Guide

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Executive Overview

Restricted Party Screening .ORG is committed to enabling our customers and partners to meet its regulatory obligations so you can enforce compliance, reduce risks, and implement due diligent best practices.

Ensuring your companies transactions are not directly or indirectly associated with individuals, entities or locations on ever-changing restricted party or embargoed country lists, also known as interdiction lists, is a key component of that compliance process.

Intro

U.S. and other regional, unilateral, and multilateral regulations restrict individuals and entities from conducting transactions with specific foreign entities (individuals, companies, countries). These entities are referred to as Denied, Debarred, and/or Restricted Parties, and checking your transactions against these restricted party lists is called a Restricted Party Screening process.

Examples of these entities include but are not limited to known terrorists, organizations that fund terrorists, and/or parties guilty of trade violations. Typically, these restricted parties are countries subject to embargoes, and persons, businesses, and organizations subject to financial sanctions. Key countries and organizations that maintain consolidated lists of financial sanctions targets include, but are not limited to:

  • U.S. State Department
  • U.S. Commerce Department
  • European Union
  • United Nations
  • Bank of England
  • Canada
  • Japan

Companies engaged in domestic and international trade are encouraged to implement due diligent compliance practices that enable screening of their employees, customers, suppliers, vendors, agents and other business associates, including all parties in each transaction such as banks, insurance companies, shipping lines, and freight forwarders to ensure they are not a listed entity or conducting business with a listed entity.