Sanctions compliance: the importance of screening

A critical question for any financial institution and its legal/compliance team is therefore how it both ensures that it is not doing business with a designated person or an entity which is owned or controlled by a designated person and how it manages its third party risk i.e. a third parties with which it does business diverting its products or services to a designated person or an entity which is owned or controlled by a designated person. This article explains how and gives some practical tips.
 
Sanctions Compliance: the Importance of Screening