Understand the difference between Restricted and Denied Party Screening

Every country has their own laws and set of rules that the citizens have to follow. There are a set of standard rules and procedures laid out for all to follow the law and make wise decision relating to good, services and connectivity before making an import, export or any kind of transaction. Usually, all countries government maintains a list of people, organization and countries with whom they will never do any type of business activity.

Therefore, in simple terms if we want to understand the Denied Party Screening, it is the list of people and organization who are restricted by your country to do any kind of business. Basically, if you do any kind of export or import with the them then it will be illegal and you will be in great trouble.

Similarly, when we talk about the Restricted party screening is a service provided by USA companies who can basically verify the organization and people or the country with whom you can do export and import. You can easily check the list of restricted players and make an informed decision to do business. The list is available as per the U.S Department of State, commerce, or treasury and the list of restricted parties are also maintained by the important federal agencies.

This is very important for any individual to follow because it is connected with numerous reasons that common people are not aware. It can be due to corrupt or illegal practices, may be due to association and activities of terrorism, it can be a threat to national security of the country. Therefore, it’s very important and considered a duty of the citizen to ensure every single business activity done should in compliance and according to the law of the land. These lists will eventually help business to make correct decisions according to the country they live and perform trading activities.