Restricted Party Lists

Issues and Challenges

In an era of heightened security, determining whether individuals, companies or organizations are restricted from conducting trade is essential. Shippers are responsible for ensuring that they are compliant with government trade regulations and that their goods are not being sold to undesirable entities.

Challenges include:

• Storing and linking information for all business partners including individual contacts, parent or subsidiary companies and their relationship to you

• Determining whether a partner or contact has been placed on any official denied persons or illegal trans-shipper list, blocked from import or export transactions or sanctioned by a government for illegal acts

• Identifying any destination countries subject to trade embargoes by the country of export

• Keeping current with constantly changing restricted party lists from around the world, including Politically Exposed Persons (PEP), Embassy and Dow Jones' Sanctioned Ownership Research Data (50% Rule) lists

• Managing the hold and resolution process efficiently to avoid supply chain delays

How Amber Road Can Help

Amber Road's network of In-Country Content Providers (ICCP) and trade specialists monitor and screen against all major restricted party lists issued by government regulatory agencies worldwide. All restricted parties are compiled and updated using our ISO 9001:2015 certified 19-step process and maintained within our global trade content database, which consists of over 600 global lists. Updates to these international trade regulatory lists are processed daily to ensure that restricted parties are properly flagged before our customers' goods or services are “order accepted” or “shipped”.

Using a centralized repository, an organization can logically store and access information about trading partners. Trading Partners can be linked to their parent or subsidiary companies and to multiple individual contacts. Each partner record can contain information related to the individual countries where that partner operates.

With these capabilities and daily information access, Amber Road ensures companies are utilizing the most current restricted party screening lists which reduces global trade risks and improves process efficiencies.

Amber Road’s screening tools are meant to be used for risk assessment purposes and may help you protect your business from economic and reputational risk.