Restricted party screening
Also called: denied party screening · sanctions screening · RPS
Checking customers, suppliers, carriers and other parties to a transaction against official lists of sanctioned, denied or restricted persons, such as the EU consolidated list, the UK sanctions list, OFAC lists and the BIS Entity List. Screening usually includes ownership checks, since entities controlled by listed persons may also be covered.
In practice
Automated screening before order acceptance and before shipment is now expected by banks, insurers and authorities.
EU
Türkiye
USA
UKRelated terms
- Sanctions
- Measures adopted by states or the UN to influence or constrain specific countries, entities or individuals, including asset freezes, import and…
- OFAC SDN List
- A list published by the US Treasury's Office of Foreign Assets Control of individuals and entities whose assets are blocked and with whom US persons…
- BIS Entity List
- A list maintained by the US Bureau of Industry and Security of foreign companies, organisations and individuals subject to specific export licence…
- Export controls
- Laws that restrict the export, transfer, brokering and transit of military items, dual-use goods and technology, and sometimes other strategic goods,…
- MASAK
- Türkiye's financial intelligence unit, under the Ministry of Treasury and Finance, responsible for combating money laundering and terrorist…