Verification Procedures: We conduct thorough identity verification for
new customers using government-issued documents, biometric verification, or
third-party verification services.
Enhanced Due Diligence (EDD): For higher-risk clients, we perform
enhanced due diligence, including the source of funds, to identify potential
sanctions risks.
Automated Screening Tools: We screen transactions and parties against
global sanctions lists (e.g., OFAC) in real-time to prevent unauthorized
transactions.
Global IP Denylist: We block IP Addresses from Government affiliated
entities, as well.
Regular List Updates: We ensure that our screening tool is updated
regularly to reflect changes in sanctions lists. We maintain and monitor
addresses from the
Specially Designated Nationals (SDN) list of
the US Office of Foreign Asset Control. We maintain an open source tool that
automates the update process for new addresses, which can be found here:
sambacha/ofac-list