Also known as restricted party screening, OFAC screening, watch list screening, sanctioned party ownership screening, and sanction and embargo screening.
The world of global trade is complex enough without factoring in the myriad of ever-changing rules and regulations that goes along with it.
To aid in efforts to help organizations overcome these challenges, we’ve prepared some answers to the most frequently asked questions with regards to one of the most critical aspects of export, trade and OFAC compliance—that of screening for denied and restricted parties, and for sanctioned and embargoed countries.
We hope you find the answers to your questions below, but if not, please contact us today.
What is Denied Party Screening?
What is the difference between denied party screening, restricted party screening, debarred party screening, OFAC screening, watch list screening, sanctions screening, embargoed country screening, Sanctioned Party List Screening (SPL), and Specially Designated Nationals and Blocked Persons screening?
Do I really need to worry about screening for denied parties?
Do governments outside the U.S. have screening lists? Are there International lists?
Has anyone been found guilty of violating these regulations?
Who should be screened?
Do I need to screen financial transactions?
When should screening take place?
How does Visual Compliance help protect my organization from violating trade, export, and OFAC regulations?
How much does Visual Compliance cost?
This page was prepared to provide a high-level overview of some of the most commonly asked questions about denied party screening and export compliance. It does not constitute legal or professional advice.