Why do sanctions lists exist at all?

A Sanctions list is an official list of persons or organisations against whom legal or economic restrictions have been imposed.

They are used to support Sanctions or embargoes for the purpose of, among other things, combating for example terrorism

Are there different sanction lists?

A sanctions or embargo list is an official list of individuals, organisations, companies and even entire states to which no funding or economic resources may be made available.

In addition to the basic UN sanctions list, there are EU lists as well as sanctions lists from Germany, Great Britain, Switzerland, Japan or the USA, which impose sanctions against specific financial, energy or trade sectors, and many more.

Do I have to do this as a company?

Through the EU Counter-Terrorism Regulations (EU) No. 881/2002 and 2580/2001, all

companies, irrespective of their form and size, are obliged to carry out complex checks in order to

conduct business in conformity with the law. Even if your company does not conduct international business,

you must regularly check whether your business partners, customers, suppliers and employees are on any

are on a sanctions list and record the screening in an audit trail.

Who do I have to check?

Employees, customers and suppliers.

365 sam help me with this?

Without 365sam, for example, a member of staff or possibly even every member of staff who deals with addresses such as

customer addresses, must manually check them against the sanctions lists. This is a huge effort,

especially if, for example, the orders come in via the Internet.

365 sam automates this and thus reduces the effort and also the sources of error.

365 sam is a connector to the Format Software Service GmbH SAM.

With 365 sam you can take care of your daily business, we and our Partner take care of the "bad guys".

fully automated.

365sam

por Ordat Gesellschaft für Organisation und Datenverarbeitung mbH & Co. KG