Looking for Solutions to Eliminate False Positives?

For global trade professionals, it's no secret that there are major risks involved for their business if they fail to comply with regulations, but keeping up with the ever-changing sanctioned parties list can be a daunting process if it’s being done manually.

Screening for sanctioned parties is the foundation of many compliance and security programs. Knowing who you trade with is a fundamental component of an export management program and other compliance initiatives. Failure to screen has resulted in sanctions or fines for many small and large companies across various industries. Demonstrating reasonable care is an important way for companies to mitigate their risk and exposure.

How are you currently managing the partners you need to screen? Are your processes consistent, and how often do you need to screen them? Volume, timing and control are key factors to consider when developing requirements for a Restricted Party Screening (RPS) solution. If your business requires hundreds or thousands of trade partner screenings per year, check out Cloud Logistics’ white paper, 6 Best Practices to Improve Compliance with a Restricted Party Screening Solution, to discover strategies to streamline your global trade.