Sanctions Lists

Controls against sanction lists are internationally considered a fundamental part of a company’s measures against money laundering and terrorist financing. Both financial companies and a significant number of companies and professionals outside the financial sector are required to screen their customers against the sanctions lists issued by the EU Council of Ministers.

The sanctions are issued against individuals and entities suspected of involvement in terrorist acts or links with terrorists and people connected with certain regimes outside the EU. To also screen customers against other sanction lists than the EU Consolidated Financial Sanctions List, such as UN Sanction lists, OFAC (SDN and CSL) Sanction lists, the customer needs to apply for permission from any Data Inspectorate in the EU (in Sweden Integritetsskyddsmyndigheten) to not be in violation with GDPR Article 10.

Read more at Integritetsskyddsmyndigheten (in Swedish): https://www.imy.se/lagar--regler/dataskyddsforordningen/personuppgifter-om-lagovertradelser/

These sanction lists are included in the service:

EU:

• Consolidated Financial Sanctions List

OFAC Specially Designated Nationals And Blocked Persons List (SDN)

OFAC Consolidated sanctions lists (CSL):

• Foreign Sanctions Evaders (FSE) List
• Sectoral Sanctions Identifications (SSI) List
• Palestinian Legislative Council (NS-PLC) list
• List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (CAPTA List)
• Non-SDN Menu-Based Sanctions List (NS-MBS List)
• Non-SDN Chinese Military-Industrial Complex Companies List (NS-CMIC List)

UN:

• United Nations Security Council Consolidated List

• Know Your Customer (KYC)
• Anti Money Laundering (AML)
• Compliance