Denied Party Screening for SAP B1

sap denied party screening

Risk minimization due to compliance check

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!

Simple and automatic verification of your business contacts

The manual comparison of customer, supplier and partner data and the currently valid Block Lists is complex and therefore costs a lot of time and money. With a large amount of data with many transactions, permanent, manual control is almost impossible. That's why easy: dox is a powerful tool for automated verification of all customer master data.

Procedure of checking the Block List/ Sanction List

  • The integrated software solution handles the regular comparison of the entire business partner master with all relevant Block Lits/ Sanction Lists.
  • The batch process of the sanctioned party list check runs fully automatically at the selected time - for example, at night - and costs your company no additional resources.
  • Each test run is documented so that proof of test can be provided in case of a random check.
  • In the event of a positive examination of a business partner, your responsible employee will receive a message with the result of the test by e-mail.
  • Following the manual review of a suspected case by the compliance officer, the suspicion can be lifted or confirmed and action taken immediately.

Benefits of compliance & sanction list checking with easy: dox

  • SAP certified - compatible with SAP Business One and SAP HANA.
  • Quick and flexible installation.
  • Cost and resource efficient - The solution is simply installed on your server and implemented in your system. For example, the compliance check does not require its own server or database.
  • Easy to use and time-saving - the fully automated Block List Check only requires manual action in the event of a hit.
  • Great functionality - periodic updates of the current Block List, adjustable sensitivity of the filter, alarm function via email u.v.m.
  • All-round secure - your company is protected against financial penalties and legal consequences through non-compliance checks.

Supported Block Lists/ Sanction Lists against persons/ organizations

The solution easy: dox can be extended to any number of sanctions lists or embargo lists. We point out that, of course, the current sanctions lists on crisis areas (Ukraine, Syria, others) are automatically completed!

The following Block Lists are supported by default:

  • EU regulation (also called CFSP)
  • US Denied Persons List (DPL)
  • US Unverified List (UNV)
  • US Entity List (ENT)
  • Swiss SECO list (SEC)
  • Specially Designated Nationals and Blocked Persons (SDN)

Furthermore:

  • Consolidated List of Financial Sanctions Targets (BOE)
  • Canada Criminal Code and UNSC (CAC)
  • Foreign Sanctions Evaders (FSE)
  • Sectorial Sanctions Identification (SSI)
  • United Nations 1267/1988/1989 ff (UN)

The basis: EU Regulation 2580-2001 / 881-2002 on the fight against terrorism

EU anti-terror regulations strictly prohibit the provision of any business or service to any person or company listed on the Block List provided for this purpose. It does not matter whether it concerns certain goods or services or export / import with certain countries.

The key message is that companies from EU member states have to check their databases against current Block List at regular intervals to ensure that no (service) services are provided to listed persons or companies.

What consequences do entrepreneurs encounter in case of non-compliance?

§§ 130 OWIG and § 14 StGB stipulate that companies must take all reasonable measures to rule out negligent or deliberate economic contact with listed organizations. In case of violations, those responsible are personally liable with criminal consequences - so it is not a matter of trivial offense. As there are software solutions for compliance auditing, "reasonable measures" are in place and every company is required to perform a regular audit to meet the requirements of EU Regulations 2580-2001 and 881-2002, including the new Customs Directives observed.

Use our complementary solution to SAP Business One so that you are legally and economically on the safe side!
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