TL Sanction
Sanction list check during data entry
Already during data entry you check customer and supplier data against sanction lists and embargo lists. So you find hits in time and can act accordingly.
Sanction List and Compliance Screening
Are your international business partners, customers and suppliers trustworthy? Be on the safe side: With TL Sanction you can reliably and error-tolerantly check your customer data against the relevant embargo and sanction lists as soon as they are entered. Possible hits can be sorted out at an early stage with this anti-terrorism check, while at the same time complying with legal guidelines.
Sanction List Check
In 1999, the UN Security Council first compiled a list of suspected supporters of extremist and terrorist groups. Based on this, the EU maintains its own lists, which are regularly reviewed and updated. In Germany, the sanction lists are published by the Bundesanzeiger Verlag. According to EU regulations, no business relations may be conducted with these sanctioned persons, organizations and associations. With TL Sanction you are on the safe side: You reliably check the master data of your customers, partners and suppliers against the legally required lists.
TL Sanction: Anti-terror check, sanction list check and compliance screening
TL Sanction checks the data of your business partners quickly and error-tolerantly. Even if the names are misspelled or questionable, TL Sanction delivers reliable results with its error-tolerant matching procedure. With this compliance screening, you are on the safe side. You act legally compliant according to EU regulations and reliably protect yourself against fraud attempts.
The following anti-terror lists, sanction lists and embargo lists are supported by
Supported lists (extract)
-
- EU lists (according to the Bundesanzeiger Verlag)
- US lists (DPLUS), which consists of
- DEB: US List of Statutorily Debarred Parties
- DPL: US Denied Persons List
- ENT: US Entity List
- GO3: US General Order 3 to Part 736
- NPS: US Nonproliferation Sanctions (9 partial lists)
- SDN: US Specially Designated Nationals (OFAC) (32 partial lists)
- UNV: US Unverified List
- Various lists (DPLAU/DPLUK/DPLJP), which consist of
- AUS: AU Australia DFAT (Department of Foreign Affairs and Trade)
- HMT: UK United Kingdom HMT (Her Majesty’s Treasury)
- MET: JP Japanese End User List METI (Ministry of Economy, Trade and Industry)
- PEP lists (e.g. from our partner info4c)
Why is a sanctions list check so important for companies?
Globalization means that companies are increasingly entering into international business relationships and are always on the lookout for new contacts. Of course, there is always the risk that new and as yet unknown contacts are on a sanctions list. A sustainable sanctions list check can help here. Sanctions list screening is about checking business contacts in a legally compliant manner and as reliably as possible. This prevents you from doing business with people who have been identified as suspicious during the anti-terror check. This sanctions list check is based on the Anti-Terrorism Ordinance. It created sanctions lists that make it possible to check both domestic and foreign business contacts.
What are sanctions lists?
Sanctions lists generally form the basis of the sanctions list check. These are lists that include both companies and individuals for which there are various economic or legal restrictions. There are now various sanctions lists. They were all created primarily as a reaction to the attacks of September 11, 2001. One of the core objectives of the sanctions lists is to uncover possible terrorist financing, but also money laundering.
For whom must a sanctions list check be carried out?
The sanctions list check should generally be carried out with regard to all business relationships. It therefore applies to new customers and contractual partners as well as to employees and supply chains. Furthermore, suppliers, dealers and freight forwarders must be checked accordingly. Thanks to modern technology, the sanctions list check no longer has to be carried out manually. The time and effort involved can be significantly reduced by using suitable software. Compared to manual checks, checking with the help of software is not only faster, but also much more accurate.
The video is loaded from Youtube
(see also Privacy policy).
Core functions
- Matching with sanction lists
- Matching PEP lists
- White and black lists for post-processing of hits
- Automated rule matching with current sanction and PEP lists
As an interactive service
- Interactive individual check of input data upon entry
- Flexible rule configuration for optimal adaptation to your field of application
As batch matching
- File interfaces for CSV formats
- Mass matching with sanction and PEP lists
- Configurable rules for matching
- Result details with quality, rules and found entry
- Export of results as CSV file
Your benefits
- Simple check – immediately upon data entry
- Hits even with variants in spelling
- Fast checking even of large data sets
- Supports all legally required sanction and PEP lists
- Meets legal requirements safely and efficiently
Technical features
- Supports Windows Server, Linux, Solaris as well as other Unix systems (upon request)
- Optimized for multi-core platforms
- Runs in virtualized system environments
- Short response times even with many parallel users
- High capacity in batch processes
Application scenarios
- Input check in ERP and CRM systems, Internet applications and web shops
- Reconciliation of the existing customer base with sanction and PEP lists
Potential for integration
- Integration into own applications via web service (REST or SOAP) or API for C, Java, PL/SQL
- Integration into batch processes for data management via file interfaces
- Can be integrated into ETL tools via web service or file interface (Informatica, Talend, Pentaho Data Integration or similar)
TL Sanction can do all that:
Regular compliance check
Sanction lists, embargo lists and PEP lists are always changing. With TL Sanction you can regularly check your master data and keep it permanently safe and »clean«.
White and black lists
You can have the check results entered in white lists or black lists after the inspection: You avoid the repeated reprocessing of hit addresses, exclude persons and can thus reduce your financial expenditure as well as the risk potential.