The new sanctions reality: Why community financial institutions need enterprise-grade screening
2:00 PM ET / 1:00 PM CT
Sanctions risk has intensified for community financial institutions as geopolitical volatility increases and OFAC updates become more frequent and complex. Regulators now expect stronger and more defensible screening programs.
Legacy screening tools often rely on basic name matching and outdated logic, leading to excessive false positives, analyst fatigue, and operational inefficiencies. At the same time, these limitations can leave institutions exposed to real sanctions risk.
In this webinar, we’ll explore how modern, enterprise-grade screening approaches use advanced matching and secondary identifiers—such as date of birth and location—to improve accuracy, reduce noise, and better align with today’s regulatory expectations. We’ll also highlight key lessons from recent enforcement actions and what they mean for community banks and credit unions.
Key Takeaways:
- Why sanctions scrutiny is increasing for community financial institutions
- The operational and risk challenges created by legacy screening tools
- How advanced matching reduces false positives and analyst workload
- How to assess whether your sanctions screening program is fit for today’s environment
Terri Luttrell, CAMS-Audit, CFCS
Compliance and Engagement Director
Terri Luttrell is a seasoned AML professional and former director and AML/OFAC officer with over 20 years in the banking industry, working both in medium and large community and commercial banks ranging from $2 billion to $330 billion in asset size.
Elissa Brewer, CAMS, CFE
Principal Consultant
Elissa Brewer, CAMS, CFE is a Principal Consultant with Abrigo in the Advisory Services Group. She has over 20 years’ experience working in the financial institution & software industry. She has worked directly with financial institutions and FinTech’s to incorporate manual and automated solutions into their BSA, AML, and Fraud
