Sanction list screening
The EU-regulations for fighting terrorism (EG) No. 881/2002 and 2580/2001 obligates all companies to review their business addresses in existing sanction lists. Violations are sanctioned with fines or imprisonment. The companies have to make sure that all relevant business contacts are reviewed.
Responsible employees are supposed to document and evaluate potential hits. Companies are urged to display compliance processes concerning Anti-Terrorism-Regulations in a work- and organization instruction and document towards customs that corresponding processes exist and live. All business partners involved in trading no matter whether domestic or foreign have to be reviewed according to EU-Anti-Terror-Lists.
Our solutions for sanction list screening guarantee your lawful procedures quick and reliable.