Compliance does not only mean that a company must adhere to certain codes of conduct, laws, and industry guidelines, but also prohibits business relationships with suspects, businesses, and organizations. The EU Counter-Terrorism Regulation is subject to every company. Failure to comply with the embargo may result in high fines and legal consequences. The offense begins with submitting an offer!
The comparison of business contacts - the regular compliance check - with the current national and international Block Lists - also called Curb List, Prohibition List, Blacklist or Anti-Terrorist-List - is therefore part of every company's obligation - even if the company does business only in Germany.
With SAP Business One, COSIB GmbH offers its customers the optional solution easy: dox, which automatically compares all business contacts with up-to-date Block Lists. Take no risks and protect your company from legal consequences!