Tech
Exact Match Or Fuzzy Logic For OFAC? 1,400 Tests Changed My Mind.
api, #security, #compliance, #discuss
Last Tuesday I typed Sergei Ivanov into a sanctions screener and watched it explode. The API came back with 101 total matches : 50 from OFAC SDN, 1 from the UN Consolidated list, 50 from EU FSF, and zero from UK FCDO or BIS CSL. Threshold was 0.7. One common Russian name. A hundred and one alerts.
I'd spent the previous week arguing that fuzzy logic was the only responsible way to catch sanctions evaders. They change spellings, swap transliteration...
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