---
title: "Provision of Sanctions Screening Service"
ocid: "ocds-b5fd17-ebb8e27d-a110-477b-9a92-b3795c417369"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ebb8e27d-a110-477b-9a92-b3795c417369"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ebb8e27d-a110-477b-9a92-b3795c417369.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ebb8e27d-a110-477b-9a92-b3795c417369.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "FSCS"
published: "2018-07-26"
---

# Provision of Sanctions Screening Service

Buyer: FSCS  
Current stage: Tender  
OCID: ocds-b5fd17-ebb8e27d-a110-477b-9a92-b3795c417369

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## Summary

The FSCS is seeking to engage a contractor for the provision of a Sanctions Screening Service, aimed at performing batch screening of payment transactions against various sanction lists, including those from the US, UK, and UN. This tender, classified under the CPV code for software package and information systems, is currently in the tender stage, with submissions due by 7th September 2018. The contract will commence on 1st November 2018 and is expected to last until 31st October 2021. The procurement method utilised is an open procedure above the EU threshold, encouraging broad participation.

This opportunity presents significant potential for growth for businesses specialising in compliance software, transaction monitoring, or data screening solutions. Firms that can offer advanced technology tailored to handle high transaction volumes and provide accurate results, as well as those that can assist in analysing complex datasets, would be particularly well-suited for this contract. Given the active demand for such services, SMEs in the tech sector could also find this a lucrative avenue for expansion in the public procurement market.

## 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 is a new service and therefore unable to specify a contract value as this will depend on fluctuating volumes through the life of the contract

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d44b403f-c1d6-4a28-831a-e8d311054e0d |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Jul 2018 |
| Submission deadline | 7 Sep 2018 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Nov 2018 - 31 Oct 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 26 Jul 2018 at 16:55 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d44b403f-c1d6-4a28-831a-e8d311054e0d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/d44b403f-c1d6-4a28-831a-e8d311054e0d
  26th July 2018 - Opportunity notice on Contracts Finder

## 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-ebb8e27d-a110-477b-9a92-b3795c417369. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ebb8e27d-a110-477b-9a92-b3795c417369.json.