PeopleSoft Enterprise Banks Setup and Processing 9.1 PeopleBook

Setting Up and Using the Financial Sanctions Service

This chapter provides an overview of the financial sanctions service and discusses how to:

Import the Specially Designated Nationals (SDN) list.
Create an SDN search index.
Search the financial sanctions data.

Understanding the Financial Sanctions Service

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals, as well as the mandates of the United Nations and other international organizations.

The targets of these sanctions—Specially Designated Nationals (SDN)—are individuals or entities that engage in terrorism, international narcotics trafficking, and activities that are related to the proliferation of weapons of mass destruction. The OFAC enforces these sanctions against SDNs by freezing their assets under US jurisdiction and by controlling their transactions.

PeopleSoft enables users to download the list of SDNs from the OFAC and the European Union, as well as enterprise sources. Once installed, users can manually search the list to validate such entities as banks, payees, and vendors. In addition to manual searches, users of PeopleSoft Enterprise Cash Management, Financial Gateway, Order Management, and Payables can enable searches to be performed automatically when processing transactions. If, for example, a name or bank matches one that is on the SDN list, these applications provide a process for administrators to verify that the match is correct and prevent any financial transactions from occurring with that individual or entity or approve the transaction if the match proves to be a false positive.

The SDN search function can also use third-party applications that can accept XML-based search requests and create XML messages containing the search results using Web services protocol.

Importing the SDN List

This section provides an overview of the SDN List Import process and discusses how to:

Import the financial sanction list.
Build and rebuild the SDN-list, search indexes.

Understanding the SDN List Import

This diagram illustrates importing the Specially Designated Nationals (SDN) List from an XML data file using the File Import Process and populating the corresponding application tables with the SDN data.

The SDN List Import process

The SDN List Import process involves the following steps:

An administrator enters information pertaining to a financial-sanctions, SDN, data file in XML format.

This initiates the File Import Application Engine process (IMPORT_FILES), which functions as an interface or shell to define the necessary commands for the system to import the SDN data files.
The File Import Application Engine reads the layout definition data for the file (which is stored in the Layout Catalog ) and calls the corresponding transformation process.
Using the SDN_LOAD IP message, the transformation Application Engine loads the data into the application tables.

See Setting Up Electronic Banking Using Financial Gateway.

Pages Used to Import the SDN List

Page Name	Definition Name	Navigation	Usage
Import Financial Sanction List	BSP_IMPORT	Banking, Financial Sanctions, Import Financial Sanction List	Load the financial sanctions SDN list into the system.
Search Index Admin (Administration)	SIA_ADMINISTER	PeopleTools, Search Engine, Administration	Build the initial search indexes for the downloaded financial sanctions data. Also, use this page to rebuild the search indexes after downloading updated, financial-sanctions data.

Importing the Financial Sanction List

Access the Import Financial Sanction List page (Banking, Financial Sanctions, Import Financial Sanction List).

Import Type

Select the method to import the sanction data. Options are:

FTP: Select if you are importing the file by using file transfer protocol, and enter a node through which to transfer the data.

File: Select if you are importing a file from a file server, and complete the File Path and File Name fields.

HTTP: The OFAC and European Union (EU) Web sites provide access to the sanctions list using a URL. No file path or file name is required.

Integration Node

Enter the node to use to transfer the data. This field appears only if FTP or HTTP is selected as the import type.

See Defining Integration Broker Settings for Bank Statements and Payment Acknowledgments.

See PeopleTools PeopleBook: PeopleSoft Integration Broker, "Using Listening Connectors and Target Connectors," Working with AS2 Connectors

See PeopleTools PeopleBook: PeopleSoft Integration Broker, "Configuring Nodes and Transactions"

View Integration Node Details

Click to access the Node Details page and review property details of the selected node. This link appears only if FTP or HTTP is selected as the import type.

File Path

Enter the complete file path location. To select files by using the Select File button, the file path must have a trailing backslash (\).

You can also search for files of a specific type by entering an asterisk and the extension suffix. For example, to search all files with an .XML suffix, enter:

\*.XML

File Selection Help

Click to view help information about specifying file paths and file names.

File Name

Select the specific file to import. If you want to import multiple files based on extension, leave this field blank.

Layout

Select the file layout of the SDN list file that is being imported. PeopleSoft provides the following layouts:

OFAC: Layout that is used to download SDN data from OFAC.

EU: Layout that is used to download financial sanctions data identified by the European Union.

SDN_LOAD: Generic that is layout used to download Enterprise Sanctions List data that is generated within your organization.

Advanced Options

Encryption Profile	Select an encryption profile to decrypt bank statements. Encryption profiles contain both encryption and decryption information.
Use Integration Broker	Select to lay out the files and publish the formatted document to PeopleSoft Integration Broker. Integration Broker then processes the formatted file accordingly. You select this option if you want to use the financial sanctions information as a trigger to Integration Broker to perform other processes, or to integrate with other systems.
Post Process File Action	Select what action, if any, to perform on the bank statement files after the data has been processed. The options are: Copy: Copy the file to the directory that is entered in the Post Process File Directory field. Delete: Delete the file after the data in it is processed. Move: Move the file to the directory that is entered in the Post Process File Directory field. None: Perform no action.
Post Process File Directory	Enter a file path to the directory to which the file will be moved or copied if either option is selected as the post process file action.

Layout Properties

Value

Property codes and values appear by default from values that are defined on the selected layout ID.

If you configure unique code mappings for a layout (on the Code Mappings page), you need to modify the displayed CODE_MAP_GROUP value with the appropriate unique map value.

See Defining Code Mappings for Bank Statements, Payments, and Payment Acknowledgments.

Building and Rebuilding the SDN-List, Search Indexes

The SDN search engine uses the Verity search technology to perform a more thorough search of the SDN data than simply querying the database. It provides pattern-based matching as well as substitutional mapping of data that can identify and find such things as abbreviations. For you to use the Verity search engine, Verity requires indexing of the data that is being searched. Use this page to initially build and rebuild the delivered SDN_SEARCH_ADDR and SDN_SEARCH_NAME search indexes.

Access the Search Index Admin page (PeopleTools, Search Engine, Administration).

To initially build or rebuild an existing SDN search index:

Select SDN_SEARCH_ADDR and SDN_SEARCH_NAME.

You must initially build both the SDN_SEARCH_ADDR and the SDN_SEARCH_NAME indexes for the downloaded financial sanctions data.

You must rebuild both the SDN_SEARCH_ADDR and the SDN_SEARCH_NAME indexes after downloading updated, financial sanctions data.
Click the Schedule link for both the SDN_SEARCH_ADDR and the SDN_SEARCH_NAME indexes.

The Search Index Admin secondary page appears.
In the Type of Build field, select Rebuild.

Note. Select Rebuild as the type of build for the initial build as well as for the rebuild.
Select the Run Recurrence Name and Server Name, and then click OK.

This returns you to the Search Index Admin page.
Click Save.

Searching the Financial Sanctions Data

After you have downloaded the financial-sanctions data and constructed the search index, you can conduct searches to verify transactions and vendor status.

This section discusses how to view financial sanctions inquiry results.

Pages Used to Search the Financial Sanctions Data

Page Name	Definition Name	Navigation	Usage
Financial Sanctions Inquiry	SDN_INQUIRY	Banking, Financial Sanctions, Financials Sanctions Inquiry	Search the financial sanctions SDN data using criteria that is specified at the top of the page. Users can define how data in key fields is filtered. Results of each search are displayed at the bottom of the page. You can create and save specialized searches that can be used in future inquiries.
Financial Sanctions Entry	SDN_ENTRY_DTL	Banking, Financial Sanctions, Financials Sanctions Inquiry After conducting a search on the OFAC SDN Inquiry page, click an Entry ID link in the Search Results grid.	View details of an SDN entry that was the results of an inquiry on the OFAC SDN Inquiry page.

Page Name

Definition Name

Navigation

Usage

Financial Sanctions Inquiry

SDN_INQUIRY

Banking, Financial Sanctions, Financials Sanctions Inquiry

Search the financial sanctions SDN data using criteria that is specified at the top of the page. Users can define how data in key fields is filtered. Results of each search are displayed at the bottom of the page.

You can create and save specialized searches that can be used in future inquiries.

Financial Sanctions Entry

SDN_ENTRY_DTL

Banking, Financial Sanctions, Financials Sanctions Inquiry

After conducting a search on the OFAC SDN Inquiry page, click an Entry ID link in the Search Results grid.

View details of an SDN entry that was the results of an inquiry on the OFAC SDN Inquiry page.

Viewing Financial Sanctions Inquiry Results

Access the Financial Sanctions Inquiry page (Banking, Financial Sanctions, Financials Sanctions Inquiry).

Sanctions List Type

Select the entity that provided the data from which you want to run an inquiry. Values are:

OFAC: Search the data from the US Department of the Treasury's Office of Foreign Assets Control.

EU: Search the data from the European Union.

Enterprise SDN: Search the data that is generated from within your organization.

You can use the remaining fields to narrow your search. You can save your search definitions for future inquiries by clicking Save Search Criteria. The search criteria are saved using the names that you give them and will appear in the Saved Searches field.

Search	Click to initiate the inquiry process. The results of the inquiry appear in the Search Results grid at the bottom of the page.
Entry ID	Click to view details of a particular search return on the Financial Sanctions Entry page.

Viewing the Details of a Financial-Sanctions Entry

Access the Financial Sanctions Entry page (Banking, Financial Sanctions, Financials Sanctions List. After conducting a search on the OFAC SDN Inquiry page, click an Entry ID link in the Search Results grid).

ID	Unique identifiers for each entry type.
ID Type	Signifies the type of identification, such as passport number, drivers license, social security, and so forth. The a.k.a. (Also Known As) ID type in the Alias Information grid denotes secondary identifiers for the entity.
Expiration Date	The date that the financial sanctions entry expires.
Main Entry	Signifies that this is the primary entry for the particular group.
Country	In the Identification Information grid, the country field displays the country that the identification was issued. In the Nationality Information grid, the country field displays the nationality of the entity.

Import Type	Select the method to import the sanction data. Options are: FTP: Select if you are importing the file by using file transfer protocol, and enter a node through which to transfer the data. File: Select if you are importing a file from a file server, and complete the File Path and File Name fields. HTTP: The OFAC and European Union (EU) Web sites provide access to the sanctions list using a URL. No file path or file name is required.
Integration Node	Enter the node to use to transfer the data. This field appears only if FTP or HTTP is selected as the import type. See Defining Integration Broker Settings for Bank Statements and Payment Acknowledgments. See PeopleTools PeopleBook: PeopleSoft Integration Broker, "Using Listening Connectors and Target Connectors," Working with AS2 Connectors See PeopleTools PeopleBook: PeopleSoft Integration Broker, "Configuring Nodes and Transactions"
View Integration Node Details	Click to access the Node Details page and review property details of the selected node. This link appears only if FTP or HTTP is selected as the import type.
File Path	Enter the complete file path location. To select files by using the Select File button, the file path must have a trailing backslash (\). You can also search for files of a specific type by entering an asterisk and the extension suffix. For example, to search all files with an .XML suffix, enter: \*.XML
File Selection Help	Click to view help information about specifying file paths and file names.
File Name	Select the specific file to import. If you want to import multiple files based on extension, leave this field blank.
Layout	Select the file layout of the SDN list file that is being imported. PeopleSoft provides the following layouts: OFAC: Layout that is used to download SDN data from OFAC. EU: Layout that is used to download financial sanctions data identified by the European Union. SDN_LOAD: Generic that is layout used to download Enterprise Sanctions List data that is generated within your organization.