Name Screening and Reporting Obligations - US

Overview

Preventing financial crime is a critical responsibility for financial institutions operating in highly regulated environments. Name screening plays a key role in identifying sanctions risks, terrorist financing, and exposure to politically exposed persons (PEPs) while supporting compliance with anti-money laundering (AML) and sanctions regulations. This course provides a practical foundation for understanding name screening and its importance in protecting organizations, customers, and the financial system. You will learn the core principles behind name screening requirements, including the legal and regulatory foundations under the Office of Foreign Assets Control (OFAC), the Bank Secrecy Act, and related AML laws. The course explains when screening must occur, how to interpret screening results, and how to distinguish between false positives, potential matches, and confirmed matches. Additionally, you will explore enhanced due diligence requirements for PEPs, understand what constitutes blocked or sanctioned property, and learn appropriate response actions such as escalation, reporting, and asset freezing. Through practical scenarios and interactive activities, you’ll build the skills needed to apply name screening procedures accurately and confidently. Designed for compliance professionals, financial analysts, and operations staff, this course equips you with the knowledge and confidence to respond to screening alerts in line with regulatory expectations.

Syllabus

Name Screening and Reporting Essentials

In this module, you will learn the key legal and procedural requirements for name screening and property reporting in financial compliance, including screening obligations under OFAC, the Bank Secrecy Act, and U.S. AML regulations. You will explore when screening is required, what information must be reviewed, and how to respond when a potential match is identified. Through practical scenarios, you will practice conducting name screening, accurately interpreting results, distinguishing between false positives and confirmed matches, and understanding enhanced due diligence requirements for politically exposed persons (PEPs).

Final Assessment and Course Wrap-Up

This module evaluates your understanding of key concepts through a comprehensive final assessment. The module also summarizes essential takeaways and provides guidance on next steps.