Bank Account Verification & Sanctions Screening
Available for | Roles | Any Levelpath user with access to a supplier’s profile can view results; users who can edit supplier bank details or manage suppliers can trigger a manual re-validation or run sanctions screening. |
Permissions | Both bank account verification and sanctions screening are enabled for your organization by Levelpath. There is no separate connection to set up and no portal to log into. | |
Object Permissions | Results are visible only to Levelpath users who already have visibility into the supplier profile. The supplier is never shown the results. |
Purpose: This guide explains how Levelpath automatically verifies a supplier’s bank account details and screens business suppliers against global sanctions and watchlists using J.P. Morgan’s validation services. It covers what each check looks at, the results you may see and what they mean, where results appear, and what to do about them. It is intended for the Levelpath users who manage and review suppliers.
What Is Bank Account Verification & Sanctions Screening?
Levelpath uses J.P. Morgan’s validation services to check two things about your suppliers: that a supplier’s bank account details are valid and belong to them, and that a business supplier is not on a global sanctions or watchlist. Both checks run as part of the supplier record — there is no manual lookup and no separate portal to log into — and each returns a result within the same flow. This helps your team catch invalid payment details or a high-risk supplier before either one reaches a payment.
Note: Both features are enabled for your organization by Levelpath. Results appear directly on the supplier record and are visible only to Levelpath users who can already see that supplier.
Bank Account Verification
What gets checked
When a supplier’s bank account is verified, Levelpath confirms:
- The account is open and in good standing.
- The account and routing numbers (or IBAN, for non-U.S. accounts) are valid.
- The name on the account matches the supplier’s name on file.
Supported account types
- U.S. bank accounts — account number and routing number (ABA).
- International accounts — IBAN (validated through J.P. Morgan’s Global Account Validation).
Other identifier types (for example SWIFT-only accounts or country-local codes) are not yet supported for automatic validation; those accounts can still be saved and used.
When verification runs
Verification happens automatically in the background — no extra steps are required from your team or the supplier:
- When a bank account is first captured on a supplier.
- When an existing bank account’s details are edited.
- During supplier onboarding.
You can also re-run a check at any time using the Verify / re-validate control next to the bank account — useful after correcting details or when a result came back as unavailable.
What the result means
Each bank account shows a verification status. You may see any of the following:
Status | What it means |
|---|---|
Verifying | Validation is queued or in progress. The bank account can still be used while validation completes. |
Verified | The account is valid and the account-holder name matches. |
Indeterminate | J.P. Morgan could not return a definitive result. The account looks valid, but the holder couldn’t be fully confirmed — review the bank details before using the account. |
Verification failed | A definitive negative result: the account is closed or invalid, or the name did not match. Review the bank details before using the account. |
Verification unavailable | The check couldn’t be completed after retrying. Re-validate the bank account to try again, or contact support if it continues. |
Unable to validate | This account identifier isn’t supported for automatic validation. The bank account can still be saved and used. |
The detail behind a result
Hovering a status shows more detail when it’s available, so you can understand why a result came back the way it did:
- Account status — e.g. “Open Valid,” closed/invalid, or no information.
- Name match — a score from 0–100 for how closely the account-holder name matched (81 or higher is treated as a match).
- Ownership result — whether the provided name matched, did not match, or had no information.
- Confidence score — an overall score from 0–1000 (higher is safer) shown as a Red / Amber / Green indicator, when provided.
- Account type and account age — e.g. consumer checking, “> 3 years,” when provided.
- What triggered the check — system (on capture, on edit, or onboarding) or a manual re-validation, and who ran it.
Business Sanctions Screening
What gets checked
Levelpath screens a business supplier’s name and country against sanctions and watchlists — including OFAC and other government-maintained lists — to flag suppliers that may pose a compliance risk.
Note: Sanctions screening checks the business name and country only. Verifying a supplier’s tax ID or business registration details is not yet available in Levelpath.
When screening runs
Screening is run from the supplier’s commercial entity using the Screen supplier action; once a result exists, you can run it again with Re-screen (for example after updating the supplier’s name or country). While a screen is running, the status shows “Screening…” and the result appears shortly after.
What the result means
The commercial entity shows a screening status:
Status | What it means |
|---|---|
Screening… | A screen is in progress; the result will appear shortly. |
No sanctions match | No match was found on the screened sanctions lists. |
Potential sanctions match | A possible match was found on a sanctions or watchlist. Manual review is required before moving forward with the supplier. |
Not screenable | The supplier couldn’t be screened — for example the business name is blank, longer than 100 characters, or in a non-Latin script, or the country couldn’t be recognized. |
Screening unavailable | The screen couldn’t be completed. Try again later. |
When there is a potential match
A potential match opens a detailed view listing each matched record so your team can review it — including the matched name and any aliases, the sanctions/watchlists the record appears on, and associated addresses. We recommend reviewing the supplier manually before proceeding; Levelpath does not block the supplier automatically.
Where Results Appear, Visibility & FAQ
Where results appear
- Bank account verification — on each bank account on the supplier’s payable-entity/bank-account list, and in the supplier onboarding review.
- Sanctions screening — on the supplier’s commercial entity, wherever that entity is shown.
Visibility
- Results are shown only to Levelpath users who already have visibility into the supplier profile.
- The supplier is not notified about the OFAC check or its results.
- If the supplier is entering the bank information in supplier onboarding, the supplier will see if their account is verified or not directly in the supplier hub.
- J.P. Morgan does not share the specific reason a bank account failed verification.
Frequently Asked Questions
How quickly do results come back?
Both checks run automatically in the background and return a result within the same flow — there’s no separate portal and no follow-up notification. You may briefly see a “Verifying” or “Screening…” state before the final result appears.
Will this delay supplier onboarding?
No additional steps are required from your team or the supplier; the checks run automatically in the background.
Does the supplier get notified about the OFAC results?
No. Results are shared only with the Levelpath users who have visibility into the supplier profile.
What should I do if a bank account fails verification?
We’re unable to share why the validation failed. When this happens, reach out to the supplier to confirm the details they provided and make sure nothing is missing or incorrect. Neither we nor the supplier can see whether a specific number is wrong or why J.P. Morgan failed the verification. If the result was “Verification unavailable,” re-validate to try again.
What should I do if sanctions screening returns a potential match?
Review the supplier manually before proceeding, using the matched records, lists, and aliases shown in the result. Levelpath flags the potential match but does not block the supplier for you.
What does “Indeterminate” or “Not screenable” mean I should do?
“Indeterminate” means the account looks valid but the holder couldn’t be fully confirmed — review the details before using it. “Not screenable” means the supplier’s name or country couldn’t be screened as entered (e.g. blank, too long, or a non-Latin script); correct the supplier details and re-screen.
You now understand Bank Account Verification & Sanctions Screening in Levelpath! 🎉
If you have any more questions, please reach out to Levelpath Support.