Compliance Solutions

Sanctions
List screening

Sanction
List screening

With our digital sanctions list screening, you will be able to control the risks of your business relationships in an efficient and effective way.

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Geschäftspartnerprüfung, Business Partner Due Diligence

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sanctions list screening ukrainian war

Sanctions list screening

SANCTIONS AGAINST RUSSIA

The US and EU have already imposed extensive sanctions on Russia in the wake of the Ukraine conflict. The sanctions target individual companies, organisations and individuals, but also in particular the financial sector, the energy sector, future and key technologies and dual-use goods.

sanctions list screening ukrainian war

Especially at this time, it is crucial for you and your company to have a detailed overview of the business partners with whom you have concluded or will conclude contracts. A careful sanctions list screening is essential to avoid legal consequences. Timely and prudent action to comply with sanctions is now essential.

INTEGRATION OF REQUIREMENTS

Compliance with all legal requirements

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Fulfillment of legal
requirements

High auto- & matisation

Consolidation in a central system

BI & reporting functions

Audit-proof
("ex ante")

Risk-based
approach

SANCTIONS & SANCTION LISTS

What do the sanctions lists mean for your company?

In order to protect your company effectively, it is essential to check whether your business partners are affected by current sanctions. Such a sanctions list check is crucial for legally compliant business transactions and helps to avoid legal consequences such as heavy fines or imprisonment, as well as damage to your reputation. In Germany, wilful violations of sanctions are punishable by imprisonment from three months to five years (Section 18 of the Foreign Trade and Payments Act). Negligent violations can be punished with a fine of up to EUR 500,000 (Section 19 (1) and (6) of the Foreign Trade and Payments Act).

Manual sanctions list checks are complex and time-consuming. Automated solutions are therefore the better choice. Integrating sanctions list checks into existing compliance systems effectively reduces compliance risks and supports due diligence obligations. Compliance Solutions offers systems that meet these requirements and enable fast processing.

Manual sanctions list checks are complex and time-consuming. Automated solutions are therefore the better choice. The integration of sanctions list checks into existing compliance systems effectively reduces compliance risks and supports the fulfillment of due diligence obligations. Compliance Solutions offers systems that meet these requirements and enable fast processing.

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Types of sanctions lists

Sanctions screening is an important part of general due diligence and is designed to minimize commercial risk. It ensures that no business is done with sanctioned persons, companies or entities. 

UN sanctions list
The UN sanctions list is drawn up and regularly updated by the United Nations Security Council. It contains the names of individuals, groups and organizations against which the UN Security Council has imposed economic sanctions. These sanctions are aimed at combating international terrorism, preventing the proliferation of weapons of mass destruction and ending international conflicts.

CFSP list (EU)
The CFSP list (Common Foreign and Security Policy) is a sanctions list of the European Union (EU), which is drawn up as part of the Common Foreign and Security Policy. The CFSP list is used to implement UN Security Council resolutions and the EU’s own sanctions decisions.

US sanctions lists
The US sanctions lists are an important instrument of US foreign and security policy. They apply worldwide to products and technologies of US origin.

BAFA sanctions lists (Germany)
The BAFA sanctions lists are an integral part of German export control policy and are administered by the Federal Office of Economics and Export Control (BAFA).

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PROVEN SOLUTION FOR SANCTIONS LIST screening

How can you solve this challenge?

Compliance Solutions is the leading provider of digital compliance solutions, specialising in Business Partner Due Diligence. Our Business Partner Due Diligence system provides an efficient and automated check of sanctions lists, including PEP, black, watch and negative media lists. It provides reliable information on potential sanctions against business partners, minimizing the risk of compliance breaches. 

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Geschäftspartnerprüfung, Business Partner Due Diligence

Sanctions list screening is mandatory for every company and critical to ensuring compliant business transactions and avoiding legal consequences such as fines or imprisonment. 

With Compliance Solutions and our comprehensive Business Partner Due Diligence system, you are best placed to minimize sanctions risks and protect your company legally. 

Contact us

Individual advice on screening the sanctions list

Individual advice on screening the sanctions list

Our compliance experts will be happy to advise you on the subject of sanctions list screening. Write to us using our contact form.
You can also reach us at service@compliancesolutions.com or by telephone on +49 (0)711 217 232 92.

Our compliance experts will be happy to advise you on the subject of sanctions list screening. Write to us using our contact form.

Sanctions

General information on sanctions

Sanctions are measures taken by a government, international body or other institution to punish or prevent certain behavior. Sanctions can occur in various ways, such as: 

  • Economic sanctions that serve to weaken a country, government or organization economically by imposing trade restrictions or embargoes
  • Financial sanctions that serve to restrict a country’s, government’s or organization’s access to financial resources, for example by freezing bank accounts
  • Travel restrictions that serve to limit the access of individuals or groups to certain countries or regions
  • Arms embargoes, which prohibit the supply of weapons or other armaments to certain countries or groups

Sanctions are often imposed to punish or prevent certain behaviors or activities that are considered unethical or dangerous, such as corruption, terrorism, human rights violations or the violation of international agreements. Sanctions can also be used as a political tool to put pressure on a country or government to change certain behaviors or to reach negotiations or agreements.

It is important to note that sanctions often also have a negative impact on a country’s population and economy. Therefore, sanctions should be carefully considered and targeted to avoid undesirable effects. 

Our Business Partner Due Diligence System offers you an automated sanctions list check (PEP, blacklists, watchlists, adverse media) that reliably informs you whether your business partners are affected by sanctions or not.

Sanctions list check

General information on the subject of sanctions list screening

General information on the subject of sanction
list screening

A sanctions list screening is a procedure to verify whether a person, organization or country is on a sanctions list. Sanctions lists contain names of individuals, organizations or countries affected by certain measures or restrictions imposed by governments, international organizations or other institutions.

The purpose of the sanctions list check is to ensure that no legal or regulatory restrictions are violated and that no business relationships are maintained with persons or organizations on a sanctions list. It is particularly important for companies that operate internationally and need to ensure compliance with sanctions.

The sanctions list check can be carried out in various ways, such as manually, by using software tools or by using the services of specialized companies. It is important that sanctions lists are updated regularly to ensure that all relevant information is available and that no mistakes are made. The sanctions list check is an important part of compliance programs and helps to minimize risks for companies and ensure compliance with sanctions.