---
title: "Provision of Sanctions Screening Service"
ocid: "ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FSCS"
published: "2019-03-29"
---

# Provision of Sanctions Screening Service

Buyer: FSCS  
Current stage: Award  
OCID: ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5.json)

## Summary

The procurement process involved the Financial Services Compensation Scheme (FSCS) seeking a provider for a "Provision of Sanctions Screening Service" to support compliance with various sanction lists, including those from the US, UK, and UN. The service will be located in London and is classified under the CPV code for software packages and information systems. This open procurement method was completed with a total contract value of £307,000, and the award was made on 7 December 2018. The contract began on 1 March 2019 and runs until 28 February 2022, with an option to extend for a further two years.

This tender presents significant opportunities for businesses specialising in software solutions and compliance services, particularly those with capabilities in transaction screening, data management, and enhanced due diligence. Companies equipped to manage high-volume data processing and maintain stringent service level agreements would be particularly well-suited to compete in similar future tenders. Engaging in this sector could help businesses expand their market footprint while contributing to vital regulatory compliance processes.

## Notice

Provision of a screening service to perform sanction screening. The solution will batch screen a payment transaction listing prior to the payment being issued against a prescribed list of sanction lists inc US, UK and UN sanctions lists. The solution will: - batch screen a transaction listing, returning the results in a batch file to update our CRM system, - be configurable to allow filtering of potential matches based on pre-defined criteria, - deal with incomplete data eg no DOB or incomplete address, - allow enhanced due diligence eg providing beneficial ownership information for corporate entities, - use an efficient screening algorithm that produces a low false positive rate, - be able to handle fluctuating volumes up to a maximum of 2m payment records within tight SLA. There will also be an optional service which is the provision of the first stage review of potential matches identifying and eliminating the false positives. Additional information: This contract includes the option to extend by up-to two years from the date of the expiry of the initial term.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/925ee4d0-18b7-44b2-a6bc-ec11d27327d0 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Mar 2019 |
| Submission deadline | 14 Sep 2018 |
| Future notice date | Not specified |
| Award date | 7 Dec 2018 |
| Contract period | 1 Mar 2019 - 28 Feb 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £307,000 |
| Lots value | Not specified |
| Awards value | £307,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FSCS |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LEXISNEXIS RISK SOLUTION |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 29 Mar 2019 at 15:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/925ee4d0-18b7-44b2-a6bc-ec11d27327d0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/925ee4d0-18b7-44b2-a6bc-ec11d27327d0
  29th March 2019 - Awarded contract notice on Contracts Finder
- https://ted.europa.eu/TED/notice/udl?uri=TED:NOTICE:142139-2019:TEXT:EN:HTML
  The link below is to the OJEU contract award notice

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-344dac55-65d7-453b-9d4a-cce02458ade5.json.