Sanctions and restricted party screeningLesson 115 of 136

Sanctions and restricted party screening

Some countries or entities are subject to trade sanctions or embargoes, and some products are classified as dual-use, meaning they have both civilian and military applications and are restricted accordingly. Screening your supplier, your bank, and sometimes your end customer against relevant sanctions and restricted party lists is a real compliance obligation, not an optional extra, particularly if your bank or country enforces international sanctions regimes.

If in doubt about whether a specific product, country or counterparty carries sanctions exposure, check with your bank or a trade compliance professional before committing to the transaction, since sanctions violations carry serious legal and financial consequences even when unintentional.

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