation

• Import sanctioned assets' list from various data providers

• Reporting of affected positions

• Blocking of transactions of affected assets