Question: We are a global business headquartered in the U.S. that uses a third-party company for denied party screening. Our batch screening and new customer screening is run through the third-party system with U.S. Trade Compliance oversight and review. As part of our new customer set up another team will complete ad-hoc screening in the […]
Question: We’re a large company handling over 200 exports each month, and we’re currently exploring alternatives to our existing DPS solution. I’m curious to know what solutions other members are using for their DPS needs. Does anyone have any positive experiences with SAP GTS and Descartes that they could share? Any insights or recommendations would […]
Question: I’m looking for feedback from ICPA members who screen forwarders and vessels selected by their export customers. Specifically, what is the intake process for such information in order to screen in a timely manner? Answer 1: We don’t go fishing for this info, but if it’s provided in the normal course of business we […]
Question: The Deputy Secretary of Defense has determined that the following entities qualify as “Chinese military companies” in accordance with Section 1260H1. One of the entities on the list is COSCO, a shipping line used by many in the industry. Does this mean ‘COSCO’ is now on the denied party list? What are the restrictions […]
Question: When receiving a block in SAP GTS for a business Partner or other entity how do I verify whether the block is on the SPL. Is the BIS record generally present in the SAP GTS system or do I have to download the BIS consolidated list to compare? I would like to know what […]
Question: Is there a difference between OFAC party screening vs. Denied Party Screening? Answer 1: To me, Denied Party Screening is the umbrella term. The OFAC list is one of many lists. There are many govt and non govt agencies (OFAC, Dept of Commerce, DoJ, BIS, CBP, World Bank, IMF,) that have their own list of […]
Question: My company produces mining equipment. Should we keep track of what the customers do with the ore they quarry with our machines. If we a see risk that the customer might sell the ore to a sanctioned country, what action should we take? Answer 1: You don’t have to make an active program that […]
Question: Viktor Feliksovich Vekselberg is an OFAC SDN. A potential new vendor was screened and was blocked for UBO. The SDN is a 43% owner of the potential new vendor. What risks should be considered with whether or not to do business with the potential vendor for any of our global companies? Answer 1: A […]
Question: From the various feedback I’ve received relating to SPL screening, I’m hopeful the membership can provide further guidance. We have a lot of false positives due to street name matches. The block is not applicable to the business partner. What is available to enable the business partner to no longer be blocked by the […]
Question: I joined a company where we subscribed to ALL lists from a major trade compliance provider. I plan to either disregard certain lists, i.e. SMEL, which doesn’t apply to us, or to stop subscribing to certain lists. While that may work to resolve the sheer number of blocks every day, my other issue is […]
Question: Hello, We are a food manufacturer who screens all parties – – to ALL lists through Descartes. (Yes, all. I used to work in A&D, and we did not subscribe to ALL the lists.) We manufacture and sell direct to food service distributors, restaurants, and the like. I am working with Legal to discontinue […]
Question: Can restricted-party screening software receive the name of a foreign company, then determine the owners of the company, and then run the owners’ names through government watch lists? Answer 1: No. You need a separate service if you want to outsource ownership analysis. Be ready – this is an expensive service, and only the […]
