23 June 2021
Bird & Bird's International Trade & Customs team are pleased to announce the launch of The SanctionsList app.
What are sanctions?
Sanctions are to be considered as measures restricting or prohibiting business with targeted parties that are designated on a sanctions list. Non-compliance with sanctions could result in financial penalties, significant reputational damage and even imprisonment for individuals (in a worst-case scenario).
Why is screening recommended?
To prevent non-compliance with sanctions, business partners should be screened against the relevant sanctions in order to ensure that their business partners are not designated on any relevant sanctions list.
What is the SanctionsList?
The SanctionsList is a sanctions screening app and consolidates the UN, EU, UK and U.S. sanctions lists into one easy-to-use app. To start ensuring sanctions compliance and to check if your business partner appears on a sanctions list, download the app in an app store by scanning the above QR-code or use the web-based app.
For further information, please contact:
Sandra Seah, Partner, Bird & Bird
sandra.seah@twobirds.com
