Integrated Compliance Solutions – Denied And Restricted Party Screening

Gradually, it all comes to one point – to export or not.

Exporters cannot strike most of the trade deals in a jiffy. Apparently, if a new trade partner isn’t screened via KYC or in any fashion, the risks are paramount for the exporter. If you are one of them, you wouldn’t even wish to think about the latter.

With governments of different countries and international agencies putting out their own lists of sanctioned parties, denied parties, restricted parties, and politically exposed persons, it is too difficult to search through them. Apparently, an integrated compliance solution for denied party screening of trade partners/customers/clients/suppliers become necessary.

Through an integrated compliance software solution, exporters find a unique way to search against these lists and determine if a trade partner is legitimate on all grounds for exporting the product/service/commodity/technology or not.

How does the software help?

Stepping up the process, the restricted party screening software navigates through each list and checks for name, details, and other information along with spelling variations for confirming checks. These audit trails shall be maintained for showcasing your practice of due diligence regarding all exports.

Automatic and dynamic searches of all entities at the desired pace help your operations run in a smooth manner. With variable screening functionality, which include fuzzy logic, phonetic, and exact matches, the accuracy of results will be to the point. In addition, it provides a secure connection in a fully web-hosted solution. Also, the customer support team responds to all kinds of queries.