Denied Party Screening (DPS)

Effective July 19th, we will implement updates to the DPS Search engine in production. These enhancements are designed to improve search accuracy and reduce false positives by refining certain system behaviors, specifically:

Increased Penalty for Missing Terms
: Searches containing full strings will now assign lower relevance scores to matches that omit any of the constituent words. For instance, a search for "John Smith Williams" that returns "John Williams" will receive a lower score than it would have prior to the update.
Elimination of Partial Word Matching
: The engine will no longer split search terms to locate partial matches. This change aims to reduce false positives. For example, a query for "Alexander" prior to the update might have been broken into "Alex" and "Ander" in an attempt to generate matches. This behavior will no longer occur.

These adjustments reflect our ongoing commitment to providing users with more precise and reliable search results.

What it is

: The Denied Party Screening (DPS) extract now includes four new fields: Date of Birth (DOB), Sanction Program, Reason Website, and Exception Website.

Benefit to you

: These enhancements will help you work more efficiently and confidently by providing:

Improved match accuracy
: DOB helps reduce false positives.
Greater transparency
: Sanction Program clarifies the nature of restrictions.
Faster verification
: Website fields link directly to source and exception details.
Audit-ready
: More complete data supports compliance and reporting.

What it is

: We now enable you to screen multiple addresses for the same entity in a single API request, streamlining your process. Access this feature directly through the Screening API and manage addresses efficiently. We keep current Integrated search version until 25.4. After this, only the new version will remain.

Benefit to you

: You screen a company and its related addresses at once, saving time and reducing repetitive steps. This update lets you handle complex cases with greater speed and accuracy.

What it is

: We updated the screening behavior of our

Denied Party Screening product (DPS)

. In our continuous effort to enhance accuracy, we've refined the tokenization and scoring mechanisms. Previously, names like 'Alexander' might have been segmented into 'Alex' and 'Ander,' potentially causing false positives. Now, we've improved score penalization for partial matches, ensuring a more precise match is required for a positive result. Additionally, we've optimized the handling of stopwords like 'SA' and 'S.A.' to prevent common suffixes from interfering with entity matches.

Benefit to you

: This update empowers you with more accurate and relevant screening results. By reducing false positives and refining stopword detection, your searches will be more precise, enhancing both the efficiency and reliability of your data processing tasks.

Important note to you

: Following these updates, if you wish to rescreen your entities considering the new parameters, please navigate to the DPS Settings page and select Reset DPS Status. This action will ensure your screenings utilize the latest enhancements for optimal accuracy.

What it is

: We have enhanced the API

Integrated Search

by adding a new feature that allows you to update entities when you provide a

CompanyID

and set

CompanySync

tag to

Y

. This update is part of our ongoing efforts to improve system functionality and user experience.

Benefit to you

: This update provides you with an additional method to update your entities directly through the "Integrated Search" API. It's especially beneficial if you frequently use this feature, as it eliminates the need for alternate methods such as "Spreadsheet Upload" or "Company Maintenance." This streamlines your workflow and saves valuable time.

What it is

: We expand the Mass Status Update feature to let you update the status for each address linked to an entity. Add details for each change in the new Notes column, ensuring clear communication beyond the standard note.

Benefit to you

: You update the status of several companies and their addresses at once. Enter a specific note for each update, saving time and improving the accuracy of your records.

What it is

: We have implemented an update where the "DTS Submit Batch Process" will now automatically trigger the "SUBMIT NOT SCREENED COMPANIES" task when the previous batch processing is complete. This ensures continuous screening of entities without manual intervention.

Benefit to you

: This enhancement significantly reduces the waiting time for entities to be screened, thereby improving the overall efficiency and responsiveness of the system.

What it is

: We have optimized the handling of the stopword "LLC" and its variations in the Entity Screening process. Now, common suffixes no longer interfere with your entity matches. Access this update in (Main Menu > Compliance > Entity Screening).

Benefit to you

: You experience increased accuracy when screening entities. This change ensures more precise results and supports your decision-making process with greater reliability.

What it is

: We have enhanced our regulatory compliance tools by integrating new coverage for various sanction and debarment lists, including those from Bangladesh, Belgium, and the Caribbean Development Bank. This update is part of our ongoing commitment to provide comprehensive compliance solutions.

Regulation List Name	Organization Name	Details
Debarred Individuals and Firms - Bangladesh Public Procurement Authority	IMED, Ministry of Planning, Government of the People's Republic of Bangladesh	This list contains individuals and entities that have been debarred by the Bangladesh Public Procurement Authority. These parties are prohibited from bidding on or participating in any public procurement processes in Bangladesh for the specified duration. The list also serves as a public notice, informing government agencies, contractors, and the general public about entities that have been found non-compliant or unethical in their dealings.
Belgian National Sanctions List	Federal Public Service Finance	Belgium imposes financial sanctions on individuals and entities involved in terrorism, following UN Security Council Resolution 1373 (2001). These sanctions include freezing funds and assets, prohibiting financial transactions, and mandatory information sharing with the Treasury.
The Caribbean Development Bank - Sanctioned Firms and Individuals	Caribbean Development Bank	CDB sanctions firms and individuals who have engaged in fraud, corruption, collusion, coercion, interference with investigations/obstructive practices and other similar wrongdoing, in violation of CDB’s policies, procedures, and guidelines. Such wrongdoing is known collectively as Prohibited Practices.

Benefit to you

: The integration of the DPS list into the

Debarred Individuals and Firms

category, along with sanction list data, will significantly benefit you by enhancing screening capabilities and providing access to valuable information. This facilitates better decision-making and more successful outcomes.

What it is

: We now enable you to screen multiple addresses for the same entity in a single API request, streamlining your process. Access this feature directly through the Screening API and manage addresses efficiently.We keep the current Integrated search version until 25.4. After this, only the new version will remain.

Benefit to you

: You screen a company and its related addresses at once, saving time and reducing repetitive steps. This update lets you handle complex cases with greater speed and accuracy.

What it is

: You can now enable or disable the use of excluded words directly on the Quick screening page.

Benefit to you

: You gain flexibility to adapt your screenings as needed, optimizing your time and varying criteria without leaving the Quick screening page. Use this enhancement to make your screenings more precise and efficient.