Banking compliance workflow for Tallyfy

Screen customers and transactions against sanctions lists

Sanctions violations carry criminal penalties for willful non-compliance. This workflow guides staff through OFAC screening, potential match investigation, and proper documentation so true hits get blocked and false positives get resolved correctly.

3 steps

3 fields

Import into Tallyfy Preview steps

Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and assign screening tasks to compliance staff with name, screening type, and country captured at kickoff

Configure form fields to capture screening results, match disposition, investigation notes, and OFAC report numbers when filed

Track every screening through Tallyfy with 1-2 hour deadlines to ensure timely resolution and 5-year documentation retention for audits

Import this template into Tallyfy

Process steps

Run OFAC screening

1 hours from previous step

task

Submit the name through your OFAC screening system. Screen against all relevant lists: SDN, Blocked Persons, Sectoral Sanctions. For wire transfers, also screen beneficiary bank and country. Document the screening timestamp and system used.

Form fields in this step

Screening Result *

Screening Reference *

Investigate potential matches

2 hours from previous step

task

For potential matches, investigate to determine if it's a true hit or false positive. Compare all available identifiers: full name, date of birth, address, nationality. Document your analysis and conclusion. True hits require immediate escalation.

Form fields in this step

Match Disposition *

Investigation Notes

Document and proceed or block

2 hours from previous step

task

For clear results, document the screening and proceed with the transaction or account opening. For true matches, block the transaction or account and file the required reports with OFAC. Retain all screening documentation for 5 years minimum.

Form fields in this step

Final Status *

OFAC Report Number (if filed)