Daily checks provide assurance of international sanction list compliance
Global sanction lists from government and security agencies around the globe are updated every day. By monitoring your suppliers for an appearance on these lists every day, your risk exposure reduces significantly.
Regular checking of your Master Supplier File (MSF) against leading global risk databases discovers if you are at risk of prosecution for breaching sanctions by purchasing from a supplier on a government or security service sanction list.
One-off checks of your suppliers during onboarding or 3/6/12 monthly thereafter do not provide adequate protection. Only daily checking detects risks as soon as they arise, protecting your organisation before they cause significant damage.
We check suppliers against the most significant sanction lists from all over the world, including those published by OFSI, OFAC, the UN, FBI, and Interpol.