Companies are legally obliged to regularly check their trading partners against sanctions lists to ensure that they are not doing business with sanctioned persons, groups or organizations. This obligation arises from various EU regulations and the Foreign Trade and Payments Act (AWG).
The most important legal principles include
- EU regulations: In particular, Regulation (EC) 881/2002 and Regulation (EC) No 2580/2001, which impose restrictive measures against certain persons and entities.
- UN sanctions lists: These serve as the basis for European and national sanctions lists. All UN member states are obliged to avoid the listed persons.
Companies must ensure that they carry out regular sanctions list checks. This includes comparing data on business partners or employees with the entries on the relevant sanctions lists.
With 365 business Sanction Screen this is now a breeze!
Sanctions Screening
made simple!
With 365 business Sanction Screen, companies can automate their sanctions list checks and ensure that they comply with legal requirements. The solution enables the integration of sanction list checks into daily business processes and supports companies in minimizing risks and avoiding compliance violations.
Thanks to the integration with Microsoft Dynamics 365 Business Central, companies can perform their sanctions list checks directly in their ERP system. The solution offers seamless integration into the Microsoft Dynamics 365 Business Central user interface and allows users to perform sanctions list checks directly from the system.
Benefits of 365 business Sanction Screen:
- Comprehensive coverage: Perform sanction checks with over 240 data sources, including:
- EU CFSP - Consolidated list of persons
- EU RUSK - Russia embargo on the capital market
- EU RUSD - Russia embargo on dual-use goods
- EU Financial Sanctions Files (FSF)
- US SDN - List of Specially Designated Nationals and Blocked Persons
- US OFAC List of Specially Designated Nationals (SDN)
- Automation: Fully automated sanction checks with configurable intervals for each entity.
- User-friendly: User-friendly visualization of possible matches and configurable notifications in purchase and sales documents.
Availability
365 business Sanction Screen is now available for on-premise environments, from Microsoft Dynamics 365 Business Central 2022 Release Wave 1 (20.0) and for Business Central Online.
Learn more
Visit our product page or our Documentation and learn more.
