What Is Denied Party Screening

The denied party screening process is a general term for the due diligence review of a business s internal lists to ensure that transactions are not being conducted with entities included on a sanctioned list watch list concern list and more as well as countries that are either embargoed or sanctioned it is also necessary to maintain accurate audits of a company s denied party screening.

What is denied party screening.

Denied party screening from db schenker trade solutions is a simple effective and efficient online tool that simplifies screening for restricted or denied parties. Our watch list screening software provides corporations with the ability to check all individuals businesses and countries against government and non government most current restricted denied or prohibited party lists to ensure no business transactions occur with an entity that is prohibited by law. A review of denied sanctioned and restricted parties also referred to as denied party screening or dps is required to minimize risk and to lessen the potential of substantial fines. Agencies and other foreign governments have identified as parties that one can t do business with.

The link between your business and safe transactions. These orders are the official source of information about denied persons and are controlling if there is an inconsistency with anything on this list or elsewhere on this web site. According to agencies which publish the denied and or sanctioned party lists prior to taking any further actions companies and organizations are to consult the requirements of the specific list on which the company entity or person is identified by reviewing the webpage of the agency responsible for the list. Restricted party lists also called denied party lists are lists of organizations companies or individuals that various u s.

There are several reasons why a person or company may be added to a restricted party list. It also screens for individual and country sanctions eccn classification determinations and much more see below for a detailed list. The scope of a comprehensive denied party screening system has expanded beyond traditional export compliance to include a range of factors and added complexity.