Automated check of your business partners against current sanctions lists - independent of your business software!
Compliance not only means that a company must adhere to certain rules of conduct, laws and industry guidelines, but also includes the prohibition of business relationships with suspicious persons, companies and organizations. Every company is subject to the EU Counter-Terrorism Regulation. Failure to comply with the embargo can result in heavy fines and legal consequences. The criminal offense begins with the submission of an offer!
The comparison of business contacts - the regular compliance check - with the current national and international sanctions lists - also known as blacklists or anti-terror lists - is therefore an obligation for every company - even if it only does business in Germany.
With SAP Business One, COSIB GmbH offers its customers the optional easy:dox solution, which automatically compares all business contacts with sanctions lists that are always up to date. Don't take any risks and protect your company from impending legal consequences!
The manual comparison of customer, supplier and partner data against the current sanctions lists is time-consuming and expensive. With a large volume of data and many transactions, permanent manual control is almost impossible.
For this reason, with the easy:dox integration for SAP Business One, we offer a powerful tool for the regular, automated checking of your company's entire customer master data or business partner data. This saves you resources.
The easy:dox solution can be extended for any number of sanctions lists or embargo lists. We would like to point out that the current sanctions lists for crisis areas (Ukraine, Syria, others) will of course be added automatically!
The following blacklists are supported by default:
Furthermore:
The EU anti-terrorism regulations strictly prohibit the provision of any economic goods or services to persons or companies on the sanctions lists provided for this purpose. It is irrelevant whether this concerns specific goods or services or the export/import with certain countries.
The key message is that companies in EU member states must check their databases against current sanctions lists at regular intervals to ensure that no (services) are provided to listed persons or companies.
Sections 130 OWIG and 14 StGB stipulate that companies and their managers and representatives are obliged to take all reasonable measures to prevent negligent or intentional economic contact with listed organizations.
In the event of violations, those responsible are personally liable with criminal consequences - so these are not trivial offenses.
As there are software solutions for compliance checks, "reasonable measures" do exist and every company is obliged to carry out regular checks in order to meet the requirements of EU Regulation 2580-2001 and 881-2002 and thus comply with the new customs directives.
Use our SAP Business One add-on solution to ensure that you are on the safe side both legally and economically!