Sanctions screening, in its current state, is broken. In a time when cars can drive themselves and technology can outperform doctors in diagnosing brain tumors, false positive rates of 90% and above are viewed as acceptable within screening programs. It is time to challenge that...

The complex techniques some individuals and organizations employ to avoid sanctions regulations issued by the Office of Foreign Assets Control (OFAC) often make headlines. Although criminals intentionally evade sanctions, financial institutions (FIs) may unintentionally facilitate sanctions evasion—resulting in not only financial and reputational risk, but...