For preliminary information concerning the legal background for Compliance Screening in Germany and Europe download our fact sheet: Compliance_Fact_Sheet.pdf (85 KB)
Security that you don’t have to check up on
Compliance Screening makes sense even at the end of the process
In response to terrorist threats, EU and US authorities publish denied party lists of persons and organizations with whom any business relationship is prohibited. Businesses must be sure to check their address lists against these names and take all organizational measures to avoid any such business contacts. Generally, this function is applied early in the order handling process. In some circumstances, however, a long time can pass between the creation of an order and its shipment. For this and other reasons, it makes sense to re-check all addresses at the end of the distribution process.
Routine in the background
The ASSIST4 Export terrorist list check works in the background, unnoticeable to the user. The system only reports when a match has been found. The transaction in question is blocked and those in charge of exports are notified. This automatic alert system triggers a pre-defined process. Experts from AEB support you in setting up and running this type of enterprise-wide risk management. ASSIST4 Export allows businesses to comply with their obligations of control and due diligence and to clearly verify this compliance.
The trained watchdog
Technical control and execution of the sanctions list screening rests with the Compliance Engine. This AEB proprietary software system administers imported denied party lists and automatically runs routine checks at regular intervals and at various points in the process chain, keeping your goods export secure at all times. Whether an order is being created, data is being imported from the host system or an address is being manually changed – the electronic “watchdog” misses nothing. All prohibited business contacts are reliably uncovered and documented. For further details on how the Engine provides secure data synchronisation, see AEB Engines.