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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...
Personal sanctions lists: overview for companies
What is a personal sanctions list? Sanctions against individuals and organizations A personal sanctions list lists natural or legal persons against whom sanctions have been imposed. They therefore focus on individuals and organizations and list political measures for...
Compliance: importance for companies
What does compliance mean? The English term “compliance” generally describes behavior that conforms to the rules. However, compliance means more than just adhering to the rules. The degree of compliance is also very important. “Compliant” is anyone who adheres to the...
Girls’ Day 2025 – Mission IT
Mission IT: young female agents in action at BEX Components AG On this year's Girls' Day, BEX Components AG became the secret headquarters for courageous young female agents. Under the code name “Mission IT”, our participants were given an exciting task: to decode the...