Trade Documents

Trade Documents

Restricted Party Screening Using the World’s Most Comprehensive Database

Service Overview

International shippers are confronted with the challenge of determining if a partner, customer or contact is designated as a restricted party. With hundreds of lists worldwide, manually screening for restricted parties is time-consuming, inefficient and prone to errors. As a result, companies involved in global trade have a greater chance of running afoul of restricted party screening regulations and can face consequences such as the loss of export privileges or criminal prosecution.

Workseer's restricted party screening brings confidence and efficiency to the denied party screening process. Used as a standalone tool or as a capability integrated within Workseer's Global Trade Management intelligent application suite, the system enables shippers to save time and money by quickly and automatically screening customers, suppliers and other parties against denied party lists worldwide.

In an era of heightened security, determining whether individuals, companies or organizations are restricted from conducting trade is essential. Exporters must ensure that they are compliant with government regulations and their goods are not sold to undesirable entities. Workseer provides restricted party screening as a standalone tool or as an integrated capability with the Global Trade Management intelligent application suite. A secure method for automating the screening process, Workseer's restricted party screening enables international shippers to save time and money by quickly screening customers, suppliers and other partners against denied party lists from government institutions worldwide.

Parties are screened against the data maintained in Workseer's Global Knowledge® application which contains the most comprehensive and current database of global trade content and international business rules available today. The information covers over 700 restricted party lists from more than 200 countries, making Workseer's trade content and update process the best in the industry.

Capabilities for Every Screening Challenge

Workseer's restricted party screening brings confidence and efficiency to the denied party screening process so international shippers can establish strong trading partner relationships and focus on other critical activities.

Accurate Screening

International shippers face an enormous challenge. With hundreds of lists from governments worldwide, manually determining whether a partner, customer or contact is designated as a restricted party is time-consuming, inefficient and prone to errors.

Workseer automates the screening process to check whether a trading partner is on any official denied persons or illegal trans-shipper list. It also searches parties blocked from import or export transactions or sanctioned by a government for illegal acts such as involvement in international terrorism, narcotics trafficking, money laundering or weapons proliferation

The tool uses intelligent algorithms and business rules that help increase the accuracy of matches. A low false positive rate means fewer records must be checked manually for resolution.

Key Benefits

Ability to screen customers and trading partners against over 700 government-issued lists that are constantly updated with restricted parties and entities, embargoed countries and debarred individuals

Prevention of illegal transactions and the associated fines and penalties

Complete audit trail of screening activity that reduces corporate risk and enables shippers to demonstrate reasonable care

Integration with other enterprise systems to synchronize restricted party screening information and actions

Flexibility to do ad-hoc screening against single records or automated batch screening as an ongoing program

Configurable for use by multiple organizations within a company, with unique configuration for each