Key benefits for your organization
Screening for sanctioned ownership directly in Descartes Visual Compliance helps enhance compliance programs, and decrease the risk of potential fines, penalties, and negative news coverage.
By including Descartes Visual Compliance Sanctioned Party Ownership Screening as part of their compliance processes, companies can help mitigate risk by identifying sanctioned parties within the ownership structure of your customers, clients, and business partners.
Confidence in the Data
Descartes Visual Compliance Sanctioned Party Ownership data has been thoroughly vetted by expert analysts located in research centers around the globe, providing confidence that the data is accurate and up to date.
Stay Up to Date
Businesses change hands every day; ownership structures that are in place today might not be the same tomorrow. To keep pace with these fast-paced changes, Descartes Visual Compliance Sanctioned Party Ownership Screening accesses data that is continuously updated by industry experts.
* Descartes Visual Compliance's Sanctioned Party Ownership Screening leverages Sanctions Ownership Research data provided by an industry-leading provider of worldwide news and business information.
Results are returned directly with pertinent details on percentage of ownership by sanctioned individual or entity, sourced from public information, such as company websites and annual reports, legal records, social media, and other relevant sources of information.
SCREEN THE WAY YOU WANT TO
Descartes Visual Compliance allow you to screen in the way that works best for your organization. Regardless of whether you screen online, in bulk, or through integration with your business system—we can have you up-and-running in as little as a day.
RESULTS APPEAR WITH YOUR RESTRICTED PARTY SCREENING
By adding Sanctioned Party Ownership Screening to your screening processes, potential matches will appear in the same interface as your standard restricted party screening results. There's no need for multiple windows, and you don't need to perform additional searches to get the information you require to maintain compliance.
BUILT-IN RECORDKEEPING AND AUDIT TRAIL
Descartes Visual Compliance provides a full range of audit recording and due diligence that automatically record screening details and allow users to easily demonstrate their compliance activities for Sanctioned Party Ownership Screening.
"A U.S. person may not procure goods, services, or technology from, or engage in transactions with, a blocked person or entity directly or indirectly...regardless of whether such entities appear on OFAC's Specially Designated Nationals and Blocked"
Why choose Descartes Visual Compliance™?
Incredibly Intuitive and Easy to Implement
You can start using Descartes Visual Compliance–OFAC Screening software right away. Typical deployments are completed in less than a day.
Our service team, IT and regulatory compliance specialists have the necessary expertise to help support your compliance processes from day one onward. As well, your dedicated service representative is there to help you every step of the way.
Our Experience With OFAC
Rely on our expertise, developed over 35 years of helping companies navigate the complexities of compliance with government regulations.
We provide an a la carte menu of compliance solutions, which allows you to focus on your key risk management needs. As your business needs change, Descartes Visual Compliance adapts to support you.
Discover our products
For more information about OFAC compliance software solutions
To learn more, call toll-free 1-877-328-7866 (Intl: 716-881-2590) and talk to one of our compliance consultants. They'll help you analyze your restricted and denied party screening requirements, evaluate your options, and provide focused software demonstrations.