Gone are the days when organizations could get away with simply screening against Watch Lists published by government sources.
Frequently, additional information about customers and vendors is required in order to fully optimize risk management efforts.
Descartes Visual Compliance has solutions that can help. By leveraging data provided by industry-leading sources for worldwide news and business information, Descartes Visual Compliance users can screen for Sanctioned Party Ownership, Politically Exposed Persons (PEP)—and a number of other risk-related areas.
"A U.S. person may not procure goods, services, or technology from, or engage in transactions with, a blocked person or entity directly or indirectly...regardless of whether such entities appear on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List)."
Solution Highlights
ADDED LAYER OF DUE DILIGENCE
By including Risk Management solutions within Descartes Visual Compliance, you can help mitigate risk by getting the facts surrounding your customers, clients, and other third parties with whom you conduct business.
SCREEN THE WAY YOU WANT TO
Our screening options allow you to screen in a way that works best for your organization. Regardless of whether you screen online, in bulk, or via integration with your business systems—we can have you up-and-running in as little as a day.
RESULTS APPEAR AS PART OF RESTRICTED PARTY SCREENING
By adding Enhanced Risk Management solutions to your screening processes, potential matches will appear in the same interface as your standard restricted party screening results. There's no need for multiple windows, and you don't need to perform additional searches to get the information you require to maintain compliance.
SECTORAL SANCTIONS COMPLIANCE
Also known as the Ukraine/Russia Related Sanctions Program, Descartes Visual Compliance can help prevent your organization from doing business with someone in violation of policies laid out in a myriad of Executive Orders — and the associated penalties thereof.
BUILT-IN RECORDKEEPING AND AUDIT TRAIL
Descartes Visual Compliance provides a full range of audit recording and due diligence that automatically record screening details and allow users to easily demonstrate their compliance activities.
Related Products
For more information about our enhanced risk management software solutions
To learn more, call toll-free 1-877-328-7866 (Intl: 716-881-2590) and talk to one of our compliance consultants. They'll help you analyze your compliance requirements, evaluate your options, and provide focused software demonstrations.
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