Why do I need Denied party screening?

Denied Party screening allows your business to remain compliant by ensuring you do not sell or enter in an agreement with someone on a sanctions list.

This will also allow you to avoid large fines, which can reach $300,000 to $1.5million per violation or if the violation is severe enough it can lead to jail time. Both will result in large damages to a businesses reputation as these violations and their penalties are regularly published in articles such as ‘Don’t let this happen to you’ by the Office of Foreign Assets Control (OFAC) in the US.