Sanctions Lists
The D&B Onboard Compliance Report combines the D&B Business Information Report with the full Know Your Customer (KYC) report (located in the Compliance tab of the Compliance Report. We map to various sanctions lists to verify information on the Country in which the entity is based, the Company itself, and any directors/principals associated with that business.
Sanctions List Details |
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UN Security Council Sanctions Committee The use of mandatory sanctions is intended to apply pressure on a State or entity to comply with the objectives set by the Security Council without resorting to the use of force. Sanctions thus offer the Security Council an important instrument to enforce its decisions. The universal character of the United Nations makes it an especially appropriate body to establish and monitor such measures. The Council has resorted to mandatory sanctions as an enforcement tool when peace has been threatened and diplomatic efforts have failed. The range of sanctions has included comprehensive economic and trade sanctions and/or more targeted measures such as arms embargoes, travel bans, financial or diplomatic restrictions. |
Foreign Affairs and International Trade Canada The mandate of Foreign Affairs and International Trade Canada is to manage Canada's diplomatic and consular relations and to encourage the country's international trade. Among their main responsibilities, this institution keeps a list of regimes under sanction by the Canadian Government. |
Australian Department of Foreign Affairs and Trade Similar to the Canadian Foreign Affairs Ministry, the Australian department of Foreign Affairs and Trade keeps a list of countries sanctioned by the Australian authorities. |
UK Foreign and Commonwealth Office The Foreign and Commonwealth Office is the government department responsible for promoting British interests overseas and supporting British citizens and businesses around the world. The FCO keeps a list with all sanctions issued by the UN, UE and other |
EU Consolidated Sanctions Issued by the European Union. Most of the Anti Money Laundering laws across Europe require checking the EU Consolidated lists. Targets:
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HM Treasury The Treasury is the United Kingdom's economics and finance ministry. It is responsible for formulating and implementing the Government's financial and economic policy: see http://www.hm-treasury.gov.uk/about_index.htm Targets: (similar criteria to the EU List)
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Office of Foreign Assets Control, SDN and Blocked Persons US governmental It is not the only governmental office in the US that issues sanctions lists.
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Politically Exposed Persons Sourced from Central Intelligence Agency Contains individuals only including:
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Why Do We Check Them?
There are higher money laundering risks associated with customers who, by virtue of their position in public life, are vulnerable to corruption.
Limitations
- The list is limited to Government members (all other politicians and sensible roles are excluded).
- No family or close associates included in the list.
US Department of State
The United States Department of State is a federal executive department responsible for the international relations of the United States of America. It maintains a list of countries sanctioned by the United States government.