OFSI AML Checks

Stay Compliant 24/7 - Because Your Customer Could Be Sanctioned at Any Time!

New OFSI regulations came into force on May 14, 2025, making ongoing sanctions checks essential! That's why AgentOS has launched an integrated OFSI (Office of Financial Sanctions Implementation) monitoring service that provides automated checks every 24 hours against all sanctioned individuals and entities.

 

Why 24-Hour Monitoring Matters

One-off checks leave you exposed. Someone who's clear today could be sanctioned tomorrow. Traditional AML checks create dangerous gaps in your compliance because they only capture a snapshot in time.

Real success story: Our 24-hour monitoring recently caught a 100% match sanctioned company hiding behind a tenant's name - a breach that would have been missed by standard one-off checking, potentially saving our client from OFSI fines of up to £1 million.

Complete "OFSI in a Box" Solution

This new service provides automated peace of mind by:

• Continuous 24-hour monitoring vs risky one-off checks that are time-consuming, create gaps, and get skipped when busy
• Catches blind spots - monitors who's actually paying (the "rich uncle" scenario)
• Less than a penny per day for complete peace of mind

Who's Covered and Cost Control

Comprehensive monitoring of all people on your agentOS account including:

• Landlords and tenants
• Contractors and applicants
• Buyers and vendors
• Anyone making payments on behalf of others

Smart cost control features:

• Toggle checks by customer type - choose exactly who to monitor
• 20p per person per month for daily monitoring
• Automatic 6-month cut-off for inactive customers or payees
• Full cost transparency - you control every aspect of monitoring

Service Availability

This service is available to:

• AgentOS users - opt-out model with flexible control options
• AgentPay customers - required service for enhanced payment protection
• Calmony client bank account holders - mandatory for all payment processing

How to Access OFSI Monitoring

Check Your Sanctions Monitoring Dashboard

Head to the accounts tab and select the Calmony Sanctions Monitoring icon

This dashboard shows the automatic monitoring of all people on your agentOS account against the sanctions register, providing you with a comprehensive view of potential matches.

It's then up to you, based on these fuzzy matched results, whether you would like to carry out an AML check against a person 

 

Understanding Fuzzy Matches

What is a fuzzy match? 

A fuzzy match uses algorithms to analyse similarities between your client data and the sanctions list, assigning a "fuzzy score" to indicate the likelihood of a match. Instead of requiring an exact match to flag someone as a potential risk, it allows for variations and potential errors.

Why is it essential?
Sanctions screening involves comparing names and entities against large lists, which may contain misspellings, aliases, or different translations of the same name. Fuzzy matching helps to identify potential matches that might be missed by strict exact matching. This ensures the reduced risk of overlooking individuals or entities subject to sanctions. 

Example:
A name like "John Citizen" might be a fuzzy match for "Jon Citizen" on a sanctions list.

Review Individual Client Matches

Head to the persons profile on agentOS > on their Overview page you will find the UK Sanctions Check widget > select the View Match Details button to see their results. 

The pop-up screen will then highlight the match details against that individual

Taking Action on Potential Matches

Performing AML Checks

When you identify a potential sanctions match, you can perform an AML check either:

• Via the Calmony Sanctions Monitoring list, or
• Via the individual's profile on agentOS

When you click the Perform AML Check button the following screen will appear:

Here you can specify which check type you would like to issue, as well as the email template you would like to send out with the check. 

For more information on AML check, please see the following article:

Anti-Money Laundering (AML), ID and Right to Rent/Work Checks

New Revenue Opportunity: Compliance Fees

Turn compliance into revenue-neutral costs: Many of our clients are introducing a new 'compliance fee' to cover OFSI monitoring expenses, ensuring regulatory requirements don't impact profitability while maintaining complete compliance.

Risk Without 24-Hour Monitoring

Without continuous monitoring, you risk:

• OFSI fines up to £1 million per sanctions breach
• Compliance gaps during busy periods when manual checks get skipped
• Missing sanctions updates between periodic manual checks
• Reputational damage from facilitating sanctioned transactions

Remember: A one-off AML check cannot fully protect you - only 24-hour monitoring provides complete coverage against sanctions risk.

Getting Support

For questions about:

• OFSI monitoring setup and cost control options
• Creating specific check types for sanctioned individuals
• Implementing compliance fee structures
• Any technical assistance

Contact: [e-mail] 

Our specialist compliance team can guide you through all aspects of the service and help you implement monitoring preferences that work for your business.

Key takeaway: Ongoing sanctions checks are now essential for compliance. Our automated 24-hour monitoring catches what one-off checks miss, providing complete protection for less than a penny per day per person.