Sanctions screening at the settlement layer means checking all transaction counterparties against sanctions lists (OFAC SDN, EU Consolidated List, UN Sanctions, OpenSanctions) before a settlement can execute. Unlike traditional post-trade screening, settlement-layer screening prevents prohibited transactions from completing.
Traditional sanctions screening happens after transactions settle, creating compliance gaps and requiring costly remediation. Financial institutions face significant fines for sanctions violations - OFAC penalties can reach millions per violation. Real-time screening at the settlement layer eliminates the window between execution and detection.
JIL integrates sanctions screening directly into the settlement protocol through its KYC service. OpenSanctions and OFAC list screening happens at settlement time - before any value moves. The risk scoring engine with automatic hold/reject thresholds ensures prohibited transactions are blocked, not just flagged. BEC detection with domain age and email verification adds an additional layer of fraud prevention.
Sanctions screening occurs at settlement time, before any value moves. If a counterparty matches a sanctions list entry, the transaction is blocked, not just flagged for review after the fact.
JIL screens against OFAC SDN list, EU Consolidated List, UN Sanctions, and the comprehensive OpenSanctions database. The risk scoring engine combines multiple data sources for a 0-100 risk score with configurable auto-approve, hold, and reject thresholds.