Compliance with Canadian Sanctions
Canada’s Office of the Superintendent of Financial Institutions (OSFI) maintains a list of designated persons and entities subject to sanctions related to multiple Canadian statutes and regulations. The addition of the OSFI sanctions list to Watch List Screening within IdentiFlo allows clients of EVS that are conducting financial transactions within Canada or with Canadian citizens (including Canadian citizens residing outside of Canada) to search against Designated Persons to assist in their anti-money laundering (AML) and anti-terrorist financing compliance efforts.
As with other Watch Lists, the IdentiFlo Management Platform provides multiple methods of screening against the OSFI sanctions list. Watch list screening can be performed as a separate request or as an integrated component to any EVS identity verification solution, and with either approach screening can be performed manually within IdentiFlo, as part of a batch process, or integrated into existing processing using the IdentiFlo API.