Sanctions screening

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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.

See also