ONESOURCE Denied Party Screening Description

ONESOURCE Denied Party Screening provides a secure and automated solution for evaluating customers, suppliers, and partners against over 750 international restricted-party and sanctions lists, integrating seamlessly with import/export management systems to prevent transactions when a match is detected. This system ensures ongoing compliance through daily updates of worldwide lists and a meticulous content-validation process that involves collaboration with government entities. Users can customize the screening process by selecting pertinent lists and setting specific match-score thresholds that align with their individual risk assessments. The advanced matching algorithms utilize more than 30 data elements, including name, date of birth, location, and citizenship, effectively reducing the incidence of false positives. Furthermore, the solution strengthens transaction security by assessing supply-chain participants based on the best practices recommended by the U.S. State and Commerce Departments, reveals intricate ownership structures through Dow Jones sanctions-ownership research, and expands due diligence efforts to include Politically Exposed Persons (PEPs), thereby enhancing overall risk management strategies. Such comprehensive functionality ensures that organizations can operate with greater confidence in their compliance efforts.

Integrations

API:
Yes, ONESOURCE Denied Party Screening has an API

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Company Details

Company:
Thomson Reuters
Year Founded:
2008
Headquarters:
Canada
Website:
mena.thomsonreuters.com/en/products-services/global-trade-management/onesource-denied-party-screening.html

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ONESOURCE Denied Party Screening Screenshot 1
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Product Details

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Online Support

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