Published date: 26 July 2018

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 7 September 2018

Contract summary

Industry

  • Software package and information systems - 48000000

Location of contract

London

Value of contract

£0

Procurement reference

tender_166472/688900

Published date

26 July 2018

Closing date

7 September 2018

Contract start date

1 November 2018

Contract end date

31 October 2021

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

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.

More information

Additional text

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

About the buyer

Address

10th Floor Beaufort House, 15 St Botolph Street
London
EC3A 7QU
England

Email

Procurement@fscs.org.uk