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Sanctions list screening: Overview of obligations
Introduction: Sanctions lists and their verification are essential tools for ensuring compliance with international and national regulations. They serve to check business contacts for possible connections to sanctioned persons, organisations or countries. Companies...
Definition: What is an embargo and what impact do embargoes have on the movement of goods?
An embargo can severely restrict trade relations between countries – for example, in the context of sanctions against companies, organisations and individuals. Whether your imports and exports are affected may depend on the type of goods to be shipped, the parties...
Arms Embargo
What is an arms embargo? Information and tips for dealing with arms embargoes The significance of arms embargoes Particularly in connection with Russia's current war against Ukraine, arms exports and restrictions on them have once again become a topic of public...
Definition: What is a sanction and what types of sanctions are there?
Since Russia's war in Ukraine, at the latest, the issue of sanctions has come into the public spotlight. But what exactly is a sanction, why are sanctions imposed, and who is affected? We provide an overview of all the important information.Definition: Sanction What...
Sanctions list screening: How companies minimise risks automatically and in a legally compliant manner
Whether you are a financial services provider, an export-oriented SME or a large corporation, compliance with sanctions regulations is an integral part of modern compliance strategies. Automated sanctions list screening plays a central role in this. This is because...
Embargo countries: Important information about the embargo country list
Which countries are currently on the EU's embargo list? And what does this mean for foreign trade? An embargo country is a state against which comprehensive or sectoral embargo measures have been imposed – for example, in the areas of energy, technology, or finance....
Total embargo: consequences for foreign trade and businesses
In international trade, companies can face various forms of sanctions, the most severe of which is a total embargo. This comprehensive measure has a profound impact on foreign trade. Companies involved in foreign trade should understand the prohibitions and...
Know Your Customer: Implementing compliance with KYC checks
Basics of the “Know Your Customer” (KYC) principle “Know Your Customer”, or KYC for short, is a procedure for identifying business partners and customers that is designed to prevent criminal activities such as money laundering and terrorist financing. This makes the...
USA sanctions lists
US sanctions listsThe most important facts about US sanctions at a glanceWhat are sanctions? Sanctions are measures imposed by the United Nations or countries such as the USA on individuals, companies, organizations or entire regions and nations. The background is...