Sanctions screening: Difference between revisions
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imported>Doug Williamson (Link with Office of Financial Sanctions Implementation page.) |
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''International trade and payments'' | ''International trade and payments - due diligence''. | ||
1. | 1. ''Payments''. | ||
In relation to payments, sanctions screening is the process of ensuring that a firm, geographic area, or individual is not the subject of any sanctions, before authorising any payments to them. | In relation to payments, sanctions screening is the process of ensuring that a firm, geographic area, or individual is not the subject of any sanctions, before authorising any payments to them. | ||
2. | 2. ''Commercial relationships.'' | ||
More broadly, similar processes undertaken before engaging in any other commercial relationships. | More broadly, similar processes undertaken before engaging in any other commercial relationships. | ||
| Line 12: | Line 12: | ||
== See also == | == See also == | ||
* [[Due diligence]] | |||
* [[International trade]] | * [[International trade]] | ||
* [[OFAC]] | * [[OFAC]] | ||
* [[Office of Financial Sanctions Implementation]] | * [[Office of Financial Sanctions Implementation]] | ||
* [[Payment]] | |||
* [[Sanctions]] | * [[Sanctions]] | ||
* [[Screening]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 19:06, 9 October 2023
International trade and payments - due diligence.
1. Payments.
In relation to payments, sanctions screening is the process of ensuring that a firm, geographic area, or individual is not the subject of any sanctions, before authorising any payments to them.
2. Commercial relationships.
More broadly, similar processes undertaken before engaging in any other commercial relationships.
