Securely conduct business with restricted party screening software

Continuously and effectively screen trading partners to prevent doing business with those persons or entities that appear on the official lists published by government bodies and agencies, including the Dow Jones Watchlist.

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Key Benefits of Restricted Party Screening

Mitigate Risk

Meet stringent compliance requirements while reducing corporate risk and protecting your brand.

Boost Efficiency

Drastically reduce manual screening time and ensure operations are not slowed by compliance checks.

Avoid Fines

Prevent illegal transactions and the associated financial penalties.

Key Capabilities to Avoid Prohibited Transactions

Continuously screen and verify
Automatically conduct denied and sanctioned party screening including groups and individuals with known financial, criminal or ethics violations
Workflow aligned
You can perform third party screening background checks at any stage of the transaction based on an ad-hoc, batch or transaction basis as required.
Exception management
Alert capabilities help your organization to focus on clearing holds and speeding shipments rather than researching numerous matches.
Auditing and reporting
Create an audit trail to highlight the when, what and why of screening activities for internal use or for an official audit, to easily demonstrate due diligence.
Fuzzy Logic Matching
Algorithms account for typos, aliases, and name variations to reduce manual efforts and false positives.
Integration
Connect directly to your CRM, ERP or other enterprise systems to streamline compliance checks into existing workflows.
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Frequently Asked Questions

What is restricted or denied party screening?

Restricted party screening is a vital compliance step for global business, checking individuals and entities against government watchlists. This prevents unauthorized dealings with restricted parties, protecting businesses from legal trouble, reputational damage and trade disruptions.

What official watchlists are relevant for compliance screening?

Which restricted party lists you need to check depends on your industry, location, and where you do business. Key examples are the U.S. OFAC's SDN List, the EU Consolidated List, and UN lists.

What are some common challenges with restricted party screening?

Staying compliant with restricted party screening presents several key challenges. The watchlists are numerous and constantly changing, making accurate and updated validation difficult and increasing business risk. This complexity is further amplified by new legislation targeting human trafficking, forced labor, and environmental impacts, which continuously expands the lists of restricted parties. Relying on manual screening efforts for these growing and dynamic lists is labor-intensive, significantly slowing down order cycle times and delaying critical shipments.

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