9.4.2 Sanctions Check
Sanctions Check refers to the process of verifying payment transactions against sanctions lists to ensure that the transaction complies with global regulatory requirements.
If sanction check is applicable for the Network and Source (based on the preference maintained in the existing maintenance Source Network Preferences (PMDSORNW)) and for the customer, then sanctions screening is done for the Resolution of Investigation (camt.029) message.
Depending on the sanctions response status the following actions are
taken:
- Accepted/ Rejected: If the response is received as Accepted/Reject on the same day, the Reject transaction sanctions status is updated accordingly, and the processing continues with the next step.
- Seized: In case of the Seized response, the Sanction status will be updated as Seized and the transaction will not be processed further.
Note:
User can select the checkbox Disable for Inbound maintained for the Network Code and Message Type in the Sanctions Restrictions Detailed (PMDSCRES) screen, to skip sanctions screening for Inbound Resolution of Investigation (camt.029).Parent topic: Outbound Cancellation Response Processing