Compliance Foreign Trade
Sanctions and PEP lists: Security and compliance in foreign trade.
Act more securely, quickly and easily
The tools analyze both existing and newly entered customer data. The lists are constantly updated so that you can comply with international regulations in your day-to-day business at all times. At the same time, the TOLERANT tools can be integrated into your existing applications and systems, saving you time and money.
- TL Sanction compares customer data in inventory and during data entry with up-to-date sanction lists at any time. We maintain and update the sanction lists for verification on a daily basis.
- TL PEP helps you identify PEPs quickly, securely and error-tolerantly. We regularly update the corresponding PEP lists for you. You therefore have access to up-to-date data at any time.
Reliable control processes and regularly updated data
With TOLERANT tools the PEP list check according to the EU anti-money laundering legislation quickly and easily. Customer and supplier data can be checked regularly and directly before data transfer, and additionally in real time directly during data entry. Even with large transactions, you can quickly and easily protect yourself with a PEP check. With the sanctions list and compliance screening, you are on the safe side for your international business customers and suppliers. In addition, you can check business contacts regularly and in compliance with the law.
Match sanctions lists and PEP lists quickly and easily
Test how easy security works with TOLERANT:
We will be happy to show you how easy and automated it is to match sanction lists and PEP lists. With TOLERANT you are on the safe side: The outstanding tools take care of compliance, protection and security, e.g. with regard to money laundering, anti-terrorism laws and sanctions lists. So you can do international business and banking transactions with a clear conscience and in compliance with the law.
Save time on compliance screening with the right software
Compliance screening has one main aim: to identify customers, new employees and other business contacts who are suspected of being guilty of money laundering or belonging to terrorist organizations. A sanctions list check is therefore essential for companies at both national and international level. For a long time, compliance screening was only possible manually. Modern software can now be used to check sanctions lists. It takes over the necessary steps within a short space of time and provides information on whether business contacts are harmless.
Advantages of compliance screening with software
If you rely on software for modern compliance screening, you will benefit from a considerable minimization of the associated effort. This allows you to relieve employees, save time and reduce the associated costs. What’s more, the software is often much more accurate and takes all sanctions lists into account. But Compliance Screening goes one step further. It generally also keeps an eye on existing business partners – regardless of whether they are customers or suppliers, for example. This makes it possible to quickly identify if a business partner becomes a risk.
Do not lose sight of logging
However, compliance screening is not just about identifying business partners that pose a potential risk, but also about documenting the data. Here too, modern software solutions can help. They not only log the data obtained in this way, but also ensure that it is archived. This means that the processes can also be easily traced by outsiders and it can be ensured that the legal requirements are met. If you have any questions about compliance screening and would like independent information, you’ve come to the right place!