Only Screen What Is Necessary
Different data types can be used to add more context to the screening process. The paper gives some examples such as passport numbers, which can provide extra certainty in identification. However, banks can mistakenly produce additional false positives if a sanctioned entity (such as, say, Cuba, NY) is entered and gets matched with the embargoed country.
Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio