Overview of Financial Sanctions Validation

PeopleSoft provides validation of your suppliers against any financial sanctions list at the supplier level, voucher level, and payment level. The system validates the supplier's:

  • Names.

  • Payment alternate names.

  • Withholding alternate names.

  • Addresses.

  • Country.

To perform financial sanctions validation:

  1. Specify options on the Financial Sanctions Options page of the Installation component (INSTALLATION).

    How the system validates your suppliers depend on if you enable financial sanctions for PeopleSoft Payables and eSettlements at the installation level or the bank level. The system's actions are discussed in detail in the following section.

    The Search Framework search engine is used to perform the search on the financial sanctions data. For the system to identify the most accurate match results, the system searches only the name fields against the name search index and the address fields against the address search index. The system passes the name and address fields and weighting factors to the search indexes. It then compares the results of the Search Framework and reports it as a possible match if the score is greater than the Search Framework Score Threshold field defined on the Financial Sanctions Options page.

    See Application Fundamentals: Financial Sanctions Options Page.

  2. If you enable financial sanctions at the bank level, you must specify the banks on the Bank Information page.

    Note:

    This step is not applicable if you enable financial sanctions at the installation level, because all suppliers are validated.

    See PeopleSoft Banks Setup and Processing: Defining Bank Information.

  3. Load the financial sanctions list into the system using the Import Financial Sanction List page.

    You must build search indexes for downloaded financial sanctions data. Use the Search Index Admin page to build and rebuild the search indexes.

    Note:

    After you load a file, you must rebuild the search indexes.

    See PeopleSoft Banks Setup and Processing: Importing the SDN List.

  4. (Optional) Review the financial sanctions data using the Financial Sanctions Inquiry page to verify transactions and supplier status.

    See PeopleSoft Banks Setup and Processing: Searching the Financial Sanctions Data.

  5. Create a supplier using the Supplier Information component.

    At the supplier level, the system validates your supplier names and addresses:

    • Upon saving the supplier if financial sanctions is enabled at the installation level, and the SDN Validation at save check box is selected on the Supplier Set Control page.

    • On an ad hoc basis by clicking the Financial Sanctions edit button if financial sanctions is enabled at the installation level, and the SDN Validation at save check box is not selected on the Supplier Set Control page.

    • Running the Financial Sanctions Validation Application Engine process (AP_SDN_VAL).

  6. Enter supplier transactions.

    Again, how the system validates your suppliers depends on if you enable financial sanctions for PeopleSoft Payables and eSettlements at the installation level or the bank level. The system's actions are discussed in detail in the following section and other set of topics in the documentation PeopleSoft Payables and the PeopleSoft eSettlements .

    See PeopleSoft Payables: Voucher Validation.

    See PeopleSoft Payables: Understanding Pay Cycle Alerts.

    See PeopleSoft eSettlements: Understanding Supplier Registration.