Sanction screening for corporates

Working with a sanctioned or blacklisted third party will have serious consequences for your business. Do you know how to protect yourself against this risk?

Why sanction screening is important for your company

How sure are you that none of your suppliers or partners is on a sanction list? This is a question that every financial institution, multi-national or company with international exposure should ask itself. Governments and international bodies are quick to crack down on companies that work with a sanctioned third party. The consequences are dramatic: heavy fines, reputational damage and a ban from responding to public tenders are just some of the potential repercussions.

With sanction and watch lists running into hundreds of pages, and in more than 20 countries, manual checking is not an option. Fortunately there are plenty of sanction screening tools on the market to help you protect your business from this risk. But there’s more to setting up an effective sanction scanning system than buying an off-the-shelf solution.

Identify the most suitable Sanctions Screening Tool (SST) to meet your needs

How we can help

As is so true in much of life, prevention is better than cure. To help protect your business we will work with you to understand your business processes and requirements and identify the most suitable Sanctions Screening Tool (SST) to meet your needs. Our services also cover 

  • the design of the to-be process

  • implementation of the SST within your business operations

  • ongoing support after go-live

Protect your business against sanctioned third parties and contact us now.

Contact us

Bruno Deraedt

Bruno Deraedt

Director, PwC Belgium

Tel: +32 493 24 04 02

Ben Colson

Ben Colson

Director, PwC Belgium

Tel: +32 493 24 04 45

Connect with PwC Belgium