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A sanctions analyst receives a letter of credit (LC) request that shows the carrier is a possible match under the Specially Designated Nationals and Blocked Persons List. Which action should the analyst take?
Sanctions and Compliance Domains state that when a potential sanctions match occurs, the first step is to conduct a proper investigation to determine whether the alert is a true match or false positive. This includes obtaining additional identifiers such as addresses, IMO numbers, registration numbers, or corporate details.
Immediate rejection or reporting is only appropriate after confirming a true match. Premature rejection without verification violates due diligence expectations. Closing the customer account is not justified without confirmed sanctions involvement.
Investigation procedures for potential sanctions matches.
Requirements to gather additional identifiers before determining match status.