Export Burundi .com - Trade Wizards -- Trade Party Screening

Trade Wizards - Trade Party Screening

Trade Party Screening establishes whether a company or individual is present on any official denied party or transshipment list, banned from import or export transactions, sanctioned by a government for performing illegal acts or a forced child labor or convict labor violator.

In today’s era of heightened security, determining whether individuals, companies or organizations are acceptable trading partners is essential.

Companies need to ensure that they are compliant with government regulations and that their goods are destined for friendly end-use.

Non-compliance can lead to penalties, fines, loss of export privileges or, in extreme cases, imprisonment. However, many companies face significant challenges in establishing whether a party to a shipment has been placed on any official denied persons or illegal trans-shipper lists, blocked from import or export transactions, or sanctioned by a government for illegal acts such as involvement in international terrorism, narcotics trafficking, money laundering or weapons proliferation.

Ensure compliance with all international trade regulations and advisories.
Identify restricted parties before goods are shipped
Prevent illegal transactions with banned entities and trading partners
Preserve a complete audit trail of screening transactions to reducecorporate risk

Management Dynamics monitors and screens against all major Restricted Party lists issued by government regulatory agencies worldwide.

All restricted parties are compiled and updated using Management Dynamics’ ISO certified 17-step process and maintained within our Global Knowledge® database. Updates to international regulatory lists are processed daily to ensure that restricted parties are properly flagged before our customers’ goods or services are shipped.

Following is a partial listing of Management Dynamics’ Restricted Party List

TRADE PARTY SCREENING SOURCE FILE SUMMARY SAMPLE

Country

Module

Name of List

Source

Legal Source

Export

Denied Persons List

BIS/DOC

Department of Commerce, Bureau of Industry and Security (BIS) Denied Persons List

Export

Entity List

BIS/DOC

Department of Commerce, Bureau of Industry and Security (BIS) Entity List

Export

Unverified List

BIS/DOC

Department of Commerce, Bureau of Industry and Security (BIS) Unverified List

Export

Consolidated list of persons, groups and entities subject to EU financial sanctions

Official Journal
of the European Union

European Union Commission Regulations, Council Common Positions, and Council Decision (Official Journal of the European Union)

Export

New Consolidated Terrorism List

UN Suppression
of Terrorism Regulations

The New Consolidated List of Individuals and Entities: belonging to or associated with the Taliban and Al-Qaida Organization as established and maintained by the 1267 committee

Export

Terrorism Financing Canada List

Department of Foreign Affairs and International Trade and Department of Public Safety and Emergency Preparedness

Lists of Names subject to the Regulations Establishing a List of Entities made under subsection 83.05(1) of the Criminal Code or the United Nations Suppression of Terrorism Regulations (Office of the Superintendent of Financial Institutions (OSFI))

Export

Currently Listed Entities

Canada Public Safety and Emergency Preparedness

List is established for the purposes of Part II.1 of the Criminal Code (July 23, 2002).

Export

Foreign User List

Ministry of Economy, Trade and Industry (METI)

Foreign User List (Ministry of Economy, Trade and Industry (METI))

Import

Convict or Child Labor

CBP (DHS)

Convict/Forced/Indentured Labor, Customs and Border Protection (CBP), U.S. Department of Homeland Security