About 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 such as UN Sanction lists, OFAC-SDN Sanction lists and UK HM Treasury (OFSI) Sanction lists the customer need to apply for permission from any Data Inspectorate in the EU (in Sweden Datainspektionen) to not be in violation with GDPR Article 10.

Read more at Datainspektionen (in swedish):

www.datainspektionen.se/lagar--regler/dataskyddsforordningen/personuppgifter-om-lagovertradelser/

Read more about our service:

www.roaring.io/en/services/sanctions-lists/

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