- Tax & Accounting
- Global Trade Management
- Denied Party Screening
Denied Party Screening
Mitigate the risk of doing trade with debarred parties using expert systems
As your trade volumes increase, the risk and probability of doing business with restricted or sanctioned entities also go up. You could face legal ramifications for conducting business with restricted persons/companies and violating denied entity regulations. However, manually identifying denied parties and sanctions, or even using outdated search engine technology is not only cumbersome but can be risky for your business.
With ONESOURCE Denied Party Screening (DPS), you can automate the process of screening international denied party lists. Integrating with the existing ERP, CRM, and SRM, the solution automatically triggers a screening process with the addition of or change to a customer or supplier, reducing the time-consuming process to just a fraction of seconds. It gives you the power of 300 researchers, covering 240 countries in more than 60 languages.
For enhanced due diligence, the software also offers Sanctions Ownership Research data from Dow Jones Risk & Compliance.
Automate your end-to-end restricted party screening process with ONESOURCE
Avoid export sanction violations, penalties, and loss of export privileges and maximize your compliance
Seamless online integration, plug-ins with major ERP/ CRM / SRM and periodic recheck of previously screened partners
Get accurate record-keeping of documents and have comprehensive audit trails with a click of the button
Automate diligence in trading with foreign entities
Watch out for list of global suppliers prohibited to do trade with our extensive global media research from more than 100,000 additional sources and get automatic 24*7 updates
Meet due diligence requirements of the US Departments of State, Commerce, and other global agencies with audit trail of the screening results
Automatically screen based on different phonetically matching algorithms, ensuring that misspellings do not yield incorrect results
Comply with your regulatory laws and make informed decisions with 350+ global list, data collected and curated by our multilingual analysts monitored for restricted persons, companies, and embargoed countries