Sanction-list scanning

Scan sanction lists. Comply with legal guidelines.

Since 2001, all companies have been legally obligated to cross-check the people they do business with on government sanction lists. More and more companies are turning to efficient software solutions to scan government sanction lists to comply with the law and avoid being penalized. Large-scale companies have been requiring their suppliers to adopt more advanced means of complying with these laws. And sanctions lists also impact on domestic transaction. EU regulations bar domestic transactions with businesses and organizations who appear on sanctions lists. And companies awaiting AEO approval will have to conform to further regulations before their applications are granted.

Mercoline provides companies with a means of checking up on their customers, suppliers and employees, as well as corresponding master and transaction data. The M.SecureTrade module Sanction-list scanning fulfils the legal trade-sanction requirements and eliminates many of the errors that arise when conducting a manual examination. It is available as an add-on feature that can be fully integrated into your own SAP system – no IT-infrastructure expansion required.

M.SecureTrade (Sanction-list scanning)

Check whether your business partners are on government sanction lists. Comply with laws and regulations. Complete part of the criteria towards becoming an AEO (Authorized Economic Operator).

But M.SecureTrade can do even more. Use another M.SecureTrade module VAT number check to check the accuracy of value added tax identification numbers (VAT ID No.) directly in your SAP system.