Are you looking for an efficient and automated solution to check your address data from Microsoft Dynamics 365 Finance & SCM against sanctions lists simply and easily?
With ORDAT 365sam and FORMAT Software GmbH, this becomes a reality. Our powerful interface for Microsoft Dynamics 365 Finance SCM ensures this. You can perform an address data check direktly from the relevant screens via individual checks or have them checked and blocked fully automatically on a regular basis.
A sanctions or embargo list is an official register of individuals, organizations, companies, and even entire countries and states to which no financial or economic resources may be provided. In addition to the basic UN sanctions list, EU lists as well as sanctions lists from various countries such as Germany, the United Kingdom, Switzerland, Japan, and the United States must be taken into account, as they impose sanctions on specific financial, energy, or trade sectors, among others.
Sanctions list screening is a process in which companies regularly check business partners and employees against national and international sanctions lists. The goal is to ensure transparency, compliance with legal and internal corporate requirements, and the reduction of associated financial risks.
Yes. Regardless of their legal structure or size, companies are required to continuously review and comply with sanctions lists in order to conduct business in compliance with the law. Even if your company does not engage in international business, you must regularly check whether your business partners, customers, suppliers, and employees are listed on a sanctions list.
Various official websites offer a free, manual online check against sanctions lists. This manual check is usually very time-consuming due to the large number of sanctions lists. However, there are tools that can be integrated into your ERP system to automate the screening process, run it in the background, and automatically document all results – such as the FORMAT-SAM sanctions monitor from our partner, Format Software Service GmbH.
